Better Bays Ahead For United States

Chronicle (Levin), 5 September 1949, Page 5

Better Bays Ahead For United States

fN.Z P.A.-

-Reuter.

Copyright)

Ileeeived Sunday 7 p.m. WAS1I1XGTOX. Sept. 3. United States. ' inliation troublen appearcd to be eured aiul better days wero ahead, (M'onoiiuc experts agreed todav. Tliey s-a'nl business conditions wliieh li.ad be ri heiow par sinee January etiu'd mahe 1P1P records in the eoining ii: i n l li.-> lnit none suggosted tliey would niateh iiie reeo. ds sei last year. -M r ( 'harles Sawvcrs, Seeretary of ( "mihi ii r.-e, saii! ;he I'uited States \vu> on an upwanl trend whieh had been in e\ id. ii •> for -e\ eral, weeks. Its exten' unahi di'peiid upou tlie proper maiu tenuii-.-e oi fundamental fuetors 111 t !i eeonomv — fnith in Aiueriean iustitutions, deUM'inination to yield to no uiinoi diitieulties and willingness to as Minie that the business econoyiy wa> sound and that purcha.siug both by consumers and business, eould go aliead. Mr Sav.ye: had been making a serieiof t'aet-finiiing surveys of business and emplovment conditions throughout the country. lle said, he liad tound in dis eussioris with bu.sine.-s, labonr and pub lie ir!'u!i[is, iin e\ idenep of n belief in the iniinliieiiee of a depression buf rather a linn l'aith in the soundness of the bu-'ue-- >*tnn»turp and in its ability to a--hie\e new growtli and progrees. . -»I r liiO i'.Mi Steinkraus, president oi the l u t *'d Wtates ('l)uinber of Oom mcrce, .-aid the general business situati"ii h-ul improved since spring. " If eo'niiionsense is used to avoid unuecessary -trii'e and to rerogni.se what is the greafest guml for the greatest numi>pr, there is no -eason for furthcr' reeession." iie said. Air J.)!in Snvder, Hee.retary of tin, Treasurv, said summer business had made it idear tliat the eeonomv was basii ftlly in ;i good condition. The ua tional ineomo had been maintained at high levels and eeonoiuje signs ron-i-nued to be eiicouraging. Genorally a a c.'iutious attiiude towards the imsi ness situation whieh prevailed siime the end of the war, had lielped keep the eeonomy in health. It ivulted in vari ous eorreetive adjustments being made, industry by industry, without appreeialde effect on the overall business levels. "During this period we niade some progrfiss in satisfying tlie blacklog oi demand whieh aeeumulated during the war and buyers ' ma.-rkets hnve appeared in various produets. Neverthc iess. a large volume of the demand fo, both eonsumer goods and eapital goods, temains uniilled. Alanv people still need homes, niueh productive maehim-.y Jjeeds replaeement after ihe wenr and tear ot war, and mueli industrial oxF>ansion remains to be done. There is need for thousands of tuiles of new aighways, new sehools, hospitals and "ther publie facilities, " he added. Tio; Economic t'ongress Industrial ' Mganisntion tonight announeed that it Would make rejieated drives for general Wage inereases and jiensions. Air I'liilip Alurray, president of (M.O. s-aid the union would eontinue to irisist on wage inereases, pensious, health and W'eliare plans where tlie facts juHtified ihe demands. " We must eontinue to irisist that goods and serviees are produeed in such abundance by our ee.o homic strueture, as to be equitably distributed so that all the people can share in tlie materia! henefits and our dentocratie way of life. '* Air Alurray said tlie C.I.O. mnst eontinue to insist on fu|] employment, a fTin'eijijnent health progranime, eivi) ^'ghts legislation, intensive politieal nr-t:on against Cominiinist activities, aud helping -workers of other nations u'ith the industrial teiihnique of tre briiied States.