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– December 17, 1934

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 be at all surprising to learn of a new high record for all time during the next few months.That would be reassuring indeed, especially since it would be some indication that this nation was not going into a decline from which it could never recover.

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