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Editorial
January 31, 1931
The Daily Alaska Empire
Juneau, Juneau County, Alaska
What is this article about?
The editorial assesses the current mild industrial improvement following seasonal production cuts, notes disappointing fourth-quarter profits like those of the Texas Corporation, and highlights easy money as a hopeful factor for eventual business recovery after liquidation.
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Full Text
THE SITUATION.
Most of the business news consists of despatches from various industrial centers telling of increased employment and resumption of operations by various units. All of this is quite to be expected at this time of the year and especially following so severe a curtailment of production in the last few weeks of December.
Those plants that have been able to keep going, however, are experiencing except in the case of motor companies the mildest sort of improvement. Buyers are not coming into the market, new projects are not coming to light. In short, revival is not in the air.
Meantime, it is becoming increasingly clear how low the level of industrial earning power has lately dipped. Estimates of profits of representative major enterprises for the fourth quarter are far worse than had been anticipated and such figures as the Texas Corporation submits are undeniably sobering. It is idle, moreover, to expect much improvement in the current three months.
The most hopeful factor continues to be the extreme ease of money, which is facilitating new financing and which will gradually thaw out credits. Tag ends of liquidation in both finance and trade may remain to be completed but the broad movement has largely been completed and after the usual period of convalescence business should be on the mend.
Most of the business news consists of despatches from various industrial centers telling of increased employment and resumption of operations by various units. All of this is quite to be expected at this time of the year and especially following so severe a curtailment of production in the last few weeks of December.
Those plants that have been able to keep going, however, are experiencing except in the case of motor companies the mildest sort of improvement. Buyers are not coming into the market, new projects are not coming to light. In short, revival is not in the air.
Meantime, it is becoming increasingly clear how low the level of industrial earning power has lately dipped. Estimates of profits of representative major enterprises for the fourth quarter are far worse than had been anticipated and such figures as the Texas Corporation submits are undeniably sobering. It is idle, moreover, to expect much improvement in the current three months.
The most hopeful factor continues to be the extreme ease of money, which is facilitating new financing and which will gradually thaw out credits. Tag ends of liquidation in both finance and trade may remain to be completed but the broad movement has largely been completed and after the usual period of convalescence business should be on the mend.
What sub-type of article is it?
Economic Policy
Trade Or Commerce
What keywords are associated?
Industrial Recovery
Business Earnings
Easy Money
Economic Revival
Production Resumption
What entities or persons were involved?
Texas Corporation
Editorial Details
Primary Topic
Industrial And Business Recovery Prospects
Stance / Tone
Cautious Optimism Amid Low Earnings
Key Figures
Texas Corporation
Key Arguments
Increased Employment And Resumption Of Operations Expected Seasonally After December Curtailment
Mild Improvement In Most Plants Except Motor Companies
Buyers Not Entering Market, No New Projects
Low Industrial Earning Power With Worse Than Anticipated Fourth Quarter Profits
Little Improvement Expected In Current Quarter
Ease Of Money Facilitating Financing And Thawing Credits
Liquidation Mostly Completed, Business Should Mend After Convalescence