Evening star., 1925-09-26
BY ROGER w. BABSON.
,atch TO The Star.

upeclal Dispatch TO The Star.
WELLESLEY HILLS, Mass, Sep.
ternber 26.-During the past year the
readjustment following the war in
ration has been going on in a natural
fashion.
Taking the ten leading barometers
or business and comparing tie eight
months Of 1925 with the correspond
ing eight months of 1924, we find an
increase Of over II per cent in bank
ciearings; an increase of 16 per cent
IN pig iron production; an increase Of
b per cent in new corporations; an
increase Of IL per cent in new build
ing; an increase Of per cent in
freight car loading; an increase Of 9
per cent in commodity prices; an in
crease Of II per cent in imports: an
increase OF IA per cent in exports; an
increase OF 81 per cent in new capital
raised, and decrease in failures.
Surely this is remarkable record
and should completely close the
mouths Of pessimiSts who are bowling
about business conditions at the pres
ent time.
Great Economic Changes.
1t is true that the good old days,
when people We're able TO get some
thing for. nothing. are over. 1t is
true that merchants must sell a great
er volume and that manufacturers
must produce more volume in order
to make any profits today. 1t Is true
that people. in 1925, must use their
brains and Drawn to make a living
and cannot get on merely by their
wits, as was the case a few years ago.
Those manufacturers, merchants
and wage workers who are attending
TO business have no difficulty in max
ing a living. The volume Of business
Ao@0 te, tk,y, h<,fs
certainly statistics show that 1925 is
going to be a fairly good year for
those who are willing to work and
deliver dollars worth OF materials
and labor for every dollar received.
Variations in Prosperity.
II is dangerous to make one rule
TO apply to all commodities and all
locations. For instance, 1 would not
advise one to buy ahead certain COM
modities, such as rubber, hogs and
rosin. These products are all selling
very much higher than production
costs, and II history repeats itself
they will be lower before very. long.
On the other hand, certain other prod
pcts, such as bituminous coal, alcohol,
Iva thee and potatoes are selling too
low. These are all commodities which
are entitled to advance in price.
% industries. Shipbuilding. sugar re-
fning, some branches Of the clothing
industry and meat packing all seem
to be relatively quiet in trend. The
manufacturers Of cotton and wooden
goods. boots and shoes, and the like
show the effects Of hard times, though
recent tendencies are more encourag-
ing. These industries have much to
contend with and may show a decline
for the year. On the other hand, the
iron and steel industry Is picking up;
the agricultural implement business
and the fertilizer business are rapidly
recovering. The hosiery and knit
goods manufacturers are doing better,
while the people are clamoring for
rayon so that manufacturers OF rayon
products cannot supply the demand.
Times Poor in Sections
When it comes to a discussion Of
the different localities we find that
certain sections, such as the coal dis
tricts, are suffering with the present
conditions of the coal trade. Mines
are shut down, operatives are out Of