Worcester Democrat and the ledger-enterprise. (Pocomoke City, Md.) 1921-1953, 1939-11-03
WAR DID NOT STIMULATE BUSINESS


It should be remembered that business improving in this
country before Germany invaded Poland and Britain and France
Therefore late jumps the business cycle cannot
entirely hosites abroad War boom factor
didn't change downward trend into upward trend 1t
simply accelerated Ito immense extent in nes the bet
torment that had set in time before
The first weeks frenzed buying manufac
seemed be trying get ground
floor once prices syward That first rather hy
phase of the current improvement apparently has passed
uptren the barometers continues but slow The
outlook is that future bettermen will be slowbu it is
which you take for what it is worth that practically all
of the economists feel that it will continue.
realize Industrial produc
ton today close
ven slightly that point number of industries have
tua passed the predpresson peak Of these the most mpo
STEEL which recently touched high Other indus
which doing better than 1929 from the production
standpoint but not from the profit standpon electric
shoes, textiles oil refining and tobacco manufacturing
AS this has pointed out before the very sharp increase
inventories occaoned by the has not yet been met by
comparable increase in purchasing. And it
probable that foreign demand at least in the less visible
will be adequate absorb the supplies all Europe short
before spending any their gold result
the domestic market that must principally look for rise
That the country all set to go obvious
cursoy glance at the basic statistics Business Week. for in
anticipate push upward that will bring ahead of 1929
po ae at their high and that Of
also at record high levels The cash hand when
All the temporary influences be for the better At
the time pays to be cautious time and again the last
ten have the stage set for only have
recession hold and shaer hopes. If another
break and the indicators their upward course
about expert the country will have hiding They
practically all bullish today
One school of thought holds that the Europe must in
evaby become saemate-that British seapower German
apower will just about offset each other effectiveness and that
neither Germans Allies will be ab to make important gains
through the great lines of the Western Front
From this it is argued that both sides will finally be forced to
conclude kind of peace only Communism from
eengufing Europe
It has long been said that the only protracted
European will be Russia And during the brief time this
has been fought apparent that Stain has achieved the only
major victories The omnous shadow of the u S. R. blankets
the Baltic compeeyand extends far into the Balkans Many
expert that Hitler far than he gained
when he made his deal with the Soviets.
Today SENS certain that Russia holds the balance power
She Hitler cold in his northern advance holds Ger
many at her when it to essential supplies On
the other hand if she threw with Hitler actually sent her
fight with the Germans few believe France and Eng
land could long survive The probabilities to be that Stain
definitely decided take the latter step Russas
interest most experts convinced that she stay neuaay
side against the other and finally when the two sides
and exhausted, step in and gather the spois
Also of great Importance the current attitude of Italy No
longer does the controlled Italian He'll Hitler
tuny and ree the French and British Musson hates Com
muns apparently far than he loves the Nazs And the
German Russian pact to have blasted the
Tokyo axis to bits.