The Chronicle Telegram in Elyria, Ohio

Babson sees modest revival after July dip in 1934

Babson Park Massachusetts July 13 1934 business conditions show a July drop from last year with stock markets at multi year lows. Building costs high and housing activity weak yet signs point to potential recovery through new housing legislation and lower money rates. Bond markets remain firm with several large offerings signaling revived financing and overall upward trend in business and prices despite a brief downturn.