The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1929-01-11
GOOD BUSINESS
PROSPECTS FOR
1929 REPORTED
General Outlook Through
Nation Good, Federal
Survey Shows.
BY ROSCOE B. FLEMING
Times Staff Correspondent

WASHINGTON, Jan. 1.-THE
United States faces good year. In
austry and business viii be healthy.
Employment will improve, except
possibly among white-collar work
ers and unskiIled labor. Farm pros
poets are regarded as very good.
This heartening news results from
a special survey of industrial, agri-
cultural and business prospects for
1929. made by Francis I. Jones, di-
rector Of the United States employ
ment service, for Labor Secretary
Davis and Agriculture Secretary
Jardine.
Jones does not predict, as he did In
1927 Cor 1928, that several branches
of industry will reach a new high
level. Rather, he sees an all-around
healthy condition. The year 1923,
he thinks, will be outstanding in
the auto industry. The iron and
steel industry is in a healthy con-
dition, with prospects for further
Improvement. The textile industry
should improve. Building OF air
craft is expected to develop, and to
give work to many. The expected
road building program is described
as tremendous" and it is predicted
that building construction will equal,
and possibly surpaSs, that OF 1923.
Prospects Generally Bright
Rerorts gathered from the vari-
GUS states indicated that the pros
poets for prosperity are bright all
over the union, with the west coast
states leading in optimism, and the
mountain states and those of the
extreme south most modest, per-
haps, in predictions Of improve
, ment.
BY sections the survey showed:
New Expected improve
ment in the textile industry is like
" to bring normal conditions, or
nearly so, and the shoe industry
expects to maintain its improved
condition. Other industries report
generally satisfactory outlook.
New York and Pennsylvania
Prospects for 1929 reported much
brighter" in virtually all lines than
they were in 1927 for last year. Ex-
pansion of last part of 1928 expected
to continue. Work for everybody
expected.
Mid-Atlantic and south-Mary-
land, one of states hardest hit in
1928 depression, reports steady i'm
proyement. North Carolina, Ten
nessee and other states of booming
new south" report big factories go
ing up and plenty of work expected.
Alabama reports new factories and
increased work.
West Coast Optimistic
Midwest-Ohio expects work for
all except unskilled laborers. Indl-
ana expects to have employment for
skilled and unskilled. Michigan ex-
poets to have as much activity as in
1928 If not more Illinois sees ex-
pansion of many industries as guar
anteeing work.
Southwestern expects to
be able to employ all resident work
ers. Texas sees increased activity
both in industry and truck farming.
New Mexico reports expansion both
in industry and farming.
Pacific Coast-In California, many
new factories, increase in public en-
ployment work, in building, in oil,
mining and agriculture combine to
furnish a bright picture for 1929.
oregon and Washington both opti-
mistic.
Mountain fStates-Reports gene
rally not so optimistic as elsewhere,
although Colorado expects increases
in mining and oil, with new facto-
ries and building construction equal
to 1928. More farming to be done.