Albuquerque morning journal., 1922-12-31
NO INDICATION
OF ANY BOOM IN
BUSINESS GANN
Wall S treet Economist
Makes Predictions for the
New Year; General Out
look Not Encouraging


New Year; General Out
look Not Encouraging
w. D. Cam, Wall street econ
omist and scientist, makes the
following predictions for the New
Year:
While there will be spurts Of
activity and some fairly good
business during the spring and
late summer, the general outlook
is not encouraging and there is
no indication of any boom in
business this year.
'erhe cost of labor will con-
tinue high and keen competition
in many lines will cut down
profits. Crops will be good, but
prices will be on the decline. The
crops In foreign countries will be
poor, especially in England and
France.
THE foreign situation will play
an important part in our business
affairs this year and will cause
lack of confidence and hesitancy
on the part of business interests
our government will have lot
of trouble on account OF secret
enemies in foreign countries.
Treachery and deceit by some
foreign power is shown, probably
Japan. Turkey will not remain
peaceful and there is a strong
probability that she will start
war again in the spring.
From April to June a serious
falling Off In business, financial
troubles, business and bank fail
ures are indicated. During April
the laboring classes will be very
much dissatisfied and strikes are
threatened.
( During the fall serious bus
mess depression will set in and
tthe general outlook become
cloudy. November and December
are very unfavorable and general
business conditions will be very
unsatisfactory. There will be
business failures, declines in Sc
.curities and general state of un-
rest throughout the country.
"January-The year starts IN
with an unfavorable outlook. |
There is a strong possibility of |
war in Europe. Conditions will |
be unfavorable in Russia, Turkey |
and Spain. Germany will be |
threatened with revolution. These |
depressing foreign conditions will |
unsettle business in the United |
States. The latter part of the |
month there will be a hesitation |
an business and unfavorable re-
ports in industrial lines.
"February-Commercial failures
will increase. There Is a possi-
bility of an important bank fail
ure. Germany, Austria, England
and France will have serious fl
nancial troubles, which will de-
press business conditions here.
"March--Striies in foreign
countries and labor unrest will af-
feet business. Germany may de-
clare herself insolvent or revo-
luton may start there. France
and Italy will be in o state Of
unrest.
"April--This is a war month
for the United States and we are
threatened with strikes and dam
ger of war. Railroad earnings
will be poor. A state OF unrest
and lack of confidence will be
manifest among the people. For
eign countries will prove treacher-
GUS and grave MISUNDERSTANDING
are threatened, IL not an open
break. Japan VIII cause some
trouble.
"May-Business outlook some
what improved, but strikes and
war are threatened. Foreign at
fairs very much unsettled. There
is a strong possibility OF war In
n foreign country. Franco VIII
have serious troubles.
"June--Some Improvement In
business and a better political
outlook. Cold rainy weather /
will cause damage to crops. Con-
ditions will be bad in the east
ern states and around New York
city. Strikes and danger Of war
in foreign countries Will still
have a depressing Influence on
our business.
"July-Storms heavy rain and
hail will cause damage to crops. |
Trance. Germany, Italy and Aus
1ralia will be in very unsettled
state and strikes in this country |
are threatened.
"August-Extreme heat and |
electrical storms will damage |
crops There will be earthquakes
in foreign countries which will |
do considerab BILE damage. France
and Germany win be in a great |
state Of unrest and have cerious
Financial troubles to face.
September-Some improvement /
in business, but 1t will not last. |
bad weather will cause damage |
to crops and business will begin |
slowing up the latter part Of the
month. Financial outlook very |
unfavorable.
october-Busines conditions
very bad. Many business failures
and conditions bordering on a
panic throughout the country.
Serious losses through fire and |
trouble on account of strikes is
threatened. Some trouble with |
foreign countries will help to de-
press business.
Z "November-This is a month |
of great excitement. Danger of |
strikes or war. Foreign condi-
fions win be seriously disturbed. |
Australia, China. Spain, India, |
France and Germany will be in |
"a very unsettled state. Loss of !
confidence on the part OF in
Nestors will cause serious declines
5n stocks in Wall street.
8 Observation-Disclosures conditions |
very unfavorable. Strikes and |
failures are indicated. Loss of
confidence on the part of the |
public and dissatisfaction with the |
administration at Washington |
will cause serious wave of |
.pessinism to fan over the entire |
Country"
Il PAROLE GRANTED, 2
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