White Bluffs spokesman. [volume] (White Bluffs, Wash.) 1907-1938, 1933-12-21
Much Greater
Buying Power
Is Predicted
VIVID CONTRAST IN CONDITIONS
OF LAST FEBRUARY AND
OCTOBER

Reports from every community form
the basis for estimated consumer in
come in the United States for the next
6 months, from November 30, 1888, to
be 1871 per cent Of the same period
wear ago and 81 per cent of the cor
responding period for the last 3 years.
On March 81, 1888, the 6-month con-
sumer- income forecast was 85 per cent
of the same period in.1932 and only 90
per cent Of the corresponding PERIOD
for the previous years The estimates,
based on statistics covering wide
range of business activity, justify eX-
pectation of very substantial increase
in buying power for the next hall year.
The Market Data handbook issued
by the Bureau of Foreign and Domestic
Commerce of the Department OF Com
merce quotes these figures, as complled
by the Brookmire Economic Service,
Maps accompanying the compilation OF
of reports show in vivid contrast the
economic position at the present Time
as against the situation that existed
before the National Recovery program
was inaugurated. The map attached TO
the forecast dated March 81, 1873,
based on February figures, indicate
flair prospects, in minute sections OF
eight States; good prospects" nowhere
in the country, and poor prospectus
elsewhere BY comparison, the map
dated November 80, 1885, based on Oc-
tober reports, shows good prospects
elsewhere over the country, with poor
prospects confined to only States
Regions in which industries are OPP
Grating under codes and the Presidents
Reemployment Agreement have SHOWN
remarkable progress over year ago.
Conditions are said to justify predlc-
lions that buying power for the next
months will range In industrial STATES
from 26 to So percent over the first hall
of 1893. In the cotton growing region
Anticipated increase in income averages
nearly so per cent over the same period
year ago. The Corn Belt is expected
to supply more than third increase IN
buying power than for the correspond
ing period.
In February last business failures
in the United States were 81 per cent
, of those for February 1882. In October,
failures were So percent OF OCTOBER
, 1882. Bank debts last February were
T 80 per cent of the preceding year. In
! October. 1O4 per cent, as compared with
October 1882. Last February, llfe-ln-
t surances sales were n per cent; IN
j october, "a per cent. Building permits
0 in February, SO per cent; in October, %
: percent. Automobile registrations IN
: February, 10 percent of February 1882
in October, ZIG percent, as compared
with October 1882 Farmers income
last February was at 78 percent OF the
previous February. In October, 1888,
G farmers income was 1873 percent OF the
previous October.
u Department store sales indicate
T. gradual progress toward recovery, Last
n January they were 40 percent OF the
J. 1923-25 average In January 1882, they
N had been 81 percent. BY August this
re wear department store sales were up tt
III SO percent of the 1923-25 average, While
le August 1882 had been only 49 percent
From 70 percent in September they hae
re grown to 76 percent in October 1888
~ Payroll increases in cities, due tt
~ MIRA, ranged from 100 to such substan
tial percentages over October 1882 a.
1853 in Pittsburgh, 1853 in Fall River, Ia
in Lynn, 1854 in Worcester, l3s II
Youngstown, 124 in Sioux City, l4o
3S Rockford ITO in Peoria, ISL In Trenton
and 1874 in Toledo. Considerable per
!lg centages of increase In building oper
In ations over 1892 were shown, as 3o3 Il
re Houston, ga in Fort Worth, 324 II
an Newark, 300 in Youngstown, and 3sZ Il
49, st. Louis.
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