Perth Amboy evening news., 1923-02-17

WELLESLEY, HILLS, Mass, Feb
17.-Roger w. Babson, at the be-
ginning of each year, makes a per-
sonal trip of inspection throughout
the United States, comparing actual
conditions with those reflected by
the statistics. Although his trip,
covering some 80 states and 28
leading cities is not yet complete, his
findings in New England as outlined
in authentic statement given today,
shows that section of the country
in good condition.
The business depression which
has been moving like d storm wave
across the United States during the
past two years" SAYS Mr., Babson,
started in 1919 in Connecticut. To
be exact, Bridgeport, Conn, was the
first city to really suffer. During
1920 entire New England was under
the cloud and unemployment was
prevalent throughout the states of
Maine. New Hampshire, Vermont,
Massachusetts, Rhode Island and
Connecticut. Before II other Sec
tion--with the possible exception of
the South-experienced trouble,
New England was in the midst of a
business depression. In accordance
with the law of action and reaction,
New England would, therefore, be
the first to Gov Improved con-
d~itions, therefore. made their ap-
pearance late in 1921. If it had not
teen for the textile strikes of last
year, 1922, would have been a very
good year for most of this section.
Owing, however, to these textile
strikes-which were not settled I'M
til the latter part Of the year-New
u n O10 nd hfIcinnco hos hold hnn1y
Conditions now are reasonably sat
isfactory 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 products:
New Hampshire's cotton mills are
working full capacity; the wooden
and most of the other industries of
Massachusetts are in good shape;
Rhode Island is very busy, and Con-
necticut is coming back as rapidly
as can be expected. OF course, Con-
hope gone forevec-but the manu-
facture of hardware is growing.
Owing to the great era of suburban
tuilding-due to the automobile
the demand for Connecticut hard
ware should be very great for some
years to ONE Vermont is the only
New England state which is not
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, Mass; Manchester. N. H, and
Portland. Me. The shoe cities of
Lynn and Brocton show some i'm
provement 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 proflting from the good invest
ment conditions Of today. New
England is the home of investors.
Hence. when stocks and bonds are
low, New England feels poor. To-
day, however, with a strong stock
pie feel o 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
I shall sell more Fords and in other
sections more Lincolns in 1923; but
in New England L expect to sell
more of both grades OF cars
Land is still reasonable in price
throughout these six states People
coming from other sections of the
country are astonished at the low
figures quoted on the finest subur-
ban land, especially within ten miles
of Boston. Good land for building,
with all conveniences-such as wa
ter, gas and electricity can be
bought for twelve cents a foot and
the choicest lots can be secured at
twenty cents. This mean that the
suburban development in New Eng
land should be very great during
the next few years. Consequently
there will be a keen demand for
building materials, and both skilled
and common labor. New England
is fast becoming the great summer
play ground of the United States
as people go to Florida and Cali
fornia in the winter. they visit New
England in the summer.
1.-THE growth OF the summer bust
ness conferences which we hold ev-
cry year at Wellesley. reflects this
tendency. Each year, for three
years, the Babson Institute has
been obliged to build a new and
larger auditorium to take care of
the visiting business men who came
hafuuaan T,IY 9Efh aAd AJ1o,,sI nth