In elevators, subways, reception rooms, in bars, clubs and smoking compartments, in all the places where U. S. businessmen habitually swap horseback opinions on the State of the Union, prime topic last week was the timeless question—How is Business? But it was not put in the usual form of a casual greeting. Not only had business failed to develop a normal autumn spurt: it was definitely on the down grade. The New York Times weekly business index has dropped steadily from above in. its Recovery high registered in the middle of August, to...
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