Business & Finance: Sears-Roebuck Recovers

Reports as to the farming situation have been conflicting for some months.

Some of the radical Senators, elected to "protest," have naturally bewailed the farmers' sorry lot and urged legislation sundry and various. On the other hand, the Secretary of Agriculture's recent report (TIME, Dec. 31) was, except for the wheat belt, distinctly optimistic.

One test of the farmers' prosperity has in the past been afforded by the earnings of the large mail-order houses. The annual report of Sears, Roebuck & Co. is consequently illuminating.

Three years ago the concern was forced to borrow...

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