Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1937-10-08

every region. Wall Street is natural
ly blue, but fundamentals are sound.
Higher payrolls and better retail trade
from other sections will help the in
dustrial northeast. ~
The South is in good shape. Condi-
lions in the farming regions have been
ideal. The cotton and tobacco crops
are enormous this year. AS result,
cotton prices have fallen drastica1ly
and tobacco is lower Nevertheless,
total buying power will top the 1886
total. Textile mills are slowing down
through the Piedmont area. Manufac-
turing plants of all types report
slackening in orders. Yet, despite this
temporary setback, most of the
South offers good sales possibilities.
Middle West Average.
East of the Mississippi and north
of the Ohio, business conditions
while slackening off-are relatively
good. The automobile industry has
been a life-saver in building up trade
and developing the buying power Of
thousands of wage workers. Rising
rents are keeping home building &C
tive despite higher construction costs.
Retail trade in this section is from
five to ten per cent ahead of last year.
Despite the current let-up in motor,
chemical, shoe, steel, and other in
lustries, no sharp curtailment is ex-
pected.
West of the Mississippi, conditions
are more spotty. Some. farming COM
munities are much the richer for this
years harvests, while others, where
crops are only fair, are still just drag
cling along. Livestock prices are high,
! but because grazing conditions are
good, animals are being held off the
market. Real estate is very dead in
his section and new building is slow
ng down. Nevertheless, as corn and
livestock are converted into cash,
u1ch areas as Missouri, Eastern Ne
5raska. Kansas, parts of Iowa, the
| 0akotas and Minnesota are set for
heir best autumn business in years.
Southwest Booming.
BUSINESS is really booming down in
no Southwest. Lower cotton prices
/ ,ava taken some of, the edge Off
rexas and Oklahoma's hilarity. but
/ his section is still just like boom
own" Oil drilling is close to an all
lime high. Retail trade is way over
last years figures. Jo5less workers
ire scarce. No real let-down appears
o be ahead in these states. Winter
ourist business promises to be best
N record with this entire section
| ,enefiting. I am very optimistic on
both the short-term and long-range
futures of this rich and growing. en-
pire.
il Business is also fine in the Rockies
from Pueblo to Spokane. gooe
year in mining, steel, and other heavy
Industries has helped many commun
ties and favorable crops and grazing
/ conditions have aided others. Recon
,asing in metal and wool prices will
naturally force some postponement O.
)uying over the next few months
Even so, department store sales ar
roughly seven per cent above yea
ago. A moderate slowing down will
lot hurt the mountain area, however
for it has just experienced one of tn
best twelve month periods in it's en-
tire history.
Pacific Coast Spotty.
General business on the coast-pal
.icularly in the Northwest-is abov
:, year ago. but there has been a shar
drop in retail trade and building re
Gently. Crops have been favorable an
farmers of Oregon and Washingto
are sitting pretty. The labor situation
however, is critical. San Francisco
suffering from it's third maritime tic
up in four years. Lumber orders hav
dropped perpendicularly as buildin
all over the nation and on the coas
slows down. Tourist spending in Call
fornia and good crops in Washington