Within the last two months the barometric industries (steel, textiles) sprinted ahead on the theory that the start of real fighting in Europe would set off a simultaneous export and defense boom in the U. S. By last week the export boom was out, the defense boom was still in the future, and businessmen figured the barometers had jumped the gun. But meanwhile business operations generally had raced ahead of the stockmarket, which after a brief spurt in June had marked time. Last week manufacturers began slowing down to the stockmarket's pace. They realized that the expected U. S. boom...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!