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Show Improving Business Conditions By ha C. Tichenor : v 7IIILE someeople-wno evidently ere ulfraconRertivc in rV their optimism freely admit that the worst haa been eiperi-need eiperi-need from an economic standpoint and that a change for the better oir is assured, all reports prove conclusively that the actual turn iusinesa affairs wii mad several weeks ago and that the Improvement ten begun la Increasing Its pace. l-The reopening of factories of various kinds now Is becoming a common ' wtyg and of dally occurrence, while price stabilisation In numerous kinds ' ( "manufactured products and In many raw materials Is tending to rentore confidence In the entire price structure. The situation Is thus expressed by the president of the National Boot rnS" 8hoe Manufacturers association: ' 1 "Foundatlon for confidence in our business lies In -the fact that deflation ' 1 ,ai largely taken place and we ran build for Immediate future on genuine 1 oghd values In hides and skins. This, same statement applies to many ' thr commodities, and Just as soon as this condition Is fully reflected in trices to the consumer and the public has a realization of It, the chain fa oofnplete and no further obstacle stands in. the way of quirk resumption ; ofommercial activity. !."The new year opens with an incoming volume, considerably increased mr the immediate past, and with further definite factors looming up which I iujtify more faith and confidence in ourselvea, in our industry, and In our 1 jwernment and its ability to help set us on the rfght road. 1 J "Many factors which have retarded business activity, surh as tight 1 i 30ney and credit, soaring prices, Inefficient transportation and extravagance, irr by degrees being supplanted by easier money, lower prices. Improved Tyi porta tl on and economy. It will take time to complete the ahift, but it is 3,doubtedIy taking place. ""Reopening and development of foreign trade, particularly with thone J cownlrTes-so"aoreTy in need or our surplus pro Juris," w il I lie 1 p g rea 1 1 y To" ' reliore normal activity. Our government, our association and we as Individuals should do everything possible to promote this movement. Definite i aotfon haa been taken and further action will be taken to bring this about. ; Revival of the war finance corporation, with Its capital of IHOO.OOO.OOft. and formation of the Foreign Trade Finance corporation, with itn capital of SttO.tvMOO, marks Inception of thta movement." While this might be considered to apply more directly to the shoe trade, th vWs expressed coincide with leaders In the textile and other Induatrles. j Tflb Important point In connection with the resumption of Industrial activity, j lta pointed out, la the fact that all the buying Is on n conservative basia 1 a ad for Immediate needs, and that It is not In the least speculative. |