Show economic highlights near thu the end of it noteworthy event occurred thu tho huai pow posy week industrial activity lit hi dox which Is otio ono of thu the atun standard dara business busl barometers touched that was oven tenths of a point higher than tile tho previous ull all thile record which was reached luring tho the week of july 21 back in fabled 1 and falm loua 1021 what this obviously lacang la is that wo uru are lit in tho the midst of a u boom and it boom that will undoubtedly reach giddy heig heights rats it Is id done equally obvious it Is no ito it boom it la Is based upon ono thing and one thing only war it will stop slop war oil nud cvar stop aloi aud like till all war booms it la Is inflationary lit in tendency that for tho the inocel t it weins ati ina cloar clear that it a period of con blu artif artificial idal rhoad of us practically all 1111 bu bual 91 bess uess will bo be affected 2 ru war iwar oud preparedness programs pro grama granis call for tn d degree of national effort for every obury sold ald tr ler iu in uniform citero must bo be halt half a dozen jlii or moro more boli lud him in fac factories und and supply depots pro duclus and ivul handling the hundred and one articles that soldier must havo have it lie is to bo be nit an efficient destroyer in III 1110 modem dolit waro war in III brief tho elvi civilian llull population imputation la 19 as aa indell involved iss aa tho the actual arales lit in the ifould yomo sonic will probably expand at it 11 tremendous ratu rate during tho the next fow yeary years wo we have wen signs of that eliat already in aier craft ni tho principal makers ura ara Av ZI 21 2 1 hours houra a u day aw are building bev plants its fast as the necessary labor and can io be obtained and have gigantic of ed ordera on oil hand it ana lately reported that britain will buy additional military planes in this country and that our government will place orders ordera for un till equal number Rall railroad roAd will wiil bo be go ing up tit electric power output will necessarily follow thi urging surging lu ill du production indices and sueh sudi basic heavy industries ay as steel will find principal problem lit iti figuring how to keip output up ill ko to deni demand and normally a great jump lit in production such au aa this would involve gi gigantic gantle profits will not bo ba true this time this year for III im stance pinny industries expect that net met earnings will he bo under tho the www 1930 level even though tion I 1 Is s substantially greater there aro are ft a number of reasons or that one la Is that costs aro are rising another Is 1 that hint it will 1411 bo be necessary to put iut it larger proportion of grom income back luto into plant facilities anti anil the most important reason re ason of till nil is taxes we iro fire starting it a twenty or thirty brillon dollar nima arms program on oil t toi NJ of it i 1 I national debt unil and lit in tile faco face of tile fact that federal income lias hits been under federal spending for eight years tho the tax boosts put into effect by the current conart are generally regarded na as but a modest start it went acini inevitable that far larger increases will bo be liec emary ineat year and during the yeara to follow at tile same time government will probably do nil all it can to hold bold down prices of finished products and to force industry to absorb its as much or of the higher vosta costs as it can call bo be nd adequate equate but they wont ho be great it lant t pleasant to winic think of the depre depression wilon that lit in ill tho 0 view ot of inoyo economists eco ats will follow the war baoni history III story allows us ngali anil again that prosperity based on arnis arms production la Is eventually disastrous but force of la Is forcing ita w to follow the rest of the world lit in the race toward mill tary so 80 until peace comes again to it a tired world bus li Is going to be booming in Ain america erlen the Il lattio of brition la 19 tit at least temporarily blowing lit n tempo tho aliu Ill Il attle of the Han umpire pire has be bogun stating point was italis invasion of greece whoever controls control s greece its islands da liidi al id its ita ninny many seil aud and naval and submarine bases breely controls the eadi 11 ataro post 11 the attack oa reece la 19 obviously de siguel as aa atcy lit in a fatefully fare fully planned axis effort to d Brit britaina ains tit in hint area if that attempt should suc succeed the axis would havo have taken it a long step toward eventual victory in III the war whether VIi ether it wilt will succeed Is the question now ilat answers to bo be that lint it wilt will fall for one thing the italians as in hi tile past bast havo shown themselves thenis selves vea to be poor fight ori or the pathetically small and ill equipped greek firmy lias has anade the going penty dwigh for war flors por for another thing it looks now its aa it russia Is none t too 00 happy about axis moves and may bo be to resist them vor por it a third tiling thing alio british navy la Is still the best navy in europe Elu rope by it tremendous margin italian naval forces have steadfastly avold cd meeting Ine eting their eng ilski elsh enemy even when they had the advantage lit in number and size of ships amusing Ani using commentary on oil As la Is found lit in a story which lian haa been making the rou rohnl tulsi nl in london II 11 I I vory navy the story runs lins liaa its favorite drink I 1 the english 1 prefer gin gill the americans americana take whiskey and the italians stick to |