Every evening, Wilmington daily commercial. (Wilmington, Del.) 1878-1928, 1922-06-17
MORE WORK, BETTER
WAGES PREDICTED
BY Roger w. Babson
(All Rights Strictly Reserved

Wellesley Hills. Mass, June IT,
With the news full OF strikes.
threatened strikes and labor unrest.
Roger w. Babson. statistician, today
issued the following statement regard
Ing general Industrial situation
"For some time" said Mr.. Babson.
business In the East has been reviv-
ing. Were 1t not for the textile and
other strikes In New Hampshire,
Massachusetts and Rhode Island.
business conditions in New England.
New York State. and Pennsylvania
would be very good today. During the
past year the Central West has been
the weakest spot In the business stu
alton. Tho abrupt drop In tho price
of gains. live stock. and other farm
products left the agricultural sections
of our country In n very bad condition.
You will remember the farmers con-
ference at Washington and various
forms of aid enacted by Congress and
different State legislatures.
The rise in agricultural products,
however, which occurred n few months
ago, accompanied by the good weather
ConulllcnH VI Nit PnrN low NtVNEr ii''
made the farmers feel very much bet
ter. Reports which I am receiving
from correspondents In the West are
truly encouraging. This applies not
only to the agricultural districts, but
also TO tho mining and lumber busi-
ness. Even the automobile industry.
which is such a factor throughout
Ohio and Indiana. Is feeling much
moro encouraged. or course. the
union coal fields are quiet. but tho
non union fields are moro active each
week The cut In freight rates should
help the coal and lumber business. The
demand for cotton continues strong
and the South Is gradually feeling
better. This better feeling throughout
the West and South Is reflected by the
Improvement In the business of the
mail order houses. The customers OF
the mail order houses are largely In
the rural districts This shows that
the farmers have again begun to buy
This Is very gratifying and is one OF
the reasons for the continued strong
stock market.
Owing to the change in the foreign
trade situation and the sale OF for
eign bonds In this country, sterling
exchange IL much stronger. Although
IL may be only n temporary movement
the whole foreign situation looks bet
ter than ii has looked for some time
Private advices tell me that n settle
ment is being approached between
Germany, England and France. re
garding the German reparations II
this Is so, IL should be distinct i'm
petus 10 business. both by causing
Europe 10 buy from this country anc
giving this country confidence tn loar
Europe. Although no change has TAX
en- place in the Russian situation dur.
ing the past week, yet signs even II
Russia are favorable at the moment
For the first time In many years
things look encouraging in Europe.
The strike situation IN New Eng
land is gradually clearing up. TIL
strike In Providence In about over
and production In all tho mill cities Il
gradually increa sing. II Is believed
that mills will have all the men the,
desire after the Fourth OF July. An
other factor helping the mill situa
, ton Is the fact that many OF the dis
satisfied employees are getting posi-
. lions elsewhere. There is considerable
! demand for common labor today
: Many OF the striking employees iron
. the textile and other mills have bee
able 10 get satisfactory wage 1