Babson predicts 1938 revival after a poor first quarter
Babson Park Mass Jan 1 Roger W Babson says 1938 will not suffer a major depression and expects a recovery. He notes 1937 profits rose but says the early 1938 period will be weak, with a spring rally stronger than usual and a possible return to 1937 peaks before year end. Cooperation with Washington is crucial to end the slump.
MENTIONED IN THIS ARTICLE
Roger W. Babson
Babson Park
Mass
Babson
Washington
Congress
Ngress
Sclons
Capitol Hill
Roosevelt
Democratic Congress
FALE
1938 Outlook: A Recovery Shape for US Economy
Trend watchers forecast a 1938 recovery led by stronger industrial demand and rising stocks while inflation pressures and wage dynamics shape spending. Expect tax revisions and utility accord, with farm, building, and real estate activity showing mixed moves as prices trend higher in metals and construction inputs.
MENTIONED IN THIS ARTICLE
Congress
PWA
Roosevelt
Seecretary
Hull
State Department
Business Leaders Forecast Slow Upturn in 1938
New York reports a cautious outlook for 1938 with industrial activity at a low ebb. Leaders across steel building autos and real estate expect a slow spring rise after a prolonged downturn, with inventories being cleared and modest gains in production and demand anticipated.
MENTIONED IN THIS ARTICLE
Orton B. Motter
New York
Aluminum Industry Sees Record Purchases in 1937
George J. Stanley of Aluminum Company of America notes 1937 marked higher aluminum purchases than any previous year as new uses boosted demand. Virgin aluminum price fell from 8 dollars to 20 cents per pound over 50 years, while costs rose. Competition increased from scrap metal and higher foreign imports.
MENTIONED IN THIS ARTICLE
Great Britain
Scandinavia
South America
America
Walter S. Tower
American Iron and Steel Institute
Pittsburgh
Cleveland
George J. Stanley
Aluminum Company of America
Industry Leaders Predict 1938 Upswing After 1937 Progress
Rubber industry president B F Goodrich cites 1937 gains in manufacturing and research, with shipments similar to 1936 but higher demand for rubber products. Oil industry president Standard Oil NJ Foresees best earnings year since 1929 and expects steady or higher demand in 1938 with large capital outlays planned totaling around 13 billion dollars.
MENTIONED IN THIS ARTICLE
B. Robertson
B. F. Goodrich Company
W. 8S
Farish
Standard Oil Company of
New Jersey
Meat Packing Outlook From Swift on 1936 Drought Effects
G F Swift and Company chairman notes the 1936 drought reduced cattle and lighter hogs, with relief from 1937 feed crops but full recovery delayed. Hog numbers unlikely to return to normal before 1940 as fewer animals entered market and weights stayed light.
MENTIONED IN THIS ARTICLE
G. F. Swift
Swift and Company
Pulp and Paper Industry Outlook for 1928 Optimistic
Orton B. Brown, vice president of the Brown Company, states the pulp and paper industry faces the new year with considerable optimism. He cites improving demand, stable prices, and continued investment in capacity as key drivers for growth.
MENTIONED IN THIS ARTICLE
Pulp and Paper
Orton B. Brown
Brown Company
Also Mentioned on This Page
Cae
Roger Babson
Pall
Sartin Day Cleaning CO
South Main Street
Standard Service
Sanitone Service
Sartin Dry Cleaning CO
Master Cleaners and Dyer
Leonard P. Ayres
Cleveland Trust Company
Lionel D. Edie
Capital Research Company of
Mer
Thomas S. Holden
F. W. Dodge Corporation
United States
Alvan Cauley
Packard Car Company
Automobile Indy
Nok Oric
Englis
Parllee
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