The Waterbury Democrat., 1932-12-30
Business Leaders Have Confidence In
 The Coming Year
Despite the Low Level of Business Activity, All of the Big Men of Nation Feel That the Turning Point Has Come

ware G Hudson Railroad corpora tion--I am of the opinion that we have now reached the low point and that we can look forward with confidence to improvement which. even though slow. will be steady.
 r. A. Merrick, president. Vest inghouse Electric & Manufacture ing company-The processes of deflation have about run their course, leaving the way open for q widely felt realization of this fact to start all the wheels turn ing and to keep them turning in an orderly. sustained return to nor nal.
 Alvan Cacauley, president. Pack ard Motor Car Colt is with the finest product in its history, q sound financial structure, low in- ventories and an enormous poten- tial replacement market that the (automobile) industry enters 1883.
 Y. E. Williamson, president, New York Central lines--A survey of the conditions facing us, and under which we will enter the year 1883 makes it exceedingly difficult 10 predict, with any hope of being right, what course business will take during the coming year.
 Gerard Swope, president, General Electric Co--We are hopeful that tures) will continue upwards.
 John J. Policy. president, New York. New Haven & Hartford Rail- road Col believe that the inn provement in business which start ed this fall should continue gradu- ally.
 Francis II. sisson, president American Bankers association and vice president, Guaranty Trust Co of New York-The American bank ing system as whole begins the New Year stronger than 1t was 12 months ago.
 c. r. Swift. president, Swift & Co-We hope to have q substantial improvement in our results in 1888.
 A. R. Erskine, president, Studc- baker corporation--Sales of motor vehicles. both passenger cars and trucks, for 1888 should show sub- stantial increase over 1882.
 William O'Neil. president. Gen. eral Tire & Rubber Co-Prospect of increases in the prices of crude materials in the near future is one of the most encouraging signs In the outlook for 1888 in the tire and rubber industry.
 Colby M. Chester, president, General Foods corporation--Dur- ing the year the (food) industry has shown a fair amount of re- sistance to the generally unfavor- able trend.
 J. B. Graham, president, Gra- ham Paige Motors corporation am of the opinion that business conditions generally have turned for the better.
 Joseph Wiltshire. president, Standard Brands, Incl face 1883 with more confidence and hope- fitness.
 II. A. Scandrett, president, Chi- cago. Milwaukee. St Paul and Pa cific Railroad Col hope for q gradual improvement which will be more in evidence next spring.
 Lester D. Seymour. president. American Airways. Inc--The com Ing year is bound to be good ono for air transportation.
 Alfred Reeves. vice president, National Automobile Chamber of COmmerce--ln some respects, tnc automobile industry in the United States has never exhibited greater internal strength on the eve of q New Years sales campaign.
 0. c. Huffman, president. Con- tinental Can Co. Inc.--The can making industry Is taking advan- tage of depressed business condi- tons to develop new products and new markets.
 j. C. Penney, chairman, J. c. Penney Col feel that our cxperi- cnce has shown the inherent strength of the chain store method of mass distribution.
 Earl D. Babst. chairman. Amer lean Sugar Refining Co--The sugar industries of II countries have fol- lowed the lead of the United States refiners fin promoting increased consumption.