Show FO FORESEES B IGHT FUTURE E FOR L SOUTH 1 Special Dispatch h BABOON PARK t S la ha March 7 The The south will enjoy a tremendous dous dosia development and expansion the next 20 years accord accord- accordIng according ing to Roger W IT Babson statis statistician who iho toda today Issued the Inn section ot of his report on and financial prospects which h In- In Includes includes In Includes the fInding findings ot of his hi tout ot of investigation The sin sin- Im Immediate mediate outlook for tor tIme lIe states comprising the west cost t central group ot of the tho south however pro are about with Ith that of ot the tho balance of them the as Indicated by Sir Mr statistics on the tho current outlook LU LEWING LI The four tour principal products ot of section says saya the statistician are cotton lumber petroleum and cattle It so ao happens that these thello aie sie a e dh diversified to such an ane e tent that they are almost ne neer er depressed at th the eo came me time This season for or Instance producers ot of cotton hamo ha o e been teen very tory and have hae received high prices es for rora forn IL a good CLI a erase crop The Time hum lum lum- lum lumLer lumber her ber business lies has been 1 pio- pio pio 0 porous leading In InthIs inthis p rous and Louisiana thIs field mor more from lumber than from crops The Tho building boom of ot course contrib contrib- contributed contributed and the tendency to mo mome moe e from conge congested ted city districts to a as made possible by the automobile nih will II stimulate real real- building for 3 oars ears to come Cotton and lumber r then o hame prospered thIs thio sear el Tho petroleum Industry In which Oklahoma bold holds suc such a prominent place ho et has been considerably depressed duo due duoto southern to ov Os of or California oil Price Prices have hae fatten tallen below operating costs and tho the oil section ot of o the tho south has suffered The fourth Industry tn the raising or of cattle ha has haq also alao been heen hanOi handi handicapped capped b bm b the tIme low loss prices for Or beet beef This Tills Industry h has baa not from the time slump It suffered at the close ot of the war hogs sheep and ond othet small live o stock are arc getting bacic oto but the cat cat- cattle cattie cat cattle onto a paving basis tle tie er rai-er Is still suffering from a poor market marlet E ot of course this situation itu will 1 it Itself olt and the cattle eattle raisers of ot the southwest pu Ul 1 again prosper Tl G FOB SA discus discus- discussion discussion discussion Mr r Babson In a n sion ot of o tho the lumbe Industry de- de describes describes de describes scribes the oik v be- be bo curled carried on in n the tho vicinity ot of Louisiana bY bv the Great Southern Lumber company hero lIere the pulp 1 w Industry Is 13 being op- op op not on the temporary basis hals ot of exploiting national but on tho the pel manent ot of growing pulp wood ft as other ClOpS are glown An examination of ot time the failure statistiCs continued Mr r Dabson sho s how ho these thee changes In sources of ot Income affect conditions and general lule business In these there states In Texas his has been a decrease or of 50 pet pei cent In the number ot of failures compared with last seat eu has enjo ed a II of 36 per cent In failures Louisiana has fared best beat of ot all aU with esith tit a de- de decrease de decrease crease of ot 66 per pcr cent while Okla OkIa- Oklahoma home homa with Ith Its depressed oil Indu- Indu Industry try hutter d an Inci Inc ease of o fall fall- CROP IC G 1 SIt I It It I Is im from this ey that the cotton glowing section and the lumbering legions enjo- enjo enjo Ing log Ing an Inci nel cased purchasing 10 Ir should l r i the tho best het section for tor any sales silea t The Ine ot of around 25 per Ier cent In Income from cotton is Ie p a all profit The Tho cotton colton crop tor for instance homes a gain of ot 30 per cent over last ear ear car the Tree Teta Texas crop a gain of 28 8 per cent In value maine and anI the Okla Okla- Oklahoma Oklahoma homa home crop crot a gal al ral not 20 per Ier cent In salue alue It If It were nero not for tor the do- do de decline cline chine In time tho oil Indu tr would be In wonderful Rb po to- to toda toda to-da to da The Tho larger cities eltes of ct this see sec section sec section tion which Melt serve serse diversified areas always alway otter offer a I good market tot 01 re- re retail retail tall re-tall tail merchandise The chief cities ot of Texas tor tot Instance en- en enjoy en enjoy joy a a b business lne at least 10 per cent ahead ot of last sear icar eor durin the remainder of or 1924 Tire Louisi Louiel- Louisiana aria ana cities may nay lie Ie expected to do doI doa doa I a volume of ot about 5 C per cent great great- greater er or than that of a It sear vear a ago aeo o Oklahoma may dhow about tIme the same percentage of ot 10 loss The sea sen- seaports sea seaports ports ot of this section ha have base e suffered the tIme In for for- foreign for foreign eign 11 ade at present poInt to a revl revival al In from these ports Considering the nat nat- natural nat natural ural ut-al facilIties of ot New Orleans and Gals Gah eaton eston they thy must sooner or later b become come to Is In Intel Inte na- na na national trade During the pat past ears the bulk or of o their trade has 1 ben been handled during the tour four tall fall months montha with almost almot no tonnage during 81 spring and ond summer In sears ears to como come I prophesy a gradual flat fiat flattening flat flattening toning ot of this Ino will tend to gim give e these ests steady I I i i J Th s group of or states an as a 0 hole to is running just jut about parallel to th thu average It o p tho the coun coun- country country country try as reflected on the Babson- Babson chart Babson-chart chart now at 2 per cent below nor nor- normal normal nor normal mal for rol the next 20 lears 3 ears how how- however 1 ever oser cr I predict i a do- do de development 8 Donl lIe Bankers ers ors era or and merchants who ho expect e to continuo continue In business should give snore more attention to this thil rapidly In section of or the United Statu Considering its diversIfied sources ot or Income and Its Ib many v ad-v es these there tour four states state of tJ Texas Texa Louisiana Io I and Arkansas are re just beginning to come Into their own 1 lie he Um time will corn come concluded Sir Mr Babson when when Tex Texas m w Ill III have ve the tho havethe largest est population of ot any State In the country and New Orleans HI rank first In exports Wise are the northern man manufacturers and anel jobbers who ho are ro now la laving haIng Ing their plans this future In view ANI tc FG s higher Butte CHICAGO March 7 r higher creamery extras extra 46 c 46 a tC c extra firsts 45 firsts fins c seconds SeCond c Eggs Egg higher receipts 16 36 eases es firsts 01 firsts v alive e unchanged KANSAS CITY Mo Jo Mare March 7 firm Vie c higher 21 ac 21 c selected unchanged 3 c t lower ic lower loer He broilers Ic Ie higher Hc 4 lc other oilier butter buttor unchanged 1 I I |