Worcester Democrat and the ledger-enterprise., 1937-11-12
THE BUSINESS OUTLOOK

THE BUSINESS OUTLOOK
To put mildly business outlook today is extremely con-
fused hand it predicted that this winters domestic
commerce will be the best 1929 with retail sales in
lines perhaps exceeding the boome figure On the other bs
ness seriously OF them are plain
ly pessimistc as to the trend OF future events
This anomaly is easily explained view of
tive the shorem favorable and the bad
Purchasing tied up farm income is at syear hgh
goods moving rapidly Yet the unrest IN Europe
tangled political situation at home including the threat OF
more business the apparent certainty OF higher
taxes prospect of still labor and
security investors and spectators retardng
factors.
everyone knows market took it's biggest drop
years ago. below their spring and
N summr And while the stock market is not necessarily
of actual business conditions it does pretty
closely finance both big and small levels
represents credit capital and spending E
plantations drop varied disclosed the opposed schools Of
apse as being due mainly excessively regulating by
SEC which has largely eliminated speculative who in
officials such SEC bead James Lands who
ed the regulatory policy nmated that still more stringent
aons be Whether the Landis point of view is
right such policy evidently has dampening effect
large industry.
the political situation concerned all is gone Pres
dent Rooseves sweep around the country in the view Of most
people, to his personality and to enlist public his
n m he haas said I so manV mg I noW
second New Dea which involves still further enlargng Federal
practices notably the field of Wages and hours and essenng
of the power of the Federal judiciary.
Evidence not lacking that Mr. Roosevets popular follow
has dmnshed-the Black Ku KuX Kan disclosures
hap the most serious blow he has received But cannot
said with accuracy that majority of the voters longer
willing to follow his lead.
In quarters it appears that have been
geraedand in others they have been too much mnmized
major could not help but tremendously affect American indus
whether become involved begerents not General
expert view is that there will be next yeabut that there
will be 1885, when Europes vast
completed American foreign policy has for been
careful mid-as it must We the delicate position
of attempting keep clear of having to maintain
prestige in the interest of American citizens and residents abroad
Hoheads criticize Secretary Hull for what they think is vaca
ton Cooler heads generally approve his policy think that he
right in seeking to feel our gently and carefully
There talk of anenrey earnings tax business
top of the present corporation income the
profits and loss levy the surplus tax and other might make
impossible business to maintain expected dividends in
time of heavy orders There no organized movement behind
policy the continued deficits which will
such tax worried about the general
knduness unlooked-for
trenchment in government spending occurs
conclusion, should be pointed out that experts
feel that recession important than it
seems that political and tax situation will work out without
doing damage Best guess is The shoterm outlook
favorable and the outlook the laps
of the gods