Business: Construction Halts

An Organized Hiatus in the Building Industry—It Costs Too Much

The Building Situation. By all the accepted signs, the building industry has for some time been the victim of speculative construction, attended by a labor shortage and constantly mounting prices for materials and labor. Recently, large projects have been curtailed in Chicago, New York and other centers.

Most significant has been the step taken by the Board of Governors of the American Construction Council. Headed by Franklin D. Roosevelt and representing all factors in the construction industry,...

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