Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-12-06

Investment Bankers Association. and
Hiram s. Cody Of the Mortgage Bankers
Association reviewed briefly conditions
which led them to agree.
Free Of Imitation.
Isidore Grosman, president Of Indus
trial Council of Cloak, Suit and Skirt
Manufacturers of New York city: Care
full scrutiny of our industry convinces
us that 1t is not confronted by any
thing remotely resembling a period OF
depression. Our industry has been free
Of imitation of any kind. Manufacturers
have successfully avoided overproduc-
ton, although they have not been mig
gardly in their commitments. We look
to an even and encouragingly high level
of apparel demand
H. s. KisSel, vice president of the
National Association of Real Estate
boards:
THE Government, social organiza-
tons and business organizations have
urged home ownership. They say that
the workman is stabilized, is a better
workman, If he owns his own home.
We think that is important to the in
dustries of this country, and we would
submit that a commission might be
appointed to study the very grave sit
uation existing in the taxing situation
Of this country as it applies to real
estate. We are looking forward, with
the return of money to the investment
field from Wall Street and from the
stock market, to next year as holding
a very much brighter future than we
have experienced in the last two years"
Alfred w. Donovan, representing the
New England Shoe g. Leather Asso-
citation: "A survey of the allied shoe
and leather trades of New England dis
closes that this industry has been going
through the stressful period since the
STock-market break in October with no
indications whatever of hysteria. Our
reports from the retail field, however
indicate that the merchants in common
with the rest Of the people. have taken
heart from the magnificent action Of
President Hoover and the adminiStra-
ton in mobilizing industry and COM
merce of the country, and are now look
ing forward to gradual resumption Of
normal conditions"
G. C. Hanch of the National Associa-
ton of Finance Companies: II am pre-
pared to assert, without fear of success
full contradiction, by experience, that
the unpaid contracts, the installment
debts, in the hands of finance COM
panies in the United States are and
will continue to be a Rock of Gibraltar
in sea of uncertain values.
There has been no indication of any
adverse effect on business due to the
recent stock market debacle, there has
only been normal seasonal reduction
Of value, and no noticeable increase Of
defaults and delinquencies."
Depends on Farms.
W.. z. McKinstry, vice president In
ternational Harvester Co., and president
National Association of Farm Equip
ment Manufacturers: I'VE don't believe
that the de1lation in the stock market
has had, or Is likely to have, any par
ticular direct influence on our bust
ness. In the first place, our business
has always been influenced by crops
crop conditions. and by prices prevail
ing for farm products. The farmer has
not been specializing in the recent
1920. and since that time he has been
gradually improving, and our industry,
the extent Of its ability, has tried to
furnish him with equipment that would
make 1t possible for him to meet the
situation and reduce his costs Of pro-
duction. I believe at the present time
he Is In better condition than he has
been for some time past"
S. L. Wilson, president American
Paper and Pulp Association:
According to a survey conducted by
the American Paper and Pulp Associa-
ton, the volume of business in the
pulp and paper industry is maintaining
without interruption the trends estab-
liShed during the first 10 months of the
year."
Sydeney Anderson, milling: 1.-THE
milling industry does not very readily
lend itself to temporary acceleration or
stimulation. But we certainly do not
expect, either in the near future, or In
the comparatively near future, any
diminution Of productive activity or
expansion
George D. Clds, jr.. president, Asso-
ciated Grocery Manufacturers of Amer
lea: Our members report almost uni
versal increases in advertising expendi-
lures for next year and normal plant
expansion. But it is far more
significant that not only the manu-
facturers, but also the various dis
trihut0rS nf Ororartne haya eya,.k a-l