Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-12-31
FAMOUS STATIST|C|AN
:: DISCUSSES BUSINESS
Country Is Halfway Between
Depression and Pros,
ADVANCE MADE THIS YEAR
"fou Cnn MIKE Money During the
ScAt Twelve Months" Snys Dab-
son. Who Gives Forecast Of
Prices. Wages and Sales for I9.:,


son. Who Gives Forecast al
Prices. Wages and Sales for 1923
WELLESLEY HILLS. MASS. Dec
3o.-"What's going TO happen it
l92S?'
That question IS uppcrmost in the
minds Of 100000 American bushes.
men ana investors who arc fac!ng
the problem of making plans for tn,
New Year
Signs arc not cicay and the usua,
haromc;crs seem TO contrad!c, on,
anothcr
In the face OF this general con.
fusion We had hest fan back on tn,
facts and figures At,er a thorough
s:udy of :he fundamental condition.
that govern our markc;. Roger "
l;ohson ;odar issued statement
which clears the air and furnishes z
eaS.S o; fact :or your plans.
AZ Hnlf-NNny Point.
I'VE are now at point in ;he
business cycle" says MIR Babsun
where YOU can re; almost as many
"ircrcut opinions as there are husi-
ness mon. Some are very bulllsn
for tn" coming year. and others can
not see much hope for business. The
reason 10: such situation is ,ha,
We arc at pY sent neither at ;hc ton
Of = boom nor at ;he depth oc de-
preston. Il we were at either O,
,hcsc extremes there would he ne
question Of what the next mov.
would he. As 1t is. we are abou;
halfway between them.
During tho pas; year United
states business has steadily ud-
vancci uni!l the average for the
whole country is what we usuully
call normal" business Having ad.
vanced thus FAR. shall We immod!.
h;ely continue into Il great prosper
ity period or shall we go into an.
other period o: depression ana poo,
business as some predict?
IF YOU VIII only remember tn,
i've years preceding 1921 and > GAL.
"hat an enormous Org" oc cNrar.
sion existed sou can sco rgr your.
self that II will take some :irYa :.
get proper foundation. fuy r.q.',
good business, We drncct Gu,i7r
those years. and now wo mus. nav
the fiddler his complete bin Uus
ness has really boon like . Cuavui.e.
cinE patient. Everything. vii! =.
well with the patient II ne does no,
try to get ont OF bed too soon I.
he tries 10 ovcrdo ho Will have 4.
relapse. We now have passed tho
most painful part % the rcadjus,.
ment. The crisis IS over, but :: pro.
eess OF cost reduction and rebaianc-
ing is necessary"
{, Price Spread Is Wide.
To-day wide disparity exists
net"eeh prices OF different commoli.
tics and particularly the spread ur-
tween producers and consumers
goods. This is brake on ts"o,
One7half of the people cannot can.
enough 10 buy the goods ,Aat IN,
other half has TO sell There M,
loS.oo0.0oo people in the Uu!;,!
states and so per cen, Of then? s.,
their living from producing or ais
trihut!ng raw materials II has thl;,
Tar been Impossible to reduce IN.
prices OF finished consumers goods
10 meet the cuts on these raw ma.
tertals. The purchasing power o:
these people is out OF its nnturn
proportion.
II Is not entirely 4 matter Of 70.
ducing wages. although labor cost.
are, "A large factor. uur is !, entire.
iy.a mater Of ineM",r, maaasy
Oh cnt. 40, the problem 81 Nigh su-r.
is not "a problem @: any one sd,
ment; and rcadJustiacMt can com.
ia only one wNy-dras,!c ,ou.p,,l
tlon ~! TINS viii take further I'm.
Docs ms mean that "ncrc w.!
he no urtunit!cs IN 1895 30,
DIX IHr:" w.!l oc just as man.
eNanc's - make money as in am
ear you ever lived. it viii nc pos
s'9.e '"F you 20 make as much dur
."E the n"N, twelve months as /,