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Dates: during 1930-1939
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PREDICT TIME WILL HAVE TO ADD TO STAFF TO HANDLE LETTER DELUGE THAT WILL RESULT FROM SLY EDITORS' NEW DEAL QUERY . . . [TIME, June 20]. EAGERLY I AWAIT THE COMING INEVITABLE THOUSAND DIFFERENT ATTEMPTED DEFINITIONS OF THE NEW DEAL...
...bill to do precisely that is the joint pet project of Senators O'Mahoney and Borah. Regardless of what else may result from the inquiry, their bill's eventual passage by Congress seems sure. But, as astute Columnist Raymond Clapper last week observed: "His struggle will not be to get the measure through, but to prevent some of the extreme New Dealers from loading it with more executive discretionary power than he wishes to allow...
...city of 500,000 population except Washington, D. C. has five daily newspapers. Result has been that only one- Frank Brett Noyes's stodgy Star-has made money; seldom have they achieved any particular journalistic distinction. Five years ago among the least distinguished was the Post. When former Federal Reserve Board Governor and RFC Chairman Eugene Meyer bought the rundown property in 1933 for $825,000, few thought that a banker, entering the publishing business at the age of 57, would make newspaper history...
...present low level of commodity prices not only chills business confidence and causes inventory losses but slows public buying in anticipation of still lower prices. Result is a general stagnation which continues until stocks are so depleted that extensive buying must be renewed, forcing prices to turn upward. Last week, Standard Statistics saw no sign of U. S. business reaching this fundamental crossroad in the immediate future. Neither did Colonel Leonard Porter Ayres in his monthly sound-off. True, solid gains in crop prices on the report of bad weather and rust jumped Moody's commodity index...
...last week's prices. Sample: September hides in Chicago were 8.79? a lb., in New York 8.58?. These prices are only about half what hides were bringing last year, for consumption of tanned leather was off 25% in the first four months this year. Despite this obvious result of Depression II, the industry is in pretty fair shape statistically. With production cut 30% in the first four months of 1938, inventories of tanned hides are 5.6%, of raw hides a full 22% under a year...