Current Situation

Thus far the coming of fall has meant only a mild yet comfortable situation of uncertainty. Business prospects appear sound and healthy, but sufficiently stabilized to obviate much speculative enthusiasm. The real difficulty, so far as domestic business is concerned, is to find an important weak spot. Even Congress--long the scapegoat of business ills--is now persuaded of the political value of a constructive rather than a destructive attitude toward economic questions. If anything, tax reductions during the coming year should make prospective legislation attractive to business.

In this bright business Eden, however, some are already eyeing the realtor as a possible serpent.. Despite a strong tendency to inmany large centres, rents are discrease construction operations in tinctly sagging. Florida go-getters who come north to raise funds for the conversion of mangrove swamps into U. S. Rivieras still are entrusted with ample funds, but are meeting with increased skepticism in many quarters. Speculative apartment-builders are cultivating a less haughty "take it or leave it" attitude.

Yet the tremendous underlying strength in the money situation gives assurance to even the most skeptical. Business may sag but it cannot crash.