Business & Finance: Up or Down

It seemed last week that U. S. business was at a crossroads. With minor fluctuations, indices remained static at about the same level as the last four or five weeks. Economists wondered whether this was the basement of the Roosevelt Recession or only a landing on the escalator to ruin. As the President's inflationary plans for reviving business gave stocks and commodities a brisk rally, there were champions for both sides of the question.

Unlike most investment houses, the Wall Street brokerage firm of Carl M. Loeb, Rhoades & Co.. dealing largely in securities and commodities, last week chose to be optimistic....

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