Every evening, Wilmington daily commercial. (Wilmington, Del.) 1878-1928, 1923-01-08
MORE PRODUCTION IN
BASIC INDUSTRIES
Warrants Belief That Improve
ment in Business Conditions
is Substantial.


mo change from the favorable ten
denuca I'm business Is noted ~ the
new year opens" reports Dun's Re
view, 'and IN some quarters the gains
have been further extended. A the
results OF 1922 are Analysed, AZ becomes
increasingly manifest that the early
promise ~ commercial revival was
exceeded IN different issues. and that
tho adverse fplluro exhibit is mainly
reflection OF past depression. An
advance OF about 10 per cent In fhe
wholesale commodity price level a one
OF tho evidences of marked recovery
but tho rise IN production I'm some basic
Industries In stal more significant
feature"
West g. CO. say: '"rhe extreme opu-
mism that charterizei tho turn 81 the
year and tho gound position occupied
by most ~ our industries ere On them
selves euflcisnt 20 account for the
strong stock. market Predictions ~ n
steady march forward 60 prosperity
arc heing accepted generally, and
there seems 20 be no good reason why
theae should not materializr Good burl-
nose conditions should obtain during
q least the first helf 81 1923. Further
than this we would hesitate 90 predict
We look nleo FOR better bond prices "
lioyd's Rank. Ltd. Of London. FayH
'COndiicna nre abnormal, but 20 Far
ts possible normal remedies should 10
sought The exceptional unemplOy
mont IL largely tho heritage Of the
war. hut an additional factor IN ~ 10
Ia a. fnrt
ships resulting from tho four years en-
deavor~ 60 arrive NJ a peace eettle-
mont. 1Iirse endesvofu have not beer
succeeaful. largely 10y reason 40 th'
nations pursuing selfish policy NJ
| purely national interests. irreRpectiv'
| ~ the wider aspects OF iu,ernntiona
solidarity"
Dun's itsviow sayp. rho rcrrd q
| Iron and stcel output leaves no dUup
"a ~ tho decisive character Of tho I'm
| luuvoment IN that quarter. while IN
| building construction boom has had
| largo Influence IN strengthening con
di.ions generally. In Wow ~ the far
| hat many " tho weak epoir have beef
eliminated. there SCENE reason 90 OK
| root n continuance 81 tho upwnr'
trend 80 business. despite tho forelFi
| complications md -urne other element
" uncertalrrr. WITH msrchandse'
stocks well liuuldated IN innat carer
buying Tor repioniahmeut ~ ~ large
volume. aud ~ ~ nm encouraging aif.
that there +. not moro disposition q
anticipate future requirements"
A hnd been fpreshatiowed. tho nor
year opened with textile markets. q
n flrm positlcn. and with an upwsr
price tendency in difrerant quarter,
The higher lsvsle already named Z
primary diviElona will later 10 pas=s
on 10 tho couuteru. but intHca don,
point 20 continued reeiatenro To I'd
vanced pricoa In consuming channoi
An encouraging feature ia tho IN
creaaed buying iDwer and diapo~'tio
In agricultural sections. which n D.
ginning to 10 reflected IN moro IT.
qulr1ec for gooda Tor future deliver,
Tho now ycnr started with text
production NJ n high point, aorr
mills running overtime. and tho gene
al labor outlook I'm tho industry ~ MOI
favorable than was tho oaea n yri
Rgo.
The rniirnadr OF the country aho
not operating income OF 17s. $50, 900 Z,
Novcntbcr. equal to n rate Of 4.46 ~
cent per annum on their property q
vcstincnt. The total compares Wi
St6,sss.o00 for tho Same month OF 1921