The Caldwell tribune. [volume] (Caldwell, Idaho Territory [Idaho]) 1883-1928, 1923-01-16
IS
COMING THINK
ALL OBSERVERS
Hoover Usually Accu-
rate, Believes in New
Era for Economic
Progress Is Well Un-
der Way.

WASHINGTON Optimistic edi-
;orial writer's seem to have agreed in
their New Years cffusions that there
exists lots OF evidences Of returning
prosperity The Washington Star OBJ
serves that work is not as plentiful
as it was during the war years. when
men could pick and choose in the mat
ter OF jobs. but there is no consider
able number of men today out OF jobs
who really want them"
Whatever Herbert Hoover says is
accepted as sound preachin" by so
many people that it is interesting TO
know that as Secretary OF the De
partment OF Commerce. he has sub
nitted figures showing not only
highly gratifying revival in domestic
trade and industry. but a wholly un-
expected Improvement with respect to
foreign commerce. The net Of his
showing was tha; while statesmen
have been discoursing wisely. or other
wise. on how 10 restore world trade.
the traders OF the world have been
busily and successfully applying self
restoraiives Even the surplus OF our
farm products which has been the
cause OF so much gloom in agricul-
,ural circles. is managing to lind mar
kcts with the prospect that before an
other harvest the surplus will have
been reduced to normal. with cores
ponding reduction in rural discomfort.
Building operation maintain their
activities says Hap
py New editorial in the Washington
Post. which likewise observes: "Larg-
er demand for bank credit. as vouched
for By the Federal Reserve Board. is
a sure index to expanding manufac
ture. trade and distribution. One
specially encouraging feature OF the
business situation is that the advance.
while continuous. is so steady and
gradual as to give no indication oi
irenzied price fluctuations. The alb
sence OF such erratic movements not
only conduces to the carrying on OF
business without disturbance and to
the lifting OF it to higher levels still.
but also tends to the well-bcing and
OF the ultimate consumer,
who is generally the first to feel the
pinch wheu prices go suddenly up
and the last to get relief when they
fall. All classes OF citizens have there
fore reason for confidence that, for
them. 1928 will be a prosperous and
happy new year.
Railroads to Earn More
Net operating income OF the rail
-oads increased Sl45. 100000 last year.
a net profit rate OF 4.05 per .
,ent on the valuation fixed by the In
.erstate Commerce commission. as
against rate of 3.3 per cent in 1927
md small fraction of per cent in
o20. Railroad statisticians feel war
anted in believing that in the coming
ear the railroads will earn well over
per cent net. or close approNima-
ion to the SIS per cent designated
as a fair return Those
Who have summed up for 1921. com
nent to the effect that the railroads
low will be able to obtain credits and
o place orders for badly needed
and these equipment or
lers will revive activity and provide
work in hundred different lines.
other optim;sts dream on. One OF
hem writes:
"These revivals will, in turn, slim
late the demand for foodstuffs and
ther necessities; this stimulation will
n ITS turn provide additional tonnage
or the carriers. enabling them to buy
till more equipment. and everybody
viii be happy that the much-discussed
ircle is again in swing, this time
winging beneicially.'
Glory be