The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1923-02-22

been moving like storm wave across
the United States during the past
two years. says Mr.. Babson, start
ed in 1919 in Connecticut. To be ex-
act, Bridgeport, CONNECTICUT was the
first city really to suffer. During
1920 entire New England was under
the cloud and unemployment was pre-
valent thruout the states of Maine,
New Hampshire, Vermont, Massa-
chusetts, Rhode Island and Connect
cult. Before any other section--with
the possible exception of the South
experienced trouble, New England
was in the midst of business de-
preston. In accordance with the
Law of Action and Reaction, New
England would, therefore, be the first
to recover. Improved conditions,
therefore, made their appearance late
in 1921. If it had not been for the
textile strikes of last year, 1922
would have been a very good year
for most of this section. Owing, how
ever, to these textile strikes-which
wer not settled until the latter part
of the year-New England business
has held back. Conditions are now
reasonably satisfactory and these six
state are all doing well.
maine, altho suffering from an
unfortunate potato CROPS enjoying
an increased demand for pulp, paper
and her other products; New Hamp-
shire's cotton mills are working full
capacity; the WOODEN and most of the
other industries of Massachusetts,
are in rood shave; Rhode Island is
very busy. and Connecticut is coming
back as rapidly as can be expected.
Of course, Connecticut war work is
gone-and / hope forever-but the
manufacture of hardware is growing.
Owing to the geat area of suburban
building due to the automobile
demand for Connecticut hardware
should be great for some years to
come. Vermont is the only New Eng
land state which is not showing much
activity.
Readers desiring to sell goods or
, secure employment in New England
should visit such cities as Springfield,
Holyoke, Worcester and Fall River,
Massachusetts; Manchester, New
Hampshire; and Portland, Maine.
The shoe cities of Lynn and Brockton
show some improvement over last
year but have not yet come fully back
Boston is still fairly quiet and Prov
idence is not as active as Spraing-
field and Worcester. All New Eng
land cities are profting from the good
investment conditions of today. New
England is the home of investors.
Hence, when stocks and bonds are low
New England feels poor. Today.
however, with strong stock market
and a good bond market, people are
feeling more like spending money.
This means that not only are the
wage earners of New England buying
merchandise but the well-to-do are
also freely spending money. To quote
Mr. Ford: in some sections / shall
sell more Fords and in other sections
more Lincolns in 1923; but in New
England expect to sell more of both
grades of cars
Land is still reasonable in price
turnout these six states. People
coming from other sections of the
country are astonished at the low
figures quoted on the finest suburban
land, especially within ten miles of
Boston. Good land for building, with
all conveniences-such as water. gas
and electricity, can be bought for ~
cents foot and the choicest lots can
be secured at twenty cents. This
means that the suburban development
IN New England should be very great
during the next few years. Conse-
quently there will be keen demand
for building materials, and both the
skilled and common labor. New Eng
land Is fast become great summer
playground of the United States
as people go to Florida and Califor-
MA in the winter, they will visit New
England in the summer.
The growth Of the Summer Bust
ness Conferences which we hold every
year at Wellesley, reflects this ten
dency. Each year, for three years,
the Babson Institute has been obliged
to build new and larger auditorium
to take care of the visiting business
men who came between July 25th and