The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1936-01-04
in
AREON
6UNDFOOTINC
lar OF Legislative Inter-
Erence Holds Down Or
Hers For Local Plants
BTLOOK FOR THIS
| YEAR IS IMPROVED
Rec Plants We're 0perat-
b Day And Night Dur
ing Past Year
By J. T. FAM, JR.

hcertaintv over the future ac-
of the federal government is
Largest obstacle standing In
NAV Of industrial recovery in
karlv months of 1886, accord
% opinions expressed by IN
hal leaders in Henderson
y.
h operators here share prac-
b the unanimous opinion that
6ty on the buying market is
held up on account of fears
Be- future action of congress
i national administration dur
the present session of con-
is believed. however, that in
~ is on a sound footing and
recovery will be noted during
toming year if the federal gov
bent will follow a policy OF
tinterference and allow indus
| IA chance TO work out its own
blems.
lair advance orders for indus
} goods are held at the present
! by most mills in this county
the general belief is that buy
|are holding off advance orders
goods only on account of the
frtainty over policies to be fol-
Ed bv the federal government.
belief is expressed by prac-
ly all mill operators here.
SIERY ORDERS FOR
MONTHS AHEAD
E. KatzenmOyer, president
DE Chipman-LaCrosse Hosiery
/ states that the outlook for his
BERN is very good for the first
months of the year. Orders
pn hand to take care of goods
bout that length of time, but
FQices the general feeling of
ktainty as to what the latter
! Of the year will bring. There
lSays a feeling of uncertainty
Qsually a slump during an
! tOn year, ne points out. How
Mr.. Katzenmoyer expresses
belief that industry will make
Frial gains during the coming
is general feeling of uncec-
h is also voiced by Captain
Smyth. president of Balfour
Captain Smyth points out
buyers are watching the mar
cry closely and that they are
ling at the present to place
for any great future deilv-
pm account of uncertainty OF
pg legislation.
tain Smyth points out that
ar 1885 was not as good as
hn his business, due largely,
ileveS, to the low price re-
for manufactured goods,
hcreaSe in production costs
Ing from NRA and the cot
processing tax, and the in
in the cost of raw ma
!, due to a short cotton crop
Rnd abroad and to the AAA
pm of crop reduction.
ERNMENT MAKES
ON HARD TO GET
points out, for instance, that
bvernment has stored some
llhOn bales of cotton and
is unwilling to sell unless a
of - cents can be obtained.
IS due, he says, to the fact
the government has been
to much expense in the
Ie and care of this cotton.
addition to this, he points
pat there was a short cotton
thiS year of only about ten
p bales and that exports for
Ear are about a million bales
Of the same period last
The export increase he be-
TO 10 due to the fact that
and Brazil cotton crops
also shorter than had been
tied. In Brazil, he points
fouble was experienced with
p!l weevll and other things,
hng in a short crop. The re-
Is made cotton harder to get
e price has increased.
ROFlTS FOR PAST 10
lbs, is BELIEVED
errIng to increased produc-
'"StS, ne points out that the
and subsequent decrease in
and increase in wages, still
Fct, brought on an increase
ee-quarters of a cent per
IN manufactured goods,
ne points out, this was fol-
oy the AAA processing tax
II cents per pound on cot
UAnnued on page three)