Evening Star Newspaper, November 24, 1929, Page 38

American Business Sound (Continued From First Page.) ression is but a forerunner of in- ustrial depression. Again, however, the actual facts of the present condition of labor refute the theory that all's wrong with Ameri- can industry as measured by the stock ticker thermometer. The Department of Labor of the United States Government keeps very accurate records of employment throughout the country. Its September report on labor conditions in more than 34,000 industrial establishments shows an actual gain not only in employment, but in the amount received by the workers. And this gain was not con- fined merely to a few sections, but was found in seven of the nine geographic divisions. Said the Department of Labor: “Manufacturing employment in September stood at the highest level yet reached in any month of 1929, or in any month since March, 1927. The Jevel of employment in September, 1929, was 4.5 per cent higher than in Sep-l tember, 1928, and employes’ earnings | were 715 per cent greater, this being | the twelfth successive month showing | a higher level of employment than in the same month of the preceding year, and the thirteenth successive month of higher pay roll totals.” The report showed, furthermore, that © of the 12 groups of industries and 36 of the 54 industries had more employes at the end of this 12-month period than at the beginning. Certainly there is no foyndati in Jabor conditions for the slump which overtook the stock market. Nor can the condition of our foreign trade give cause for concern. The em- ployment of many men and women, both on farms and in factorles, is de- pendent on continued sales abroad of | not millions but billions of dollars’ worth of American products. At the first of September, this year, we had sold nearly 9 per cent more of our roducts to other countries than dur- g the same period last year. ‘The grand total of our sales abroad in the first eight months of this year was $3,347,000,000. During the same period we bought abroad products valued at $3.009,000,000; so that European and other foreign countries owed us prac- tically one-third of a billlon dollars on the exchange of commodities in the first two-thirds of the present year. No cause for worry there as to the future of American business. Let us look then, finally, at the “home” statistics of industrial produc- tion and distribution, to see whether there need be any fear of the immedi- ate future. Probably there could be mno better barometer of prosperity than the elec- trical industry. In “good times" there are more installations of radios, tele- hones, house wiring, automobile bat- reries. vacuum sweepers waffle irons and all the other kinds of electrical equipment, household and industrial, than in “hard times.” The records of the Department of Commerce carly this month showed that orders for electrical goods booked during the first nine months of 1929 were $250,000,000 more than during the same period of 1928. Total sales in these nine months reached the huge sum of $1,000,000,000. One might go through the entire list of American industries, the actual sta- tistics of production and sales, and find but few showing even slight declines. The manufacture of cotton and wool textiles shows gratifying gains, and manufacturing production in practically all other industries has moved steadily upward since 1924. Yet there has been no great “spurt” of production, no over- stocking of dealers’ shelves, no filling of warehouses with unsold goods. II there was a great surplus of manu- factured goods, coupled with a lack of buying power.at home or abroad there might reasonably be fear as to the prospects for business and emvlvymfi during the next -year. Similarly, merchandise prices, wholesale and re- tail, had been pushed steadily higher in the last few years, it would be natural to expect a swift descent. But the detailed, accurate statistics of price changes in all industries show no “sky- rocketing.” The great manufacturing corporations of the United States have n making profits, it is true. But profits of manufacturer were the result of increased sales, and lower production costs, based on improved methods of operation, rather than in- creases of prices. A report of the Commerce Depart- ment on November 9 showed that wholesale prices were generally lower than in the same period of 1928. in other words, we have been experiencing no “boom times"—just normally go8d business; and there is no cloud on the horizon which betokens a period of storm and stress for American business. Dr. Julius Klein, able Assistant Secre- tary of Commerce, has estimated that less than 1 per cent of the total popu- lation of the country engaged in the recent speculative orgy. The misfor- tune of many of them is regrettable, but it will not, cannot, alter the prosperity, the material well-being of the great| mass of American people. Industry, agriculture and labor throughout the United States are unaf- fected by the bursting of the Wall Street bubble. American industry will press steadily forward, building new things, finding better ways to make old roducts, seeking and finding new mar- ets; making possible ever higher | standards of living for the mass of our people. Pilgrimages Slaru;;l to Tomb of Angelico During recent months there has been |a widespread revival of interest in Fra Angelico, greatest of the pietistic painters of the Roman Catholic Church. ‘This saintly monk of the Florentine suburb, Fiesole, has been admired by art lovers ever since he decorated the churches of Florence and Rome with those ecstatic visages portraying saintly character and spiritual serenity which are identical with his name. His own deeply religious nature and plous life (1t is said thet he never handled a brush without , -ayer, that he wept when he painted the cruci- | fixion and that none ever saw him angry) was early recognized by beautifi- cation. But it is only recently that pilgrim- ages to his tomb in the Church of Santa Maria sopra Minerva, &t Rome have ave the wide attraction that the Angelico frescoes in the convent of San Marco, at Florence, have long enjoyed. Fra Angelico's fellow Domini- cans have revive cult. Under the leadership of the influen- tial Dominican prior of Minerva, Father Innocenzo Taurisano, a com- memoration is to be held every year on the anniversary of the artist's death, February 18. This year a notable com- pany of lay and religious leaders and art lovers gathered at the tomb in the ancient Minerva church to honor this artist who more than most others por- trays the spirit of Christian mysticism. ‘There were flowers'and candles on the tomb and Father Taurisano re- called the spiritual life as well as the work of this gifted man, who declined an archbishopric and worldly honors in order that he might continue his life of self-denying plety and art. The commemoration will henceforth be an mlertnmoml as well as an ann event. Copy of Liberty Statue at Canton A statue of liberty, a smaller sister, but accurate in all of its detalls of the statue in New York Harbor, stands at the peak of the “72 Heroes” monument overlooking the aweepoest on the outskirts of Canton. monument, unique in its kind, was built from funds sent by members of the Nationalist Overseas League. The liberty statue stands on blocks, each of which is in- scribed with the donor’s name. One of them is from the Nationalist Over- seas League of Chicago, others from San Prancisco, Toronto and other parts of the world. f ‘The: monument commemorates the deed of the 72 enthusiasts who, in the cause of freedom, attacked the yamen of the governor of Kwangtung before the establishment of the Republic of China. Lost in the intricate mazes of the governor's palace, they were killed or captured by the defending banner- men. Those captured were later be- headed. - Modern Chinese look upon them as the starters in the south of the republican movement. The monument and its surrounding gardens are well kept up. In the grounds is an exact copy of the famous Liberty bell. Now a Full Sized EASY in reach of Limited Budgets. A New Low Price Small First Payment Balance Monthly Six Full-size Sh capacity. eets or- equivalent Full Swinging Wringer, Semi-soft Rolls, four lock positions. Double Walled Solid Copper Tub, White Ducoed, holds heat, dent proof. High Quality throughout. In every way worthy of the name “EASY”. Moving parts fully enclosed. Mechanism free from dirt. Clothing free from grease. No Wringer Damp-Dryer Type, « Free. .« 31554 Street and Third Floor Phone District 7200, Branch 105 \ NOVEMBER 24, 1929—PART TWO. THE SUNDAY STAR, WASHINGTON, D. C, : ¥ Optical Department —Offers you the very best nationally advertised frames and lenses, at low prices. 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People who know radio values—especially pcople who have lis- tened to a Majestic—will hardly be satistied now with anything Model 92 Majestic Formerly $190 $167.50 3 Complete With Tubes Moel 91 Majestic Formerly $160 - $137.50 Complete With Tubes —An early English designed cab- inet of veneered American walnut, with instrument panel overlaid with genuine imported Australian lacewood. The bowed-front effect accentuates the graceful lines. The escutcheon plate and knobs are fin- ished with genuine silver. —Jacobean period cabinet of American walnut veneer. Doors of matched butt walnut with overlays on doors and interior panels of genuine imported Aus- tralian lacewood. Escrutcheon plate, knobs and door pulls fin- ished with genuine silver. Radio Department—Fourth Floor Delivei:s Either Model Convenient Payments—Liberal Trade in Allowances on Your Old Radio. $10 Inquire About Our Expert and Efficient Service.