Business & Finance: Summer Smiles

By tradition Labor Day marks the end of the summer doldrums for Industry, the beginning of the autumn upswing and better business. The summer of 1936 was not so commercially spectacular as the summer of 1933, when Industry was racing the approaching Blue Eagle and the threat of inflation, and the imminence of Repeal was intoxicating the stockmarket (TIME, July 21, 1933). Nevertheless, this week as Labor Day came & went, most U. S. businessmen concluded that the summer of 1936 had been good for trade, that autumn should, by experience, be even...

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