Month ago, financial writer and Lecturer L. Merle Hostetler decided that business men's "confidential" news letters were too gloomy, began experimenting with a letter of his own "openly and avowedly a resume of only the favorable features in the outlook for trade, industry and finance." Result was Hostetler's Good News Letter. With a suddenly bullish stockmarket. Good News had plenty of good news for this week:
"Cash is still abundant: Last week: 'Joe Louis fights for $900,000 gate.' . . .
"Textile sales spurt. . . .
"Arkansas Power Co. plans to build dam. ....