Show economic ec JAA amic highlights A ats up to recently many administration flon spokesmen attempted to the extent and the consequences of the present slump in business now the efforts seem to have been been alondo abandoned ned the cho white ll house Ilso no less than cengr congress ess Is 1 giving almost all it its atholl attention cioll to tile causes of blie about reverse of thu tale re recovery covely movement A telling sign is tho the series of conferences mr air has been Il holding with business leaders so far cheso talks have apparently or nothing but they tire are important as aa aa all example of 0 the trend the president is I 1 giving much more attention to tile the opinions of Ius business liless than lie he lid did dur dur 3 ills administration had clear sailing under baightel brightening tel abig skies does not mean that he Is necessarily going to adopt business views 0 of the situation or that he is going to do what business wants wanta it does docs mean so far as anyone can call SK see that lie he and his official advisors are arc worried and wondering at first the presidential conferences were naturally hold held with men representing the biggest kind or oe business such as sloan of gen tourig of general E electric lee weir or of the weirton steel company now according to an aln announcement oi of january 21 small business basilia men at their own insistence are to participate in the talks on oil economic problems white house aides that there has boon been a te veritable I 1 flood of letters from little bu business men asking that representatives of their group bo be consulted and the president has issued that smaller cooperative officials bo be selected et at random from the letters and invited to tile tho white house I 1 all of these conferences are apparently ly a prelude to an idea which tile the president according to hassee I 1 ret rcharles arles has b been working worm ng on for some hint flino the pin plan n he has lit in mind calls ca lla for tho the creation of it a national economic council made ulof representatives of all groups and shades of opinion who will te asked to prepare reports designed to guide preside presidential I 1 I 1 ti al re action t ion alii and polli policies this council would include men from big business little business agriculture labor investor groups consumers transport transportation 0 n and all other Impo important elements elemen tg in III our national life in theory such a council is tin an admirable concept and in accord with the basic tenet of democratic government govern gofern ment 11 would provide tin an opportunity for a meeting of 0 minds whore where fact would be ba pitted against fa fact et and difference B wo would ua d be reconciled r e conci led through flir ough logical comero compro 1 cut but lu ill actual pi practice as hardheaded hard headed observers have pointed on out t the chance of such a council 1 getting anywhere la Is very there are paints of view so completely opposed that it would obviously bo be a miracle for the interested parties to adjust them be themselves however the council la Is still in the planning stage il and nd what it produces will only he be decided if as and when it Is created the main thing is that the E dx coutho lg Is at last definitely concerned with business conditions it la 9 apparent that he Is not sure of what course to take which re accounts for acts and ana statements which circumvent each other mr roosevelt Is also taking a much gentler hand with congress which is no longer coello to white house home control no one knows what will come of at all this it does doea seem cor certain that the next nest six or twelve months will be of great to io the con course arso of american history lit III 1930 new industrial financing exceeded for the first time since stellar 1929 1029 7 early in 1937 1037 it looked as aa it if this figu figure re might be again reached reit ched or even exceeded the october stock crash massa these hopes two compan to float big issues in the face of adverse r conditions pure oil offered worth of stock aind and the issue had to ibe be impounded because the public buy bethlehem steel offered in deUn lures they bad to be sold below par and the efio underwriters of the issue took a 1725 OW loss on oil the deal since then according to time in now financing has been hold held back in the hope of market today companies are agin planning to try to sell issued Appal chlan electric rower power will shortly offer lit in bouda bonds and Consa iiii e era rs rower power company will offer 0 9 in first mortgage bonds outlook for such financing is moro more encouraging judging by tho the 81 leem of the consolidated edison company tn in issuing tn in debentures two ago these th em securities were issued at 34 were immediately sold and promptly rose on oil the market to if the deadlock in new financing Is nt at last breaking it will he be one of the jt possible signs of better business 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