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...first of these was the shortage of building construction which had been accumulating during the past six years. This shortage had reached such large proportions by the beginning of 1922 that careful estimates indicate that in our cities it amounted to as much as the total amount of building normally done in two and a half years. This means that the construction industry would have to work at 25 percent above its normal output for 10 years to make good the accumulated deficiency. In view of the amount of this shortage and its widespread distributions, it seems entirely probable that...

Author: NO WRITER ATTRIBUTED | Title: FULL-FLEDGED PROSPERITY IN 1923 PROPHESIED BY COLONEL L. P. AYRES AT ECONOMIC RESEARCH DINNER | 10/23/1922 | See Source »

...plausible inference that prices must return to a pre-war normal has frequently been drawn from the fact that prices have reverted to their former level after previous periods of currency inflation in the early and middle nineteenth century. The Harvard Committee, however, cannot accept this conclusion, for it cannot find that the governing conditions exist today which brought about lower price levels in the past...

Author: NO WRITER ATTRIBUTED | Title: EXPECT NO GREAT DROP IN PRICES | 10/21/1922 | See Source »

...University bureau of business research, acting with the co-operation and financial assistance of the National Dry Goods Asociation, after a pioneer survey of doing business in department stores, has come to the conclusion that a read-justment of operating expenses is necessary to restore net profit to normal in this business. The average net profit realized in the department store trade in 1921 was 1.3 per cent, of net sales, which is considered too small. The bureau also discovered that a rapid rate of stock-turn is fully as important in department stores as in other businesses...

Author: NO WRITER ATTRIBUTED | Title: Finds Profit Too Small | 9/25/1922 | See Source »

...three labor representatives, three capitalists and three representatives of the public, promises to be an entire success. A great number of disputes are now referred to it for decision instead of to the power of strikes. It will be of great assistance in bringing the country back to normal conditions...

Author: NO WRITER ATTRIBUTED | Title: GIVE PRESENT RAILWAY LAW FAIR TRIAL SAYS HINES IN INTERVIEW | 5/10/1922 | See Source »

...Southern Pennsylvania are non-union mines, and have therefore remained in operation. These mines produce approximately one-third of the annual coal output. I expect that they will produce an even greater amount during the strike. This, with the coal already stored up, should be sufficient to maintain practically normal railroad service...

Author: NO WRITER ATTRIBUTED | Title: GIVE PRESENT RAILWAY LAW FAIR TRIAL SAYS HINES IN INTERVIEW | 5/10/1922 | See Source »

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