New Britain herald., 1929-11-23


 optimism the like of which has never before been seen after major stoc.i market break.
 Business Must Rustic Orders
 All that remains is for business 70 go out after orders, in the opinion of administration authorities.
 optimism was the keynote of 2 statement issued last night by Presi- dent William Green of the American Federation of Labor. Green said all factors which make for speedy in- dustrial and economic recovery are present and evident
 "Witlin q few months" Green said. ''industrial conditions will be come normal confidence and stabil- fly in industry and finance will b" restored and labor, strong and aG- gressivc will be prepared to demand and secure higher wages and q greater do9rc" of lrisure.'
 The United States Chamber of Commerce. has called d general buei- ness conference here for December !, when the buSiness world will take on its own shoulders the task Of following through under the mOmen- tum mustered by President Hoover.
 Additional favorable news has developed in the last 24 hours.
 Heads of the construction indus try told the president a total of s. 200, ,o00.0o0 will be spent hy the fed eral government. states counties anl municipalities on road and street construction next year plus many ! more millions in public and private building
 Railroads Plan Expansion Railroad heads meeting in Chi cago telegra phed the president they Lopad 10 buy more steel and other materials than last year when one and q quarter billion dollars was set aside for Improvements. Rails to- tallnG 2,5o0,G0O tons are expected to br bought next year.
 This program" the White House said. twill assure larger employment in the railway equipment industry next year and very substantial ad dition to the railway demands for steel"
 The fedcrGl reserve board has ap- proved reduction of tho reGiscount rdt" to f 1-2 per cent for the Chi ca@o I'ederal Reserve bank. which vii! aid industry in the middle west in obtaining money at low rates for expansion activities.
 President Hoovcr's law enforce meut commission is investigating the effect Oi bad housing on crime and ! expects that it may lead to large . building programs for cities with badly congeSted sum districts. Public utilities electric and gas plants and street railway heads will meet in New York Tuesday to can ysss the outlook for expansions which may run into millions
 The department Of commerce re- ports business activity &s indicated l by checi, payments was substantial- : ly greater for the week ending Nov. 16 th&n for the same week 2 year &go though there was some decline from recent high volume.
 One Of the big fac;s which the president hopes will be pouudcd in | by business men themselves is the needless waste that occurs from win ter building depression. An investi- gation made while he was secretary of commerce disclosed th2t in south- crn and Pacific states where win 1 lers are mild. builders often went in- to hiberna'ion in the winter just as they did on the Canadian border.
 President Fooyc;'s experts were convinced that this was not only needless To i time in tho warmer statcs. but tha: much build;H3 can 50 forward in northern states in win ter months. The machine age has i transferred into the heated factory and mill much of the work which vas once Gcno on the job. This can 20 on regardless of outside weather 3lso the materials SO produced often may be put into the construction job regardless of the weather
 The tremendous savings through , easier labor supply, often cheaper commodity prices, and the ability 10 ! gavc interests by getting the build iu@ into U@e earlier are cited as req aon3 why enlightened snlfishness should dictate more steady year | around building. The country would . benefit inestimably, thOs" experts i hold, by the better balanced industry . that would thus Gc spread more evenly throughout winter and sum- mer months alike.
 The president held no general con- ference today. The last enc schedul- cd is with agricultural leaders Mon day morning. Utilities heads will meet with him at some undetermin- ! cd Cato