Evening star., 1938-12-25
Special Dispatch to the Star.

NEW YORK, Dec. "a (N.AN.A)-
Wide advances in American industry
in 1899 are generally forecast by
editors of trade publications
throughout the country, spokesmen
for the industries and professions
their journals represent
Upturns that occurred in many
fields in the last few months of 1888,
offsetting depressed conditions in
the earlier months, are expected to
continue and expand in the coming
year.
The opinions of the trade editors
follow:
Joseph b. Mason, Eastern Editor.
American Builder - The stubborn
lag in durable goods produc-
ton will be greatly reduced in
1889 by a substantial increase in
residential building and housing. An
increase of from Is to IS per cent
in private home building is indi-
Gated. The further addition of from
$4,000 to 100000 dwelling units by
the United States Housing Authority
should bring the total number OF
new homes for the year close to the
1929 total of 100000.
Purchases by building operators
in 1899 will stimulate all forms OF
durable goods production as we'll as
transportation. An increase OF $l55,-
900 residential units next year will
create 10000 900 man-hours of work
at the building sites. 1t will create
an additional 465 100000 man-hours
of work in factories, forests, mines
and transportation.
Julian Chase, directing editor, Au-
tomotive misunderstanding 1889 1t
is likely that most passenger car
manufacturers will show gains over
1888 sales.
1t is generally believed that the
most significant effect on automo-
bile sales proceeds from the condl-
ton of the national income. Pre-
liminary estimates of the national
income produced during 1888 indi-
cate that it will be larger than an
ticipated earlier in the year. This
is sound reason for believing that
1889 will show a satisfactory. but not
spectacular, increase in automobile
and automotive-sales Twenty
five per cent is reasonable guess
at this time.
A. w. Zelomek, economist, Fair
child Publications-Activity in the
textile e-garment industries in 1899
will exceed that of 1888. The in
crease for the year may approxi-
mate at least 10 per cent above
1888. The gain in wool, rayon and
mems clothing may be slightly
greater than in cotton, silk and
Women's apparel. Total production
will, however, fall short of the esti-
mated increase for all industries.
Whereas in 1888 these industries
were in the vanguard as far as re-
covery was concerned, and were a
contributing influence in the gen.
eral business gain, next year they
will probably move mostly with gen.
eral business.
Retail outlook for 1889 is for an
increase in sales above 1888 close to
the estimated gain in income, which
is about 7l2 to 10 per cent.
James H. McGraw, jr., president,
McGraw-Hill Publishing Co., Inc
I believe that we can look forward
to 1889 with a sober and we'll
grounded confidence. Losses in 1898
have been substantially cut and a
strong foundation has been laid for
better earnings in 1889.
On the threshold of the new year
we have as backlog for confidence
a business recovery already we'll un-
der way; a sharp expansion in con-
sumner purchasing power as re-
suit OF increased employment and
pay rolls over the last six months,
and a well-marked upturn in the
heavy industries-particularly con-
struction and steel With that back
log, I cannot help but feel that
the average businessman will find
the prospects for better volume
and profits during 1889 definitely
brighter.
Ralph Smith, editor, Business
Week-Not since 1928 has the out
look at the beginning of any calen-
dar year seemed so bright as it does
now. Business has been moving up
ward fairly steadily and at fairly
brisk pace For the full year, in
dustrial output could easily be 20
per cent ahead of 1898, though per-
haps not quite as high as 1887.
Moreover, Government spending will
be an important contributor to con-
sumer purchasing power. The ma
tional income in the coming year
might well approach or exceed the
1887 level of $4,000, 100000.
Expansion of pay rolls and en-
ployment in the last six months has
laid the base for good year in re-
tail trade. Consumer expenditures
should begin to expand fairly rapid
ly in the spring. once confidence in
employment returns. Installment
volume should also begin to pick UP
sharply.
All in all, the outlook for 1899 is
for continuance of rounded re-
covery:
George F. Mclaughlin, editor Aero
Digest-Primarily because Of unset.
tied political conditions In Europe,