Word: indexable
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Last week TIME'S Index of Business Conditions was again off a minuscule amount-from 98.8 to 98.5. The public's spending for trade purposes held steady, but spending in big cities was sharply off, due to the lack of financing activity. There was a slight indication of increased borrowing by businessmen for inventory purposes...
...observer of the changing business scene, I shall welcome into my home another index to supplement and affirm-or disaffirm-other series...
...particularly interested in your choice of Townsend-Skinner & Co. as a service company. Will TIME'S Index illustrate the Skinner theory...
...Skinner has evolved a number of formulas for watching this financial ebb & flow as it relates to various factors such as stock prices, bond prices, commodity prices, etc. TIME applies this same method not as a measure of business volume but of business' financial soundness-i.e., an Index of Business Conditions. The resulting Index differs radically from the several specialized indexes Mr. Skinner has developed for his own weekly service to clients...
Fortnight ago, TIME'S Index of Business Conditions, having fallen steadily during January, was tidily up. Whether this marked the beginning of a new upward trend remained in doubt last week as the Index showed a slight decline of .4 points-from 99.2 to 98.8. The public's spending was off everywhere except in financial centres, where the North American Co.'s $105,000,000 refunding produced a spurt-which is likely to prove brief since no big capital issues are scheduled for the next few weeks...