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Babson Sees Farm Prospects Boosting Economy But Warns Short-Lived Setback
Rabid bullish note on farm outlook from Roger W. Babson contrasts with ongoing stock market weakness. He cites crop prospects, rising prices, and livestock conditions in the North Central states, while warning that another drought or higher building costs could stall a revival. He notes urban centers like Chicago and Milwaukee showing strong signals, with expectations of decentralized industry and more branch plants as labor costs rise.
MENTIONED IN THIS ARTICLE
Roger W. Babson
Kansas City
North Central States
Europe
Wall Street
Illinois
Wisconsin
Minnesota
Dakotas
Micago
Milwaukee
Peoria