Show Very Fail Hoover Says o In Describing ng Outlook For Pol Next Six Months Cheap Money Likely to Stimulate Industry Secretary Declares D l. l Frost Danger to Bountiful Crop Gerier l to Be Maintained Maint WASHINGTON Aug 23 By y The Tiso Th Associated Press A A rv V summary o oE at business conditions inthe iu in the United States as presented to Secretary Secretory Hoover by commerce department studies has convinced him hins he hc said today tO U that the outlook for American J prosperity during the next five fin or six months is very vcr ery fair v ra L I L Of OI Of course coure economic mie prophecy is al always al- al always always ways hedged hedge about with doubt and difficulty Mr Hoover said But notwithstanding the outlook for the tho i nations nation's business for or the next five or I six months Is very vory fair I 1 heave have had presented to me to today to- to today today day e. e series erles of figures dealing with conditions during the first seven months of 1927 he continued In construction matters the accomplish accomplish- accomplishment ment has been about two or three e per cent Greater than during the same sam period of 1226 the country's exports have been five per cent more than during the same period of o 1926 the freight carriage on American railroads I so far this year has been about the same as last I SOME SOIE VARIATION mATIO There has ben baen a good deal of o vari van variation variation I In Industry Pig Iron production 1 has so far been two per cent below I that of o 1926 and textile and automo automo- automobile automobile automobile bile production are arc less also In gen gen- general general general eral there has been a slight decline in factory employment amounting to about 2 per cent during July under July 1926 I However In the employment mat mat- matter matter matter ter there less has been a steady increase In the number of o workers demand demand- demanded ed cd by services service as compared with fac fac- factories factorIes factories I tories and there Is not so much rag reg regular war ular reporting as lIS to the volume of em em- employment employment employment in the service category We know for instance that the develop develop- development development ment meat of o automotive e transport has less brought about an Immense increase in recent years ears in the number of per per- persons persons persons sons employed ed in garage garag operation o and md repairs I MONEY l IY IS CHEAP P Money rates are now low and the j effect of or cheap money on enterprise is I almost invariably a tendency towards stimulation The harvest in the grain I country is passing through a some some- somewhat somewhat somewhat what critical period at the moment especially with reference to corn but if frost is delayed for a matter of ten tenda days daY da or so over the com cone growing area there will be a bountiful crop On the whole the outlook is for a main maln- maintenance of general buying power |