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Forbes Business Map Shows California Leads Nation in Business Prosperity
The June number of Forbes Magazine of business shows the accompanying mapped illustration of business conditions in the nation.
It will be observed that the entire Pacific Coast is in far better condition than any other part of the United States, arid that the Coast of California is the brightest spot on the entire map. The Northeastern portion of the country shows the most general condition of depression. This is because of the fact that these are the foremost industriil centers, which have been the most hurt by present conditions, and where unemployment is the heaviest.
Since Forbes is a most excellent judge of business conditions, California, while not feeling overwhelmed with prosperity, takes much satisfaction in knowing that she is weathering the business storm better than most.
At no time in the past eight years has Forbes Map of Business shown any part of California to be in worse ihan good condition, while the white spots of excellent prosper- ity are generally in considerable volume.
Where business is des' ignated as "good" in this map, it is actually good now and not merely good by comparison with a month or a yeor ago. The factors considered are: Agriculture, industry. employment, trade, moneland credit conditions.
FORBES Map of Business Conditions, June I, 1930