Perth Amboy evening news., 1923-04-07

Roger w. Babson has today re-
turned from his annual inspection
trip, reports of which have appeared
In this paper from week to week.
In reviewing the trip in general. MI.
babson stated that IL anything.
business Is becoming too rapidly ac-
tive in the United States.
Everywhere people are talking
prosperity, building Is booming:
prices are again advancing and
wages are rising" says the statisti-
clan. "A little of this Ia a good
thing; but too much OF It all at once
Is dangerous. When a patient re-
covers too rapidly, a relapse may
occur. The business men of the
United States need to remember the
warning OF that old capitalist and
philosopher, King Solomon, who
cautioned the business men of Jeru-
salem that pride goeth before de-
struction and d naughty spirit before
a fall Personally, I much prefer
the more gradual and deliberate
manner by which Canada is passing
through her reimbursement. We have
much to learn from our northern
neighbor. Today conditions are bet
ter in the States; but unless we take
care business will be better in Can
ada in 1924 than 1t will be here.
II spent some two weeks of my
trip studying Canadian conditions"
continued Mr.. Babson. land was
very much pleased with what I
found. Various factors suggest that
the Dominion stands in about the
same position in the economic cycle
occupied by the United States six or
eight months ago. II this Is so we
must look for Canadian business to
improve rapidly during 1928. The
farming situation Is better and more
favorable conditions prevail in trap
ping and trading centers of the north
woods owing to the state of the fur
market and the plentitude of furred
animals. British Columbia is in .
more prosperous position. than the
Prairtes. It's farmers did fairly well
last year and the fruit-growing sec
tions had very profitable yields.
Lumber demand is expected to de-
velop to quite sizeable proportions.
Even in the mining towns I look for
a fair Improvement. In British Co.
lumbia business during the spring
months should be good.
Canadian sales efforts during the
next few months should be concen-
trated on the eastern provinces. The
Industrial communities OF Ontario
and Quebec look relatively the best
and even in the agricultural sections.
conditions are. more favorable than
on the Prairies. Mixed farming
helped to tighten the load of the
eastern farmer. Industrial activity
in Canada Is estimated to be in the
vicinity of 10 per cent of capacity.
Unemployment and short time is
still prevalent in some lines. Gold
mining is an outstanding exception.
This line is fairly busy and is result
ing In considerable prosperity in
such centers as Porcupine and Kirk
land Lake, Ontario.
Industries manufacturing goods
FOR human consumption or covering
are perhaps most active and have
he most encouraging outl 1ok. The
best customers will be found in the |
cities. 1 have in mind all of the
Ontario and Quebec, but especially |
those producing pulp, boots and
shoes, textiles, clothing and food
products. In the Maritime prov
inces, a Arm foundation is bang
built up for business improvement.
Basic industries are now dull, but
[ believe that warmer weather will |
bring decidedly better markets :or
fish and other local p:o- |
ducts. BY summer. New Brunswick ,
and Nova Scotia should look nea ,ly
as attractive to sales representa-
ives as southern Ontario ana Quebec
"a more hopeful feeling is de-
veloping, however, in the prairie and
other agricultural regions. Better
prices for farm products are helping
tho Canadians as well as the farm
ars in the states. AS the Canadian
was slower in feeling the
effect of thi increase in prices
Of farm products, so. he will enjoy It
1t seems to be a fundamen-
tai principle of economics that the
legs about a year behind
the states both as to action and re-
action-deciine and recovery.
Hence. I say that while today con-
r better in the states, they
may be better in Canada next year. |
Business conditions are much like
I storm-they travel across the
country in waves. Each section |
gets the storm but all do not get
It at the same time.
We should be better neighbors
70 Canada. Some day we must turn |
to her for natural resources. Whsu |
our timber Is gonN: when our WA
Ter DOwer ia all daveIoDaNs whau a.