, 1923-02-18

sections of the United States.)
WELLESLEY HILLS, Feb.
16.-Roger w. Babson, at the
beginning of each year, makes
a personal trip of inspection
throughout the U. s., compar-
ing actual conditions with
those reflected by the statistics. Al
though his trip covering some 30
states and 26 leading cities is not yet
complete, his find ngs in New Eng
land as outlined in authentic state.
ment given today, shows that section
of the country in good condition.
The business depression which has
been moving like a storm wave
across the United States during the
past two years" says Mr.. Babson,
STARTED in 1919 in Connecticut. To
be exact, Bridgeport, Connecticut
was the first city to really suffer.
During 1920 entire New England wal
under the cloud and unemployment
was prevalent throughout the states
of Maine. New Hampshire, Vermont,
Massachusetts, Rhode Island and
Connecticut. Before any other sec
tion-with the possible exception of
the South-experienced trouble, New
England was in the midst of a bust.
ness depression. In accordance with
the Law of Action and Reaction New
England would. therefore. be the first
to recovcr Improved conditions,
therefore. made their appearance late
in 1921. II It Ind not been for the
textile strikes of last year. 1922
frn1l1H h tya hahn n I.arHy rood yna~ fnt-
most of this section. Owing. how
ever. to these textile strikes-which
were not settled until the latter part
of the year-New England business
has held back. Conditions are now
reasonably satisfactory and these six
states are all doing well.
"Maine-although suffering from
an unfortunate potato CROPS en-
joying an increased demand for pulp,
paper and her other ~protucts; New
Hampshire's cotton mills are working
full capacity: the wooden and most of
sets are in good shape: Rhode Is
the other industries of Mnssachu.
is coming back as rapidly IS can be
and Is very busy. and Connecticut
expected. OF COURSE. Connecticut
war york is sUne-and / hope gone
1OTeNeT-DuI inc manufacture Ol
hardware is growing. Owing to h
great era of suburban building-duo
TO the automobile-the demand for
Connecticut hardware should be very
great for some years to come. Yer.
mont is the only New England state
which is net showing much activity.
Readers desiring to sell goods or
secure employment in New England
should visit such cities as Spring.
field. 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 Providence Is not as active as
Springfield and Worcester. All New
England cities are profiting from the
good investment conditions of totay,
New England is the HON of invest.
ors. Hence, when stocks and bends
are low, New England feels poor.
Today, however. with a strong stock
market and n good bond market. peo.
pie feel more like spending money.
This means that not only are the
wage workers of New England buy.
ing merchandise but the well-to-do
are also freely spending money. To
quote Mr.. Ford: In some sections l
shall sell more Fords and in other
sections moro Lincolns in 1923; but
in New England 1 expect to sell more
of both EraCes of cars
Land is still reasonable in price
throughout these six states. People
coming from other sections of tho
country are astonlshed 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
twelve cents a foot and the choicest
lots can be secured at twenty cents.
This means that the suburban de-
velopment in New England should be
very great during the next few years.
Consequently there will be a keen
demand for building materials, and
both skilled n common labor. New
England is fast becoming the great
summer play ground of the United
States-as people go to Florida and
California in the winter. they visit
New England in the summer
The growth of the Summer Busl.