Henderson daily dispatch., 1939-06-09
Babson Picks IL Fields
For Work for Graduates

to enter at this time. In reply, / say
it is easy to select an industry such
as air-conditioning, as offering the
best opportunity at the moment On
the other hand, if this is generally
recognized, air conditioning will be-
come overcrowded. ContrariWise, if
the general feeling is that the in
vestment business no longer has
good opportunities this very fact
may cause it to offer excellent op-
portunities for the few who enter it.
Therefore, l will name twelve in
dustries all of which look good to
me. l will endeavor, moreover, to
| list these in the order of their i'm
pOrtance.
a. Conditioning. especial
| ly have in mind air new
small houses and selling individual
air conditioning units. Hotels, offices,
restaurants, and stores in the south
and central west must adopt air
conditioning to survive.
(2) Chemicals.-Mos chemical
companies are already prosperous,
while the future offers untold posi-
bilities. We're I eighteen years of
age, l should go to a college where
could major in chemical engineer
ing.
(3) Alloys and Plastics.-Great
developments are taking place in
the sale and use of alloys, while the
platsic industry offers tremendous
opportunities. Most household arti-
cles will be made from plastics with
in few years.
| Machinery Business Booming
(5) Automotic Machinery.-Th
mistaken attitude of labor leaders,
plus the new wage and hour act, is
forcing manufacturers to purchase
more automatic machinery. Yet, prob
ably not more than 20 per cent of
the manufacturers are using as much
automatic machinery as they profit
ably could.
(5) Merchandising This includes
stores, mail-Order, advertising and
other features of selling Wherever
goods are made or whoever makes
them, they must be sold, irrespective
of the value of the dollar or the
character of our government. Train
ed merchandisers should always be
in demand.
(6) Electrical Equipment-All
divisions of the heavy industries
except building, are dull at the pre-
sent time; but these industries must
come back before the employment
problem is finally solved. Manufac-
turers of heavy electrical equipment
should be the first to prosper when
this Comeback" develops.
ca Household Equipment.-Th
are many other new forms of house
hold equipment which should come
into general use Ninety per cent of
our homes may become obsolete with
in few years. Homes will be pur-
chased in the future, not for their
appearance, but for their interior
equipment.
(8) Investment Banking With
the large amount of money now piling
up, the floodgates sometime must
break through. "Idle money ulti-
|mately burns a hole none's pocker." !"
After the stock exchanges are re-
organized and the SEC regulations
modified, the investment business
will again be prosperous.
(9) Gasoline and Tires.-Whether
one has an old car or a new car, he
must buy gasoline and tires. These
are both basic and repeat industries
They are always worthy of consid-
Grafton.
Autos Still Good Bet
(1O) Automobiles.-Alt the
automobile has come to stay the
market may temporarily be over
saturated. 1t is a sound and funda-
mental industry, but it may not now
offer the opportunities which it did
twenty years ago.
CID Automobile Accessories The
above criticism does not apply to
auto accessories-that is, manufac-
turers specializing in parts and gad-
lgets for automobiles. These ahve a
broad base to work upon. Their
manufacture does not require great
capital.
(12) Real Estate and Building
L am very bearish on old houses; but
some day there will be a building
boom of small modern houses. The
current revival may well be the be-
ginning of the boom. Pre-fabricateo
houses interest me greatly. I also be-
lieve there will be a great demand
for small farms, especially in the