The Washington times., 1923-04-28
.DU POINT SEES
GOOD TRADE
AHEAD
Hard Finds key industry"
Booming From Demands in
All Lines.
BY WILLIAM HARD.


WILMINGTON. DEL, April 2s.--
Irense du Pont, president Of e. /.
du Pont de Nemours, which Is the
central company OF the nationwide
du Pont interests, took sharp issue
today with certain fellow-nnagnates
OF his American business who have
been foreseeing and foretelling a
quick end to our present prosperity.
Our present prosperity, according
to Mr.. du Pont, in talk today
with this writer, is only beginning.
It IL barely started. 1t "a just
gathering Roadway. There is no
sound reason why 1t should slow
down. It ought to speed right
along. Such Is Mr.. du Points view
and he gave his reasons for 1t.
This country" says Mr.. du Pont,
has not yet consumed the quantity
Of new industrial product required
by Its increase in population and
by liz advance in standards OF com
fort. We are a bigger people than
We ever were before and We are q
people wanting more things and
wanting them better The demand
exists. The supply ID in arrears.
Barred Industrial Cupboards.
I'VE acquired perverse passion
lately among manufacturers In this
country for getting rid OF our
stocks on hand and for not replen-
ishing them. We seemed to want
to get our factory cupboards to
where they would be bare. we
prided ourselves on what we called
liquidation Of the inventory We
discharged our employees and cur
tailed Our manufacturing and sold
Off our accumulated goods and
stopped buying and stopped en-
ploying and called It business.
Now we have only small stocks
on hand, and we have q country
which never yet in it's actual buv.
Ing has anywhere nearly caught up
with its new additional buying ca.
pacity produced within 1t by its en-.
larsed population and by It's ad.
vanced and expanded tastes and de,
sires. The situation can be put
into one sentence. This country
is full of deferred buying caoacity.
To cater to that capacity and to
satisfy 1t is a task which viii re
quire a long period of intense in.
dustrial effort. It cannot be done
in short time. The process OF
doing It will be prosperity, and l
believe accordingly that our pres.
ent prosperity will be not short but
long"
Information gathered here re.
garding. the chemical industry, in.
Guiding the firm of which Mr.. du
Pont Is the head, throws a bright
light on virtually all other basic in.
dustries in the country.
Touches All Lines.
In previous dispatches this writer
has related the conditions existing
in certain industries separately. The
| special value Of the chemical IN.
dustry in such inquiries 10 that 1t
serves as the best known great.
est common Indicator to the condi.
tons existing in all industries lump.
ed and averaged.
It seels It's explosives, for in.
stance, to the mining industry and
to the Quarrying industry and thus
| to the iron and steel industry and
even to agriculture, Which now il
consuming 100000 pounds OF dy.
Mantle yearly for blowing stumps
out of existence and for blowing
bitches into existence and for doing
various other things violently and
ra pidly.
1t sells it's dyes to the textile In
dustry and to the leather industry
and to other industries, the annual
product Of which Is worth more
than $4,000, 900, 900.
For such reasons the chemical
| {NHA IHHy
one OF it's students as "a small
key that unlocks a view to the
whole industrial outdoors"
rs Per Cent Gains.
What then is the present state
Of the chemical industry? To that
question this writer today Gwas
given two carefully verified and alb
lutely authoritative answers.
In the chemical industry as a
whole the production of the first
three months Of 1923 exceeded the
production Of the first three months
of 1922 by 25 per cent. In the dyes
section of the chemical industry the
production OF the first three months
Of 1923 exceeded the production Of
the first three months of 1922 by
rs per cent.
These figures would seem to In
dictate that our industries as a
whole-and not merely In special in
stances-are prospecting and pur-
chasing; but they would also seem
to indicate that there is a special
extraordinary prosperity in the tex
tile industry, which Ia our great
consumer Of dyes. The conclusion
would seem to be that our popula-
ton, in the midst Of Its active de
ferred" buying, is most specially
buying clothes.
Copyright. 1923, by Washington
| Press SerVice)