Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-05-22
FIGURES ON
TRADE SHOW
STEADY GAINS
Facts Support Theory
of Revival in
Business.
SPOTS ARE FEWER
Coal and Textiles in
Depression From
Strikes.
SPOTS ARE FEWER
Special to Indiana Daily Times
and Philadelphia Public Ledger

PHILADELPHIA May 22.-To many
men President Harding's statement that
we are on the threshold OF new era
and more than a business revival Is In
sight may have appeared overly optimis-
tic. Every man judges largely by his
own life Of endeavor II his business Is
poor, all business seems poor. He Is In
cIined also to measure now by the yard
stick of the flush days Of the war period
and the days following the war rather
than the period before the war. He
seer, too, the coal strike, the greatest
In that department, In the Nations his
tory, in which there is no sign as yet of
settlement, and the long drawn out tex
tile strike in New England.
Unquestionably, conditions remain
spotted, but the spots gradually arc
becoming fewer. A look at foreign and
domestic trade figures might be good
medicine Steel is of the major group
Of Industries Despite Genoa. the for
eign business Of the steel corporations is
increasing steadily. Despite the unset
tied state OF Europe, our cotton exports
thus Tar this fiscal year exceed 5,000o 600
bales, or equal to IS per cent Of the
total American crop of 1921 The total
foreign takings for the fiscal year prob
-
cent Of the 1921 crop. Our exports OF
copper have been big. So have our ex-
ports of grains. Exports Of machinery
show steady betterment and the i'm
provement In exports Of farming imple-
ments, tractors, haryesters, plows, reap
ers. ETC., is pronounced. Specialties are
not IN much demand, but exports Of
cloths and clothings are quite satisfac-
tory. 1t is not Europe alone. but the
other geographical divisions Of the earth
that show well in these lines. A report
from the John b. Stetson Company Is
impressive. It says Of its foreign hat
business thus far this year:
DEMAND FOR
QUALITY GOODS.
Australia, very much better: Mexico,
considerably larger and Holland very
good; England. very good; New Zealand,
where there was deep depression last
year, orders now splendid. The most no
ticeable feature of our foreign trade Is
the demand for high quality goods"
There Is no reason at present to doubt
that the export business Of the United
States for 1922 will be greater than that
of any year preceding the World War.
GOOD IMPROVEMENT
AMONG FARMERS.
corn, cotton, meats and other agricultural
products has made a good change for
the better in the farming districts. This
is reflected In general trade. Improve
ment In some Of the manufacturing lines
IL not SO distinct because OF the oyer-ex-
pansion Of many industries in tho war
period, the Nation today being over
mschined. But In certain lines there has
been q remarkable revival This Is true.
particularly of lumber and automobiles.
The lumber production, owing to the ac-
tivtty In general construction, promises to
show a great increase. From q very low
state of production the automobile indus
try has been broadening until now there
Is prediction that this vii be the banner
year in output Of passenger cars. De-
mand for auto trucks Is climbing. Or
ders for railroad equipment indicate an
excellent year. Road building is on a