Babson assesses business barometers amid market nerves
Wellesley Hills June 22 Roger W Babson analyzes key business barometers to assess prosperity. He notes psychological depressions in business and stock markets over six weeks but argues current facts show no imminent catastrophe. Prices at 78 percent above normal, farm prices 79 percent above the 1900s average, with few failures signaling health.
MENTIONED IN THIS ARTICLE
Wellesley Hills
Roger W. Babson
Mr. Hobson
Business Conditions and Credit Trends in Postwar Era
The text notes that business failures dropped to the lowest levels since records began through 1919 and early 1920, signaling improving fundamentals. It compares loan volumes, with National Banks lending about 11.5 billion now versus 12.415 billion at the boom peak, and discounts falling from 2.827 billion in 1920 to 730 million. Money is plentiful and reserves strong, reducing risk of loan cuts. Imports are rising, aiding Europe by easing external strain, though initially unfavorable for near term outlook, but favorable in the longer view as Europe can repay in goods.
MENTIONED IN THIS ARTICLE
Federal Reserve Banks
Europe
United States Steel Corporation
Babson sees mixed 1923 outlook with cautious optimism
The report notes export weaknesses yet improving money markets and transportation relief from 1920 shortages. Wages rise modestly in building trades while steel production remains solid, gold movements threaten inflation risk, and building slows before a needed upswing. Anniston, Alabama, claims status as a major cast iron pipe producer.
Sheriff hunts whiskey thrower near Erie tracks
Ashland Ohio June 22 Sheriff Barr seeks a person who left two gallons of whiskey in elderbrush near the Erie railroad tracks. Owners may pay a 500 dollar fine on identification. Phillip A Meyers prominent club woman dies after lengthy illness. Robert Morganstern seven badly cut when fleeing a wagon driven by W T Windsor of Akron. West Virginia bricklayers and plasterers form a State organization with about 1000 members.
MENTIONED IN THIS ARTICLE
Ashland
Barr
Erie
Myre
Phillip A. Meyers
Robert Morganstern
W. T. Windsor
Akron
Rheuma ad promises relief or refund
An advertisement claims Rheuma today can cure rheumatic suffering or provide a full refund if not convinced, attributing the offer to C. W. Phillips.
MENTIONED IN THIS ARTICLE
C. W. Phillips
Adv
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Summer Hardware
Whitney&Co
TIN Shop
Broad ST
Ensign
Fabrice
City Tire House
East Ave
Gibson
Geo. A. Clark Co
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Anniston
Ala
Dr. Scholl
Scholls Zinop
West Virginia
Elyria Savings Bank
B. T. Bastian
Grocer
Hallworthy
Hall
Oberlin Rd
THE
Foster-Fitch CO
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