Evening star., 1924-02-23
Great Business Future Seen
For South by Roger Babson
New Foreign Trade Routes to Europe
and Pacific Expected-Road, Po,Uer
Projects and Railroads Booming.

year. Corn has advanced 16 per cent,
and sweet potatoes IA per cent. Hay
is of less value by about Z per cent
than last year. Oats show an increase
of 25 per cent and peanuts 20 per cent.
Winter wheat increased IL per cent;
potatoes. 4 per cent. and tobacco over
100 per cent. In the aggregate the
crops of Georgia are bringing about
lS per cent more money than they did
year ago. Industrial conditions
here are slowing up bit. but Atlanta
is destined to some day become very
large and prosperous city.
On travelling north into Tennessee
we find the value of the corn crop II
per cent greater than year ago.
Cotton, however. has lost q per cent;
hay, 6 per cent; tobacco, per cent.
and winter wheat, 6 per cent. Sweet
potatoes, oats and potatoes average
gains of about II per cent. The agri-
cultural income has loss of but
per cent compared with a year ago,
and is picking un industrially.
North Cardinals Status.
The value of the cotton crop in
North Caro- ina is more than so per
| cent greater than a year ago and
"orn also shows a healthy increase.
Tobacco, sweet potatoes. and winter
| wheat are averaging per cent above
| last years figures. The potato crop
| is about the same and hay falls sllEht-
\
, BILE last years figures and oats show a
22 per cent gain. From an agricultural
point of view the state OF North caro-
| lima is 80 per cent better off than 1t was
a year ago. Industrial tendencies, IN
, the meantime, continue Favorable, al
! though some few receSSlonS in textile
! mills may be noticed.
The increase in the value of the
Sotton crop also holds good Tor South
| Carolina. where it was moro than
! double that Of year ago. Corn here
| showed an increase Of 80 per cent,
| tatoeS and oats have increased in
value Is per cent to 20 per cent. Hay
| shows a decrease of about per cent.
! Three crops Of lesser Importance
show increases as follows: Potatoes,
Sc per cent; winter wheat. IS per cent;
! peanuts, 20 per cent. For all crops
! the combined result is an increase in
! value over last year of about 6S per
| cent. AGriculturalty South Carolina
| has shown the greatest gain in this
! group.
/ General Conditions Good.
! Compared with the rest of the coun-
/ try, where business as reflected on
/ the BabSonchart is running at l per
cent below normal, We ma that gen
eral conditions in these southern
states are favorable. Florida, for in
!! stance. shows gain of Is per cent
! in general business over year ago;
Mississippi is running IS per cent
ahead of last years figures; Alabama
shows 4 gain of IA per cent; Georgia
is leading by 8 per cent: Tennessee is
II per cent ahead of last years
figures; North Carolina has increased
IL per cent in twelve months. and
South Carolina shows a gain of 50
per cent. Failures in these states
show a decrease, with the exception
of Georgia, which registers no change
At all American ports foreign trade
has been weak during 1928, but fig
ures show that southern ports have
| more than held their own. am very
optimistic as to the future of foreign
| trade possibilities of Charleston
Jacksonville, Tampa, Pensacola. Mo-
bile, Norfolk to the north. with New
Orleans and Galveston to the south
and west. Heretofore the great trade
routes have been between New York
and Europe. In the future we shall
develop new paths for heavy inter.
national trade between the south and
| Europe and in the Pacific.
Construction Work Active.
! Construction work of all kinds is
| very active throughout this entire Sec
! ton. Road building is booming