Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1924-11-20
PRICE RISE
AVID RECOVERY Of
EUROPE FOREMOST

WASHINGTON, Nov. 1.-THE ad-
vance in agriculture prices, the be-
ginning of sound policies in German
reparations and the recovery Of
American industry, aside from ag-
riculture, were characterized as the
three outstanding features OF the
past fiscal year in a review of bust
ness conditions made public today
by Secretary Hoover.
While there was some slackening
in activity in some lines during the
latter part of the fiscal year, the
review said, there has since been a
complete recovery.
'"The increasing stability in agri-
culture" the secretary said, lis fur
Their marked by the fact that whole
sale prices Of food products show a
continuing decrease in spread as
compared to farm prices. The rise
in agriculture prices, while in a
large part due to general world
economic readjustment and to settle
ment Of European economic con-
gree by local and special causes such
as the decrease in corn crop and the
fact that the abnormal world wheat
crop Of 1928 swung over to a slightly
subnormal crop of 1924"
Better Transportation
Secretary Hoover declared trans.
portation facilities for the last year
ar IN f0v + l,o
first time since long before the war.
He pointed to the greater stability
Of foreign currency as another fac
tor in the economic betterment OF
the country, and declared conditions
generally have been aided by the
ratification of the Dawes plan.
The foreign trade Of the nation so
improved during the fiscal year, the
secretary said, that Americas ia.
vorable trade balance increased from
$176, 100000 in 1929 to $757,00O,.
900 in 1924. This was due prin.
cipally, he said, to the increase in
trade with Oceania, South America
and Asia.
According to data collected by the
department of commerce for the
biennial census of manufacturers,
1923, it is shown that the establish
ments enga ged primarily in the
manufacture of textile machinery
and parts reported products valued
at $140, SCI 1858, showing an increase
of 81 per cent as compared with
1921, the last census year. This
classification covers all classes OF
textile machinery, including machin
cry for bleaching, dyeing, printing
mercerizing and finishing
Totals Classified
Of the total value of products re
ported for 1923, $35, 036,652 was con
tributed by fiber-to-fiber machinery
pickers, carders, rove spinners
winders; $50, 402,137 by fabric ma
chinery, looms, knitting and braidine
machines; $10,276,721 by machinery
for converting and finishing yarn
and fabric, bleaching, dyeing, print
ing, mercerizing, finishing, and $50,
540,815 by other textile machinery
including extra parts, attachments
and accessories; while the remaining
$14 495, 033 represents the value OF
repair work and contract work done
for others, and of miscellaneous
products other than textile machin
cry.
Massachusetts, the leading state
in this industry, reported products
valued at $67 ,779,712. or 1872 per cen
of the total; Pennsylvania was sec
ond with $21, 348, 469, or 1872 pei
cent, and Rhode Island was thirG
with $18.994,165 or 1875 per cent
The combined output of textile ma
chinery reported by these three
chinery reported by these three
1863 per cent of the industry total
OF the 42S establishments report
ing for 1928, 1877 were located in
Massachusetts, seventy in Pennsyl
vania, ftfty-six in New>Jersey, fifty
one in Rhode Island, twenty-four in
New York, seventeen in Connecticut
fourteen in North Carolina thirteen
in Georgia, and the remaining forty.
six in fifteen other states.