Show 1111 1 IL alf I 1 it ink ob 01 M ALII the year 1935 la is opening with business activity on a slightly high er scale than at the beginning of 1934 and pro probably kibly most american business men expect as a whole the year will be better than 1934 even though many of the unfavorable conditions which have hampered progress are still persisting an up ward trend has been gaining yome some momentum christmas trade has run all tho the way for 5 to 10 per cent better than last year detore before large improve improvements ments can be expected the investor must feel an assurance that the money repaid to him will be of the same value as the money he lends the farmer has had a genuine gain despite crop disaster he has had the largest cash income since 1931 the rise in finished prices Is checked manufacturing business is 1 showing a small profit this im provement pro will be attacked by some slome who believe that profits are an un fair tribute exacted from labor and the consumer As to the financial situation the trend has lapen abeen away from further monetary experimentation there has been an absorption of government bonds there are still a few elements of uncertainty after eighteen months experience 1 the policy of government Is toward tow ard re relaxing laring the detailed regulation of business in order to give greater scope to the self balancing character of the system the industrial controls have tend ed to impair the equilibrium by rals rats ing costs more rapidly than ing power could increase they have tended to force forc a business bu 8 I 1 n ess into I 1 n to a set pattern and have reduced the abil ity of the system to find its own balance |