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Irvington Gazette in Irvington, New York

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Newspaper

Irvington Gazette

Location

Irvington, New York, United States of America

Date

Dec 28, 1939

Page

3

Babson predicts 1940 first half boom despite uncertainty

Babson Park Mass December 28 1940 forecast that the first half of 1940 will be the best six months since 1929 with higher jobs wages farm prices profits and dividends though taxes and living costs are not expected to rise sharply. He cites looming war elections and policy debates but argues the economy will improve early 1940 before a possible second half downturn.

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Booming 1940 Outlook For Business And Farm Profits

The forecast projects a strong first half of 1940 with farm incomes up about ten percent from 1939 levels and consumer demand rising. Industrial activity, construction, and retail spending are expected to lift wages and profits, while farmers benefit from higher prices and eased credit, though drought remains a serious constraint in the West.

Also Mentioned on This Page

Congress Uncle Sam Toome Srobody Washinton Bret Patel Pew Mead Credit BU Federal Eldean Favatte Nace Ned Ore Mamiers Ranaiay Expo Renis Yoolen Lamb York King Cotton Elowe Tais Peters Joseph Maffucci Tel Irvington Katherine Billingham Hair and Beauty Culture South Dutcher Street Irvington, T Grand Union James Reich Carl von Schenck Bes Nick Tagliamonte Drial Parlof Irvington, N.Y
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