The familiar phrase "scraping bottom" was heard whenever businessmen last week stopped discussing the President's credit plan to talk about trade. Just as a man can cut his diet down only to a certain point, apparently U. S. business had reached the lowest possible level of consumption. While general business held at the same level (68.6% by one index) three big industries showed the following:
Automobile Production in September was estimated last week by National Automobile Chamber of Commerce to have been 142,651 units, 25.6% below August, 37-7% below September 1930....
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