Babson Forecast Sees Optimism For Early 1940
Babson Park Mass December 29 War or peace will shape the first half of 1940 but jobs wages farm prices profits and dividends are expected to rise from 1939 levels Babson projects the Babsonchart Index near 115 at the start and a 10 to 15 percent gain over the first six months of 1939 despite political and economic uncertainties He cautions gains may ease by mid year and forecasts the trend may turn down from peak levels later in the spring.
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Roger W. Babson
Babson Park
Mass
Washington
Defense
Treasury
Roosevelt
Aviation
Canada
South America
Italy
Japan
Pacific
Woman bridge champion wins open team of four title at nationals
Mrs. R. C. Young of Philadelphia, regarded as the world’s top woman player, captures both the women’s and open team of four titles at the national championships in Pittsburgh. Her team clinched the open win for the third year running amid expert play shown in today’s hand.
MENTIONED IN THIS ARTICLE
R. C. Young
Philadelphia
East
Mrs. Young
Early 1940 Forecast Sees Realty Boom Amid Stable Prices
A Babson Park analysis predicts modest living-cost growth and rising farm profits in early 1940 despite drought. It flags higher prices for hides, cocoa, gasoline, wool, steel, and lumber, plus gains in construction, real estate values, and investor dividends while warning against high-grade long-term bonds. War impact is uncertain, with no clear forecast for global trade or duration.
Storms devastate Saint Marc wharf and banana exports
High winds and heavy seas recently wrecked the Saint Marc wharf in Haiti and sank all lighters, disrupting the port from which nearly one third of the island's bananas are shipped.
MENTIONED IN THIS ARTICLE
Saint Marc
Haiti
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