The Waterbury Democrat., 1935-09-11
ROGER BABSON GIVES REPLY TO
 QUESTION BOX
Noted Statistician Ex- pounds Views on Present
 and Future Business

Wellesley Hills, Mass, Sept. II. l-(UP)-Living costs are already starting upward and further rise lies ahead in the next few months, Roger w. Babson, noted statisti- clan, said today.
 In his annual Question Box" in connection with the 22nd annual national business conference, Bab- son said this trend should be watched carefully, because it is of extreme importance that the cost of living does not get out of hand right now"
 "The president will obviously do all in his power to keep living costs within bounds" he said. Such an insistence on his part is both sound economic and good politics"
 In answer to a question regard ing the effect of Huey Long's death on the general political situation and his "share-the-wea move- ment, Babson said that "bullets never killed an idea" and what ever value lay in Longs program would persist despite his assassina- tion.
 Long's Moves On Wane
 Personally" Babson continued, T consider that his "share-the- wealth" movement was on the wane. His third party threat was also fading fast"
 Other questions and answers in- cluded:
 Do you not consider that these billions of dollars which have been given to President Roosevelt will be spent unwisely to assure his re- election?"
 "Im not in the least worried about all this money MT. Roosevelt has been given. The only enemies I've got in the world are the peo- pie I've tried to help ."
 What do you think about the presidents breathing spelp let ter?"
 "I think the presidents letter is like the act of a man whose sup ply of liquor has been entirely ex- take the pledge"
 Buy Now, His Advice
 What about Infiation?"
 "We are involved already ir credit imitation. Higher prices arc inevitable. My advice is to buy now. Any contemplated building should be done now rather thar waiting any longer.
 Babson said the sales prospects just ahead were the best since 1929.
 Speaking on the "outlook for bonds," Lewis c. Gates, Babson in vestment expert, said the investor faced a trying situtaion in attempt ing to invest funds safely and still obtain a satisfactory yield.
 While everyone recognizes that the huge supply of surplus funds is a major factor in causing low in- terest rates, there is another. vitally important factor" he said. 'I re- fer to the potential treasury sup port of the government bond mar ket. If the treasury withdrew its support from the government bond market, we would undoubtedly see lower prices in this group. |. . Therefore it appears that the treas ury support of the government bond market Is a very important factor in maintaining present low money rates"
 Gates said indications pointed to a continuance of firm bond prices during coming months.
 Biggest Single Factor
 IT. Clyde Baldwin. a Babson staff economist, saw in the farmers in- creased income the biggest single factor as force for business re- covery.
 'It Is from him (the farmer)," he said, "that continued impetus will be given. not only to the con- suming industries but to many lines of heavy industries.
 "The whole business structure shows signs of more definite and sustained steps in recovery than at any time since 1898. But not all industries advance together. Some develop strength early in depres- sion, but others lag until the lat ter part of recovery"