Henderson daily dispatch., 1943-09-03
Babson Is
Economist Sees Demand
Tor Large Production
OF Consumer Goods
Following War
BY ROGER ". BAnSOS

records since Pearl Harbur moods ,n
DC sold on the business and m,r,-
| scrlal abilities of American men This
goes Tor the executive urn,p tbn
workers, the farmers ard the small
Town businessman. For duynriubt
Splilty and Il knowledge Of business
/ practice, learned the hard way his
latter group is tops. Most heads uC
our leading corporations, Industries
ana churches came from the smaller
cities and towns. Hartford. where
am today. is filled with them. have
been much Interested in wa,rhinT
me tremendous crowds of all types =
thcy leave their offices and factories
AT the end Of the day. All are tied in
To the immediate outlook for buyi-
ness.
Industrial Activity
since our participation IN the wor
the production of raw materials md
manufactured goods has conferred i'm
ornaments and foudStuliS. The LATEST
aIi'I;lDlc monthly figures show ST.
oo9, OnoOO0 in merchandise exported
abroad. This is double the amount
lof me same month of last ven,
helicc although the character of Goods;
10 De shipped may change. When Ger
many Is Drought To her knees. the
fehaDllilallon of Europe, patterned
alter what Is now going ON in North
AFRICA, should mean continued indus
trial activity in the United States On
Il high level.
Inc outlook on steel. coal. oil and
farm products may bc well main
tanned. Gold production. nuw practi-
cally at StandStill, should rise
sharply. The accumulated dcma,:d
Tor civilian goods must be met. The
general public is mostly out of debt
and has as lis command ain extreme
~ large volume Of buying power
This is probably in excess of S5U.-
OOO,0OO. Thus, from foreign and
domestic requirements. the outlook
for general activity seems favorable.
Employment
President Roosevelt has already an
nOunccd The administrations plans
for the care and employment of re-
turning service men. These are i'm
rough form now and must cinally be
approved by Congress However, the
intent is plain. Through jobs, subsi-
dies. or schools, these men will have
an opportunity 10 rc-Orient them
~.
ploymcnt his now reached Il peak of
G2, 4O0.000 persons. This is 6,5OO.OOO
more than the nations peacctimc
labor force.
Employment of ablcbOdicd men,
in one form or another. should con-
tinuc for some years. II is obvious
that temporary slump may occur
Immediately after the war: DIit fol
Il
mcnt period. some kind of employ
mcnt should be valuable for all mon
who want 10 work. Considering for
cign competitor in manufacturing af-
ter the war, we simply cannot afford
10 maintain an unemployed male
group of any size. What will happen
TO the women do not know.
Agriculture
What with victory g@rdcnS and
chicken raising. more people than
ever before are getting Il taste OF
farm problems if in only the simplest
of terms. Many city and suburban
folks have raised too macy vcgc
tables this summer. Hence, they nave
become ;cQua!ntcd with SuypluScs.
Those with chickens in the backyard
are having little difficulty IN gel
ting feed. Grain is both hiGn AID
scarce. Thus. those amateurs acquire
a knowledge of ScarCiticS. 1ncIdCn-
tally. on farms lone, chicken pro-
ductioI is up l6 per cent over a year
ago.
We shall have continued need for
sometime for all that can be produced
from the soil. This goes for poultry.
beef, produce and grain, Total food
production for 1913 will be only about
1 liz per cent ..boVc the record high
OF 1912. Out put of livestock and al
lied products is high, but these arc
being offset by smaller crop yields.
The administration has under way
dcfi:.itc program 10 increase food
production next year. We arc har-
vcsting $1,000. 900 CrcS OF wheat this
year. Next year Washington wants
10 see "a. 100000 acres under cuitiva-
ton.
Retail Trade
Retail trade has been excellent
The last S,X months of the year may
show a decline in volume compared
with year ago. This could amount
To as much as 20 per cent. Consider
ing the overall picture. il is moth
i.g for retailers ii worry about In
terms of dollars volume. retail trade
has been advancing for the past three
years. There is such u backlog Of
funds in the pockets OF individuals
| that as new and additional consumer
goods become available most eff
cicnt retailers should have a favor
able outlook.
AS examples of what people are
waiting TO buy, believe there Is an
immediate market for the following:
automobiles. 5000. O0G-thc company
manufacturing one low-priccd car
alone is said 10 have production
| plans for hslf this number in the
first year after Germany collapScS;
rcfrigcrators. 1.725.000; was h / II 6
machines. .275.0OO: stoves, 100000;
radios. l.35O.000: sewing machines
$50. 900: electric irons. 100000;
household furniture. 2,l50.OOO pieces
or sets rugs and carpets. ,625, 00C
| ;tcns And of course, there re va