Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1927-12-28
TEXAS DAILY PRESS LEAGUE
Good Outlook For 1928

Business leaders throughout the United States
are unanimous IN expressing the view that the forces
Of stability are now dominant in the business world,
and that the outlook for greater prosperity in 1928 is
good.
The credit situation has shown marked improve
ment the past month. tbs domestic demand for both
manufactures and agricultural products is showing q
steady gain, economic conditions in the foreign mar
kets are steadily improving, unemployment. except in
the mining regions where strikes still prevail, is al
most unknown, and every agency which contributes
TO the prosperity of the nation is flnctioning smooth
" and efficiently.
During the past year there have been many inn
portant shifts in our economic world which have an
important bearing on the future. While the average
wholesale price Of all commodities at about 80 per-
cent above pre-war prices, is the same Is a year ago,
yet when they are divided into agricultural and nom
agricultural goods. il will be found that the average
price or the non-agricultufsl products has fallen in
the twelve months from about so per cent above pre-
war &c 81 per cent pre-war; while the average Of ag-
ricultural products at central markets has risen from
about 50 per cent above pre-war 10 about 53 per cent
above pre-war. However prices on the farm show
only a rise Of about 80 per cent above pre-war to
about 80 per cent above pre-war.
Manufacture and distribution have by savings and
diminished profits Accommodated themselves TO this stu
alton Of decreasing prices without reduction in the
average level Of wages and therefore N the national
buying power. But the great extent % which indus
try has Accommodated Itself to lower prices b. de-
creased costs makes for 6 sounder condition for the
ensuing year. Despite decreasing prices, production
and consumption 81 manufactured commodities have
been maintained upon a high level, as shown by car
loadings 81 class Of goods which have been ABOUT
equal TO those OF last year.
One Of the most favorable indications is that IN
Relation to agriculture. The steady rise in the central
markets and the slower though eorrcspondingly steady
rise ia the farm price, indicates that agriculture viii
soon be on parity with industry in relation 70 profits.
an encouraging indication Of the past year which is
tending Il equalize the spread" between the farm
price and the central markets, has been the organiza-
tion and analggmnuon of Cooperative While this
movement has affected most generally the staple
crops, it is spreading rapidly to include the growers
Of perishable, and during The coming year the De
partment 81 Agriculture win extend ita efforts toward
greater cooperation W an agricultural areas with the
object Of further eliminating the difference between
the cost to the consumer and the price received by the
grower.
Business leaders throughout the United States
realize that farm prosperity is fully as important to
the general prosperity ~ the nation as is industrial
prosperity, and viii make greater efforts during 1928
10 equalize the profits of these industries. They realize
that what the agricultural interests refer to as "lop-
sided" prosperity is not real national prosperity and
that il is 20 the national interest 70 correct this stu
alton.