Year in Review Signals Stable Economic Readjustment
A Washington Post summary analyzes year 111 financials noting a shift from panic selling to gradual readjustment driven by supply demand balance. It cites antitrust legal developments, Interstate Commerce Commission rate decisions, and notable court actions shaping a slower but steady recovery for rail, tobacco, and industrial sectors amid subdued inflation and improving business confidence.
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Steel industry activity shows unusual year-end orders
Steel companies placed six extra furnaces and rail orders boosted capacity to about 79 percent for the new year. Railway purchases surged with 540000 tons of rails and 78000 cars, while bridges and fabricated steel backed by New York contracts. Overall December output exceeded 40 million tons with year total near 23 million tons.
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Fria r Lands Sales Opposed by Anti Imperial League
A Boston protest letter from Moorfield Storey and Living Winslow of the Anti Imperialist League condemns further sales of the Philippines fuiay lands. They argue such sales threaten Philippine independence and strain U S relations by creating conflicting interests amid Congressional deliberations.
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