Show ECONOMIC highlights As business ct oui UK tue past year aud and especially during the six si the LI r sentiment a mon industrial leaders lias the uund oi 0 opposed to lu i U ta 1111 dinou hi liidi dices cs even sales consumption tiie national income and acl profits beio on oil hoc business inen were dubious us IIA to tue 1110 it iture and unable t lu believe that tha long term was wholly bright lucre chere were two main causes ol of this un the A he labor situation and the prospect lor restrictive legislation or of a kind that mat industrialists consider inimical to business development during the last few weeks however there has occurred what we annalist terms a sudden reversal of sentiment for the first time in many months the feeling ol of leaders Is becoming consonant with tia poat AiLion figures the future outlook in their view has grown growa more clie cheerful erful Itea sons sous tor for this change are simple we ve aie not yet thron through gli with labor troubles by a long shot at the moment of writing new strikes are threatened in the textile clothing and other trades but the situation is not neatly neaily so ominous as li IL avas a month or two ago lewis stark veteran labor reporter ol of thu york yora times reflected the opinion ol of most experts in the field arien he recently forecast that the ulu is losing out in public sympathy and la Is on the down glade in the independent steel strikes the CIO lost tar far more than it gained its ita main purpose was the closed shop which was not granted largely because it was apparently unable to enlist the bulk of steel workers equally important the administration has obviously cooled toward the CIO and two cabinet members InO including luding the secretary of labor have lately condemned the sit down as aa illegal the upshot of this Is a growing faith that labor difficulties of the future can be solved on their merits through arbitration with ay iy thither ither workers nor employers winning success through force and direct action tactics once the closed shop demand is eliminated it becomes a relatively simple matter to settle lucli questions as wages hours etc the legislative outlook in the opinion of business men is likewise much better belter than was believed possible a few months ago the current congress Is cold it if not hostile toward most legislation of the cx x mental variety it is worried about tho the magnitude ot of federal spending and the size of 0 the debt |