STATE OF BUSINESS: Czechmate

When Czecho-Slovakia passed away last week (see p. 16), U. S. business grew so worried over the effects—and over the possibilities of a European war—that the stock-market cracked a solid ten points, falling back to 141.68 on the Dow-Jones industrial averages. Other effects of the passage of Hitler's steamroller:

Czech Trade. In 1938 the U. S. bought $26,000,000 worth of goods (glass, gloves, shoes, textiles) from Czecho-Slovakia, sold her $26,500,000 worth (oil, cotton, copper, automobiles, machinery). Most of this trade was wiped out when Hitler took Sudetenland and by January U. S....

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