Business: Mockery?

H. K. Ferguson Co. of New York and Cleveland has built plants for such firms as General Foods, Pittsburgh Plate Glass, General Electric, U. S. Gypsum, Armstrong Cork. When new building dried up six months ago it sent out 2,200 questionnaires to executives in all types of industry except railways and utilities. Last week it announced that 275 firms, of which only 25 were big, had admitted holding up nearly $200,000,000 worth of industrial construction. Reasons given: 72% blamed the undistributed profits tax, most of the rest blamed uncertainty over Government policies, a negligible few feared labor troubles.

Last year the U....

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