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GOOD SINE THIS FALL" SAYS BABSON. WeUesley Hills, Mass., September 16th, 1922 Roger Babson evidently is not upset by labor difficulties and the tbreatened coal shortage. In a statement issued today he forecasts good business for the next few months. "Go after business now!" says Mr. 4 Babson. "Buyers during these past two years have been following a hand to mouth policy. Everyone has pur chased as little as possible because a delay has meant lower prices and a consequent saving. With the turn of the business tide, however, prices again tend up and both business man and individual will make more money by buying ahead rather than by fol lowing the more cofiserAtive policy. An analysis of 76 basic materials for instance shows that 48 are higher to day than they were a year ago, 24 are lower than a year ago, while 4 commodities show no change. Price increases will be felt most on the raw materials that have been completely Wflated, but finished goods in prac tically all lines will show some strengthening duing the next few mopths. "It is particularly important that retail merchants fullyr grasp this change in the situation. They must turn with the tide. The retailer should plan on a substantial increase in trade between now and Christmas. If he does not he will be caught with a shortage rather than a surplus of goods, and a transportation tie-up will make it difficult to get more on short notice. "This increase in business will be due to a combination of increased purchasing power and a change in the attitude of the g'eneral 'public. In spite of the strikes and labor un rest there is relatively little unem ployment at present. On incomes ov er $1000 figures show that 48 per cent of the purchasing power of the country comes to the individual. as wages and salaries. This makes up the bulk of the purchasing power up on which the average business man! must depend.' A drop in the cost of living and prospect of steady work is rapidly turning a majority of these people into ready buyers. "In the farming field, bumper crops and better prices promise to class the farmer as a good prospect. He has bought very little since 1920 and his accumulated needs should absorb a tremendous quantity of farm mach inery and supplies. The plans of the business world accumulated during these past two years will also be put into operation this fall. 'The combination of these several factors points to a merchandizing shortage. If I were a retailer I should certainly buy all goods necess ary for Christmas trade now and in sist upon early deliveries. "This general increased business actively will lead in turn to the in * In a few hnve a. fr * something for the sch< * girls. This pecially d( school weai fall, and w Ithe very~ t United Stai Good ereased business and i ustial prof its that are already reflected in the action of the $ock market. Increased profits, of urse, mean more money for expansiop and equip ment. Refits and money tates, in the meantime, are tending gradually i lownward relieving both individual :nd business houses in the matter of >ver-head. Banksi have ample f-mds I to meet all commercial and invest ment requirements. In many locali :ies money is a drug on the market. 1 rhe slight seasonal tightening will loubtless be experienced at crop wo% ng time, but taking the fa!l _'eason is a whole money thruout the West mad South should come nearer to the .ew York market level. "In the investment market, prices i )f good bonds promise to rule strong i his fall. As investment capital ac :umulates, the interest rates ease off, )ond prices automatically rise. As ?rofits and income increase, the noni- I axable issues will again be in de- I nand. The affect of commodity prices will be more than offset for :he time being by the quantity of I money available. Continue to hold I vour bonds. "Whether or not we shall have a eaction in the stock market this fall s not the point. We may get the >reak that the "bears", are hoping,, or or stocks may climb suddenly. rhe point of imptrtance, as I see it, I s the fact that we have just turned t :he corner at the bottom of a period i )f depression and that the stock i narket has never reached its high I yoint 'until early- in the period of arosperity. Those who own good ;tocks outright need do no worrying tout the market. In spite of rail and coal difficul ;ies, general business as reflected in ;he index of the Babsonchart is hold ng its own. Activity is now running tt 9 per cent below normal. - 'ANACEAS DISREGARD LAWS. "Panaceas for employer-wage work- r .r ills have always been on the mark t but in practically all cases they 1ave been designed to produce some ffect other than that which would :ome from the normal working out >f the law of supply and demand. ['hey have sought to keep awages up hile cutting prices, or to force wages I lown while maintaining price levels, >r have otherwise disregarded the ' iormal and natural relations between I wages and prices. Therefore, these I >anaceas have not worked and never ill work. The sooner it is recogniz d that natural laws will prevail, the ;ooner will we find the solution for I >r troubles. The proper solution I nust bring the same result that the iormal working of the law would aring, bt must avoid the evils -nd Is and damages incident thereto. ARMOUR CONVERTED. Wellesley Hills, Mass., September 6th.. J. Ogden Armour has been days we will~ -esh line ofL new in KedsL )Oi boys and shoe is es= ~signed f o r r in the early e think it is ing. :es Tires Are Tires. WINNSE looked upon as a great capitalist in apable :of.-seein; the side of eithe the Wage Workf r or the Public. To iay, however, ie *has outwitted hi -riticism by coming out frankly fo: >oth the organizing of wage work ,rs and the protection of the publie dr. Armour begins his discussion b3 ;aying that the problem of the em )loyer and the wage worker is noi >rimarily to divide proTits but to as ,,re them. "For certainly they mus! e made before they can be divided )ividing them, says Mr. Armour, "i L mighty easy jpb alongside of mak ng them." In discussing the receni trikes Mr. Armour says, "Strikes oi ockouts merely show which factoi 'or the moment is most powerful, and iot in any sense determines what ih ight. It is the strongest side whici vins and this is not necessarily the ide which should." His complete tatement as just issued at the receni ,onference on Public Relations at the labson Institute is as follows: "Efforts to take Labor or Capital ut of the list of commodities subjecl o the law of supply and demand are esponsible for what is generally call d the struggle between Capital and ,abor, or more properly speaking lie struggle between employers and vage workers. Always in the past surplus of workers has meant low r wages. Thope with Labor to sell ave said that Capital was cracking he whip, while employers pointed te ncreased competition and lower sell ng'prices as both justifying and com elling lower operating costs. "On the other hand, when workers re scarce, wages go up. Then those vith capital invested have maintain d that the wage workers take ad antage of the situation. The wage vorker's reply is that higher living osts justify higher wages. Thus it vill be seen that while there'isn't any uestion but that wages go up and own in accordance with the law of upply and demand, there are two ifferent explanations for the phe Lomenon. Either is reasonable or un easonable, according to one's own iewpoint. Well Posted. The brother and sister in a Grand treet family had discussed the ex >ected new arrival in the family. One morning William said to Jane: I know something you don't know.' he replied, "No, you don't and I :now their names." "Huh, how can that be?" "Well, I was in the room when the loctor came out and slapped pa or he back and said, 'Twins, old man wins," and pa said, "Hell and Damn tion." No Escape. Hotel. Clerk-"The guest in No 0O6 say's he had a' nightmare' las1 dight." Proprietor-"Well, tharge it en hir >ill-ten dollars for livery." SATUR~ DAY Tomn Mix in "TI One of Ilhe good this .popular st N tws No. 66. T HU RSDAY herbert Rawlins Ba Thrills, roma you'll find them Bag. Watc, for Our Ne 10kG 1 PLANS MA6E 1ftT2E r GREATEST STATE FAIL s Columbia, September 10. Plans are rapidy maturing for the staging of the annual State Fair to be held in Columbia one entire week commenc ing Monday, October 23. Scores of workmen at this time are rushing to completion new and needed exhibit buildings and transferring the old grounds into a beautiful pleasure park. The new race track and grand stand are already practically com plete. The management gives assur ance that everything will be in readi ness for the opening day and no doubt visitors will be both pleased and-sur prised at what has been accomplish ed since the close of the last State Fair. Educational, exhibits this year will be much more extensive than in the past, including a mammoth dis play from the United States Depart men of Agriculture. Live stock and poultry. exhibits will be more numer ous, while such interest has been dis played in the woman's department that -five thousand square feet will be necessary to accomdate these dainty displays. Leading manufac turers of farm machinery are intense ly interested in the State Fair and ten acres -f ground will be devoted to displays of niodern farm machinery. The amusement program of the State Fair will- be the most elaborate ever presented in South Carolina. It .will include fast harness and running races daily, band concerts, free cir cus acts, and each night a stupendous - display of fireworks. On the Joy Plaza the famous Johnny J. Jones shows will afford entertainment of , the highest class. As an extraordin ary feature professional auto races Iwill, be staged the closing day, Sat urday, October 28. Arrangements have been nrade for the appearance of Sig Haughdahl, champion dirt - track driver of the world. Other not-] ed dirt track demons will compete for. t:he liberal prizes and records are sure to be shattered that day. On the opening day of the Fair, lidies will be admitted without. charge. On this day will occur the laying of the corner stone of the new - Woman's Building. Elaborte cere monies will mark this event. -Mrs. George W. Vanderbilt will be the guest of.hono- and she will be attend [ ed by special conimittees from each county in the State. Willing to Pay. A Bishop of the Episcopal Church - lived all his life unwed. A friend' m'ieinedthat-rie -a The states was imposing a tax on bachelors, -to be increased' a certain percentage for each ten years of bachelorhood, *snd . added: t"Why, Bishop, at youi1 age you would have to pay a hundred dollars a year."~ s "Well", said the Bishop, "it's worth it." ,SEPT.- 16th ie Road Demon." new Westerns of :ar. Also Pathe , SEPT. 21st 6 on ni "The Black1 nce mystery--= all ni The Black 1 I Ojening of w store NOt a Proposa Widow-Oh,. do"tr, is-is, this a proposal? . Doctor-You are slightly morbid, Doetor-Allow. me to remind you, my dear lady. You should look about madam,.that a dqctor prescribes medi you and marry again. emne-but he dosen't take if. O0 Silvertown CORD TE PAZIN TRLONGRiN~r One Qulity Only The Silverown is &e pioeer cord tire of Anerica. Its history is the record of every important develop ment in cord tire construction. From the start it gave the motoristM new idea of tire service. The Silvertown is nade by an orggnizatio wiSh 52 year? experience ir rubber manuhcture. There is only one quality in' Silvertown Tires. The materials and workmanship in one are the same as in all others. The name of Silvertown is alwaysa symbol of one quality. Your dealer will ief you the Sai. town in any sie from 30 x 3% up. THE B. F. GOODRICH RUBBER COMPANY, Akron, Ohie BSTA3LED 1870 ., ATOMOBES. MOTOgCYCLES. BICYCLES, TRUCKS We offer someting new for everybody in the family. We have some new china and wedding presenits. SJack's Department Store. a All America When we talk to you about R. & H. All America Shoes, we are not just talking about leath ~r with a real name. We. are talking a b o u t trade-marked ~ootwear that is 100 per cent toerican in design and con ~truction, which has a reputa ion as a business builder' There is a good reason wihy ~eal Americans prefer All ~merica Shoes. Our fall stock expected soon. TORES