Business & Finance: Building Down

One universal prediction at the outset of 1930 was that construction, long low, would zoom under the impetus of cheap money and the many Hoover-pleas. Last week were published figures indicating that the long-awaited zoom will have to be a terrific one the next six months if 1930 is to be known as a good construction year.

F. W. Dodge Corp., building statisticians and trade-paper publishers, announced that in 37 States east of the Rockies new contracts during July were down 39% from June, 44% from July a year ago, while the decline for...

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