Archive
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Effects of the Gold Clause Decision
Industrial production and volumeof distribution are not yet affected by pending gold clause decisions. Basic industries show continuation of the recent upward trend. Charts showing production, purchasing power, and prices appear on last page of this bulletin. Data covering the final month of 1934 show a sharp rise in the industrial production index accompanied by increases in…
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Utility Regulation
Coming Effects of Current Events; A Re-Distribution of Wealth; Commercial Failures; Supply, Demand, and Prices Power production has moved up another notch and is now within 2.7 percent of the all time high recorded for the week ending December 21, 1929. It is barely possible that the 1,860,000,000 kilowatt hours total for that period will be…
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Increased Savings Deposits
Coming Effects of Current Events; Possible Favorable Developments; Supply, Demand, and Prices Further evidence of increasing industrial production is the principal feature of the week’s news. Electric power output has risen to the largest total during the past four years. Furthermore, the gains recorded were generally distributed throughout all sections of the country. It would not…
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Administration Plans?
During the American Bankers Association convention more than a month ago, a few stalwart souls had the temerity to suggest that sound hanking was still desirable in spite of the new economics which is the quicksand foundation of the “New Deal.” There was a noteworthy tendency to applaud common sense and a balanced budget.
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The Budget Again
If it may be assumed that the recent remarks of administration leaders reflect their honest convictions and are not merely an attempt to bolster business confidence with more words, prospects for the future have materially brightened. Mr. Richberg has stated that he favors clarification of section 7A, NRA (presumably in a manner which will discourage…