The New York herald., 1922-08-12
PREDICTS BUSINESS
BEST IN SIX YEARS
Expert Tells National Retail
crs Trade Outlook Bright
for Next Six Months.
FAIR PROVING A BENEFIT'
Exhibitors Indorse Plan and
Semi-Annual Displays Are
Probable.

With a cheerful word of hope for;
better business conditions than at anyI
time during the last six years thel
National Retail Dry Goods Associa ton.
yesterday ended its semi-annual con-S
vention at Grand Central Palace. Ths;
Merchandise Fair, which is being helds
under the auspices OF the association.
VIII be closed to-day and tomorrow,
but will open again Monday and con-..
tinue through to August 25. The fairs
at the Seventy-first Regiment Armory,
held in cooperation with the Nationaf-
Garment Retailers. Association, will con-
tinue next week. +
a resolution providing for the hold
ing OF Merchandise Fair SEMI
annually was adopted by the conven-l
ton and will be submitted to the boaNt
OF directors. Francis Kilduff, chairman n,
OF the resolutions committee, presented
the resolution. Jesse Isidor Straus,
president OF the association, presided.
Before offering the resolution Mr.. Kill
duff said that he had personally gone
10 a number of the exhibitors to inquire
whether they felt the fair had proved
beneficial TO their business. 1T wax
the unanimous opinion OF those l ins'
terviewed that the fair was the great
est single factor that ever had been
undertaken In this or any other city"
lie stated. Associated with Mr.. Kill
duff on the resolutions committee were
William IL. Hager and Harry NJ. Hem,
derson. a vote OF appreciation was.
given to Michael Friedsam. Lew Hahni
Ira n. Younker and other members Of
the general fair committee. II
DR.. Frederick l.. Hoffman OF the Bab-
son Institute, Wellesley Hills. Mass.s
spoke encouraginglx OF business condi-
tions. First he paid a tribute to the
fair. which, he said, marked the birth
place OF a movement that viii enor,
mously develop American business pos
sibilities.
Il have been asked to say few words
on business prospects, began DIR. Hoff-
man. II may say from all the sources
at our command (and they are prob
ably larger. in the case of private con-
Germ, than those Of any other similar
undertaking) the indications are pro-
foundly reassuring that the tide has
turned and that the outlook for the next
six months Is better than 1t has been
for the last six years. cE
There Is going 10 be good business
head, good business for the manufac-
-rer. good business for the jobber, good
business for the retailer and good busi-
ness for the consumer. r
"Wha. viii happen after six months
no one can tell. IL Is amazing that the
great national strikes in mining and
raiiroadlng should have had so slight
an effect upon the general business situa-
tion. but all the assurance that we have.
privately. governmentaily and from
authorities in the position to judge,
Justify an absolute faith that the next
six months surely viii inaugurate a very
satisfactory era, especially for the re-
tail trade.
TT isn't the bank clearings. II isn't
even the deposits In savings banks. 1t ~
the well being. the ease and security OF
our retail merchants that measure our
national growth, our national progress
DR. Hoffman said that the institute
was planning 10 build nearly 100 build
ings on 300 acre estate they have
acquired.