Business: ANNOUNCEMENT

With this issue TIME begins publication of a weekly Index of Business Conditions. Different in objective from the indexes most businessmen know, TIME's index will report on the financial soundness, rather than the volume, of U. S. business.

Next to questions about weather and health, the most often-asked news-question in the U. S. is "How's Business?" Ever since business has been called business, men have sought an inclusive answer to that question—and an answer exclusive of wishful (or fearful) opinion.

Oldest, commonest indicator of the state of U. S. business is the price of...

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