A prime current enigma is whether bankers are unwilling to loan money to businessmen or whether businessmen are unwilling to borrow from bankers. While this enigma was agitating the President (see col. 3), the cheerful news appeared that businessmen borrowed $114,000,000 more last week than they had the week before. This healthy spurt in commercial loans came on top of two months of slow expansion.
Also appeared last week clear evidence that the public is spending money. Retail trade in August exceeded estimates, was last week in some places running as high as 45%...
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