Show BUSINESS conditions NI IN COUNTRY ON NO SOUND foundation visualizing the business outlook for the second half so of this year luau the national lugol bank SO of commerce new MON york or discusses the situation as follows business is S it in the midst SO of one duo SO of those moderate and orderly readjustments by which production e pue and pu consumption have alq been kept closely in ili balance for the last five years activity SI is not so os great su as it 4 was sem em s it at this time ili in 1926 and the first half SO of 61 1927 has not equaled the high records which were ajam being established el last as year duox but this ST is a i reason JOS for confidence rather qa than UL pessimism for it si is by precisely this sort of jo orderly readjustment ili in previous years that stability has been so os successfully maintained sv As a a UH matter so of fact the volume so of business done has probably exceeded what was A se e s azu really I 1 aj anticipated pal ju at ithe alpi beginning of jo the dill year juda particularly ili in view of JO such untoward events sc as the mississippi floods generally unseasonable aja am weather ae and the qa bituminous coal strike the dill iad persistently sustained bained mou flow so of goods spoof through id production inato fiut consumers bands reveals a thoroughly 0 sound position the taj present out 00 is for 0 a 02 good po and moderately expanding irate so of business activity during the second half year chis middle of jo the road puo sort so of prosperity which inis seated for the balance of JO 1927 is s not one DUO 0 of J SUD easy profits on gal y bevc if J the volume so of business st is at a high at ave rage level when it 4 is S still far short so of pressing on prodoc lj kiy grows 0 keener put and keener 1 su as clu mar i in five beul id anpo rs s struggle 31 to ol 01 maintain themselves by acmore A djado that alq si is the condition when even tu mod japo aerate recessions from record levels SO of activity intensify lne competitive struggle skill dauo f 10 ses because so of their un unique ua efficiency or 10 tam maa ement or io because of 30 apao certain ul inherent other 21 Cs etu e Q trough ano tj bad times put and good some 1 S uz ll 1 little even spun favorable conditions the em abor n ollof ina all i tn these extremes av again it 4 si is happen udde au III proved aboid zal alme acup that lum ganges T UT in iuds demand pu or 10 technical UI im positing tinn and U p eions ti ons xu are a altering the competitive alche aou aid P ja of tatoul individual P jun enterprises q but of jo large aul 0 ell grated pal in jc eption Pt ion this has been repeatedly illus al stell egx y sl qi c p development of jo synthetic ulu ma p and 0 on U Bu solvents textiles nitrates so OS t sl is almost never prosperous ut in sli its counted a u der ano competitive 01 ili it 41 must be ave when d whan the dill efficient ie are 0 utu making real pa money bv a arger 1014 on so of enterprises ST is getting along als s terion tc rion 1927 st is prosperous |