Show economic highlights vii up to recently many spokesmen spoke amen luell attempted to zo the extent and the con coil of tile the IrO Allt in ill business now the efforts to have been abondo abandoned ned the white house to no I 1 less than congress congre la Is giving almost st all its attention to tile the causes of bic reverse of tho recovery movement A telling sign feign Is tile alie serl 4 of coll ferencek feren ces mr air roosevelt has leen holding with bli leaders leadem so hir far these talks alavo appall antly produced little or nothing but they arr are important as aa an all example of the trend frend tito president is bi I 1 giving mleh attention to the opan lona of Lusi neso titan lie he did during the lays days when his administration had clear sailing under luider brightening economic akle this dota does not mean that lie ho is lly going to adopt biL business giness views of tile the situation or that he la Is going to do what business 9 it docs mean so ao far as aa anyone can call set see that lie he and his official advisors visors are worried and wondering at first tho presidential confer caces were naturally held with nien men representing the biggest kind of business busin such as am sloan of 0 general on motors young of general electric weir of the weirton steel company now accor tUng to nn all announcement of january 21 busjit business men at their own insistence are arc to participate in the lie talks on economic problems white house aides explain that there ila has been it veritable flood of alters from little business men asking king that representatives of their group ba consulted and the president has hall issued instructions that smaller cooperative officials be selected ed lat at random from the letters and invited to tile the white house all of memo are apparently parent ly a prelude to an idea which tho president according to hla his secretaries ret aries arles has been working on for some time tile the willi plan lie he lins has lit in mind for the creation of a national V counell council made up lip of ropi of till nil groups and of op opinion lilloll who will lo le naked to prepare reports designed to tao guide presidential action and poll elos this alila council would include inen front from big biff little bus hiess lii tsa agriculture labor investor groups ind iid till all other important elem eirts lit in our national life lit in theory such a council la ig an all adail rAble colic concept ept ind in ili accord with tile the basic t of democratic it would provide an opportunity for a meeting of minds where fact would be pitted against fact and differences would bo reconciled c conci 0 led through logical coin compromise pro kut but in actual pra practice atice as liard hara headed observers havo have pointed out the chance of anch a council getting anywhere Is very dubious du blous there are points of view so corn com plemely opposed that it would ot bo a for tile inter ested parties to adjust them between themselves however the council li 19 still in tho the planning stage and what it produces pro ducca will ivill only bo decided if is as and when it Is created the inalie thing Is that the executive la Is at last definitely con corned with business COIl conditions ditt ons it la Is apparent that he is not auro aure of what course to take which accounts tor for acts acta and statements abatements which circumvent each other mr roosevelt ovelt Is also taking a much gentler hand with congress which Is no longer doclie to white house control no one knows knos what will come coine of all this it does win seem certain that the next six or twelve months will be of great moment to tho course of f american history in ili 1030 new industrial financing exceeded for the first time since stellar 1029 1929 early lu lit 1037 it looked as if tills figure might bo be again reached or even exceeded the october stock crash massac cred these hopes two companies to float big issues in tile the face of ad verso verae conditions pure oil offered worth of stock and the issue had to bo be impounded because tile the public buy bethlehem steel offered la in deLen debentures tures they had bad to be sold below par and the underwriters of tile the issue took a loas oss on oil the deal since then according to time in new 11 M financing lies has been held hack back in the hoi of a better ni arket today companies ore are agin planning to try to sell 18 issues ques alt power will shortly offer in ili bonds and conium ers era power company will offer 0 9 oo lit in first mortgage bonds outlook for such financing Is allore encouraging juI judging ging by tile the is 4 of tile the 1 Conil company tany in issuing it in two weeks ngo these were issued at aa were I 1 aimed lately bold and promptly ro rose ae on oil tit alio market to la if tit the deadlock lit in now liev financing Is tit at lust list breaking it will lie be one of tile the host best lu possible signs of 1 otter business basim is 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