Show economic higa bights I 1 I 1 that affect lb the pie er bulli V it e ad checke tux tax illif of lifery 1 individual nil ti I 1 it froh ivins 1 inseparable from loaid welfare f if lire An ideall indus tiry altce 11 long ong italino for the lie vt TVA from froin cli tile boint ty after 1 londay Is owl slon day tile CAn irtis chamb rs wore hero Jania ned with etli eager hear jui tiVes speak ali fl ciul ill word won na to lo 10 l o status in alio llio he light or of etli he and afler they were is TVA went on Ivi thill ebe colart Coll ints rt council coul lell HU r find tile deunion wits written criticized written rewritten re frono got over oer ft hundred mines with ft fine tooth ath comb tiro decision wis IN finally ili nilly hall handed acif down TVA ils constitutional sa I 1 for fir as tile the of ot issue ore alre con vernod itil 1 wilm tile gist ot of ditc itc it alii and in the lie weeks ve ks following every business lima spent a large pure part of its space and editorial energies debating exactly what tile the decision micaila to the me future of die fed L eril goven f vast I 1 program ro i quo one question yet to bo be answered Is la Is TVA onsol tit in other phases of its re nc not comal in 11 tile lie test tent case cago brought ily by minority stockholders of the alii Alte buma company business week expressed a coin n anoil opinion when it said TVA gets it 0 fo o otili caution from the supreme court bourt ho 40 doos doe s tiva ans power program prok rilin generally tile hint of a i pos possibly red rd glare allend la is rather obvious with the actual avor 19 of tile opinion everything Tei inesse balley attili arity lins has lono done up lip to now dow ellid just tl as studiously of 1 anny I ay not jitni to the alio rather narrow oise dise before it heart of tiro the coultm Couii ta decision was theT the VAs sales bales of power aro are legal tor for tho renison that the power it generates Is a byproduct by product of functions properly within the sphere ot of federal action nan navigation ignation control and natio national atal defense I 1 86 fat far so BO good rut but what of t the power 74 fird M noway lloyd 1 aed eherd t cosolo h jo eolo solo I 1 an pose iq 14 prot luct loh igind nd sale aide of electric energy best legal authorities site are saying that such alro ato will be be held unconstitutional and that tile courts ex cure care in confining itself to the narrow issues of the TVA case shows that the Just lees it to be understood that they are not endorsing federal ventures into business activity it if mat lonal defense flod and tion control are aire taie arbiters of A power developments ty tile the experts continue bonneville Bonin Bon evUla nevilla and F fort ork peck dams for example are legal grasst and similar projects definitely are arc rot not and will be thrown into the limbo ot of unconstitutional laws if and when the court Is in called upon to pass on them and such much A project its the santee cotliar where clio Ie federal deral go verent loaned the state 0 of south carolina money ata at a low tn ln terest rate for power develop development mont it if Is alien to the basic law ot or tho the landi land it la Is a noteworthy fact that while friends of ithe TVA cli cac cred the derision decision lustily utility executives were not particularly downcast tills toay may be takwi inken to menn mean the to de casion lind had so BO many implied its and buts that no side won a owe sweeping victory pile one idling at least wems certain ta tho are government I 1 is not justified in believing in the light of alie TVA decision slon that it would receive a supreme court okay for any kind of power or irrigation project it at way may take balcon n fancy to business Rusl noss in general haa bag suffered a slight decline primarily du due to seasonal conditions but no signs of an all important wt bet back tire arc in and there are arc many to indicate juit progress pro gresa will cobil mie to 40 be 10 milde on in rare pae ECON ECONOMIC highlights i continued rate race one it Is always encouraging when real estate values go up hid and all over ithe country reports of high especially for urban land and homes come tin it its Is reported that 45 life insurance companies invested in fit city mortgages during bie the first month and a half of 1936 1036 is As against in tho 1 sanio same period last year january Ja nunry motor sales wro lere audi beafter bc than man were expected had weather Is toys of an on tile automobile buyer than it used to bo be A rise in copper prices Is said aid to be jo just in the offing prices airo al also so looking up tip in ithe woolen field recovery ling lias licon been made and held in the 0 machine tool industry in III january alie Indu index was at almost per cent of the 1926 level the utility industry Is in a quandary power demand its ils steadily rising and new records are forecast on the other hand the industry does docs not feel justified in III money tor for new facilities on a aag until the constitutionality of tho the wheeler Ilay hiim bill nna and federal Eed cral financing of municipal I 1 are decided |