INVESTMENT: Brighter Outlook

Whether or not the U.S. gets full employment after the war depends on whether there is a high level of capital investment—as in the '20s—or a return to the dismally low levels of the '30s. So most economists believe. Fortnight ago the conservative Investment Bankers Association published some tentative reports indicating that the postwar prospects for investment should be bright. Highlights of the reports:

> Through deterioration of rolling stock and equipment and modernization needs, the U.S. railroads for at least ten years after the war may make capital expenditures of as...

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