At the end of 1935: 1) the Dow-Jones industrial stockmarket averages stood at 144, a net gain of 38% for the year; 2) weekly carloadings were running more than 10% ahead of December 1934; 3) steel mills as a whole were operating at 47½% of capacity as against 41% the year before; 4) the Federal Reserve index of industrial production (November) stood at 97% of the 1923-25 average: twelve months before the figure was 75%; 5) the Annalist index of wholesale commodity prices was 129.4, up 8% for the year; 6) the Labor Department's...
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