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Page 1: Role of Inventories in Cyclical FluctuationsNational Bureau of Economic Research, 1950. Pp. xi, 632. Review: by A. H. Hansen, AMERICAN ECONOMIC REVIEW, XLI, September, 1951, pp. 705-03

C. INVENTORIES

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Page 2: Role of Inventories in Cyclical FluctuationsNational Bureau of Economic Research, 1950. Pp. xi, 632. Review: by A. H. Hansen, AMERICAN ECONOMIC REVIEW, XLI, September, 1951, pp. 705-03

ABRAMOVITZ, Moses

INVENTORIES AND BUSINESS CYCLES. New York, National Bureau of Economic Research, 1950. Pp. x i , 632.

Review: by A. H. Hansen, AMERICAN ECONOMIC REVIEW, XLI, September, 1951, pp. 705-03.

Empirical study of business cyc les—sta t i s t i ca l findings interwoven with theore t i ca l ana lys i s .

P t . I : Role of inventories in business cycle l i t Cyclical behavior of inventory stocks

I I I : Cyclical behavior of investment

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Page 3: Role of Inventories in Cyclical FluctuationsNational Bureau of Economic Research, 1950. Pp. xi, 632. Review: by A. H. Hansen, AMERICAN ECONOMIC REVIEW, XLI, September, 1951, pp. 705-03

ABRAMOVITZ, Moses

Inventories and Business Cycles—With Special Reference to Manufacturers Inventories. Studies in Business Cycles No. 4. Nev York: National Bureau of Economic Research, 1950. Pp. xxxvi, 632.

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Page 4: Role of Inventories in Cyclical FluctuationsNational Bureau of Economic Research, 1950. Pp. xi, 632. Review: by A. H. Hansen, AMERICAN ECONOMIC REVIEW, XLI, September, 1951, pp. 705-03

ABRAMOVITZ, Moses

Influence of inventory investment on business cycles, in Conference on Business Cycles.

NY: NBER, 1951

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Page 5: Role of Inventories in Cyclical FluctuationsNational Bureau of Economic Research, 1950. Pp. xi, 632. Review: by A. H. Hansen, AMERICAN ECONOMIC REVIEW, XLI, September, 1951, pp. 705-03

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Page 6: Role of Inventories in Cyclical FluctuationsNational Bureau of Economic Research, 1950. Pp. xi, 632. Review: by A. H. Hansen, AMERICAN ECONOMIC REVIEW, XLI, September, 1951, pp. 705-03

ABRAMOVITZ, M o s e s

AN APPROACH TO A PPICE THEOFY FOP A CHANGING ECONOMY.

New Y o r k : 3939.

makes theory of inventory an integral element in his analysis of prices .

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Page 7: Role of Inventories in Cyclical FluctuationsNational Bureau of Economic Research, 1950. Pp. xi, 632. Review: by A. H. Hansen, AMERICAN ECONOMIC REVIEW, XLI, September, 1951, pp. 705-03

ARCHIBALD, G. C.

Inventory investment and the share of vages in manufacturing income, ECONOMIC JOURNAL, LXV, June, 1955, pp. 257-270.

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Page 8: Role of Inventories in Cyclical FluctuationsNational Bureau of Economic Research, 1950. Pp. xi, 632. Review: by A. H. Hansen, AMERICAN ECONOMIC REVIEW, XLI, September, 1951, pp. 705-03

ARHOV, Kenneth J., Theodore Harris, and J. Marschak

Optimal Inventory Policy, ECONOMETRICA, v. 19, July 1951.

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Page 9: Role of Inventories in Cyclical FluctuationsNational Bureau of Economic Research, 1950. Pp. xi, 632. Review: by A. H. Hansen, AMERICAN ECONOMIC REVIEW, XLI, September, 1951, pp. 705-03

Arrow, K. J. and T. Harris and J. Marschak

Optimal Inventory Policy, Econometrica, V, 19, July 1951, pp. 250-72

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Page 10: Role of Inventories in Cyclical FluctuationsNational Bureau of Economic Research, 1950. Pp. xi, 632. Review: by A. H. Hansen, AMERICAN ECONOMIC REVIEW, XLI, September, 1951, pp. 705-03

ARROW, Kenneth J. HARRIS, Theodore, and MARSCHAK, J.

Optimal Inventory Policy, ECONOMETRICA, Vol. 19, July, 1951.

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Page 11: Role of Inventories in Cyclical FluctuationsNational Bureau of Economic Research, 1950. Pp. xi, 632. Review: by A. H. Hansen, AMERICAN ECONOMIC REVIEW, XLI, September, 1951, pp. 705-03

ARTHUR, Henry B.

Inventory profits in the business cycle, AMERICAN ECONOMIC REVIEW, XXVIII, March, 1938, pp. 27-40.

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Page 12: Role of Inventories in Cyclical FluctuationsNational Bureau of Economic Research, 1950. Pp. xi, 632. Review: by A. H. Hansen, AMERICAN ECONOMIC REVIEW, XLI, September, 1951, pp. 705-03

ARTHUR, H. B.

Inventory profits in the business cycle. AMERICAN ECONOMC REVIEW, xxviii,-

**r 1938, pp. 27'-A0

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Page 13: Role of Inventories in Cyclical FluctuationsNational Bureau of Economic Research, 1950. Pp. xi, 632. Review: by A. H. Hansen, AMERICAN ECONOMIC REVIEW, XLI, September, 1951, pp. 705-03

ARTHUR, Henry B.

Inventory profits in the business cycle, AMERICAN ECONOMIC REVIEW, XXVIII, March, 1938, pp. 27-40.

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Page 14: Role of Inventories in Cyclical FluctuationsNational Bureau of Economic Research, 1950. Pp. xi, 632. Review: by A. H. Hansen, AMERICAN ECONOMIC REVIEW, XLI, September, 1951, pp. 705-03

BARBER, Clarence L.

Inventory f luctuations in Canada, 1918-1950, THE CANADIAN JOURNAL OF ECONOMICS & POLITICAL SCIENCE, XVIII, No* 3 , August, 1952.

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Page 15: Role of Inventories in Cyclical FluctuationsNational Bureau of Economic Research, 1950. Pp. xi, 632. Review: by A. H. Hansen, AMERICAN ECONOMIC REVIEW, XLI, September, 1951, pp. 705-03

Bay-be.*" C •«.

/*?/r-yo £*„ . J. js gc. > P.&.

7 . /»v»-i

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Page 16: Role of Inventories in Cyclical FluctuationsNational Bureau of Economic Research, 1950. Pp. xi, 632. Review: by A. H. Hansen, AMERICAN ECONOMIC REVIEW, XLI, September, 1951, pp. 705-03

BAOMOL, ¥. J.

The Transactions Demand for Cash: An Inventory Theoretic Approach, v*T£> LXVI, Nov. 1952, pp> 545-56.

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Page 17: Role of Inventories in Cyclical FluctuationsNational Bureau of Economic Research, 1950. Pp. xi, 632. Review: by A. H. Hansen, AMERICAN ECONOMIC REVIEW, XLI, September, 1951, pp. 705-03

BLODGETT, Balph H.

CYCLICAL FLUCTUATIONS IN COMMODITY STOCKS. Philadelphie* University of Pennsylvania Press, 1935, Pp. x i i + 177.

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Page 18: Role of Inventories in Cyclical FluctuationsNational Bureau of Economic Research, 1950. Pp. xi, 632. Review: by A. H. Hansen, AMERICAN ECONOMIC REVIEW, XLI, September, 1951, pp. 705-03

BLODGETT, R. H.

CYCLICAL FLUCTUATIONS IN COMMODITY STOCKS. Philadelphia: University of Pennsylvania Press, 1935. Pp. x i i , 177.

Review: by J. M. McDaniel, AMERICAN ECONOMIC REVIEW,

XXV, June, 1935, pp. 313-4-

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Page 19: Role of Inventories in Cyclical FluctuationsNational Bureau of Economic Research, 1950. Pp. xi, 632. Review: by A. H. Hansen, AMERICAN ECONOMIC REVIEW, XLI, September, 1951, pp. 705-03

KALDOR, Nicholas

Speculation and economic stability, REVIEW OF ECONOMIC STUDIES, Vol. VII,

October, 1939.

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Page 20: Role of Inventories in Cyclical FluctuationsNational Bureau of Economic Research, 1950. Pp. xi, 632. Review: by A. H. Hansen, AMERICAN ECONOMIC REVIEW, XLI, September, 1951, pp. 705-03

LACHMANK, L. M. and SMPPER, F.

Commodity stocks in the trade cycle, ECONOMICA V, new series, 1938, pp. 435-454

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Page 21: Role of Inventories in Cyclical FluctuationsNational Bureau of Economic Research, 1950. Pp. xi, 632. Review: by A. H. Hansen, AMERICAN ECONOMIC REVIEW, XLI, September, 1951, pp. 705-03

LACHMANN, L. M. and SNAPPER, F.

Commodity stocks in the trade cycle, ECONOMICA,

November, 1938. Pp. 20.

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Page 22: Role of Inventories in Cyclical FluctuationsNational Bureau of Economic Research, 1950. Pp. xi, 632. Review: by A. H. Hansen, AMERICAN ECONOMIC REVIEW, XLI, September, 1951, pp. 705-03

LACHMAM, L. M.

Commodity stocks and equilibrium.

REVIEW OF ECOHOMIC STUDIES, III, 1935-36, pp. 230-234-

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Page 23: Role of Inventories in Cyclical FluctuationsNational Bureau of Economic Research, 1950. Pp. xi, 632. Review: by A. H. Hansen, AMERICAN ECONOMIC REVIEW, XLI, September, 1951, pp. 705-03

LACEX, K*

"Commodity Stocks and the Trade Cycle, * ECONOMICA, February, 1944*

Pp. 7.

Morris, H.: Commodity Stocks and the Trade Cycle: P Bote,* ibid*, August, 1944*

Pp. 2. Lacey, K.: Commodity Stocks and the Trade Cyclet a

reply (to H. Horris),±b±d., Aug., 1944» Pp- 3-

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Page 24: Role of Inventories in Cyclical FluctuationsNational Bureau of Economic Research, 1950. Pp. xi, 632. Review: by A. H. Hansen, AMERICAN ECONOMIC REVIEW, XLI, September, 1951, pp. 705-03

LIVINGSTON , S. M.

Expansionary force of inventory o u t l a y s , SURVEY OF CURRENT BUSINESS,

May, 1947. Pp. 5-

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Page 25: Role of Inventories in Cyclical FluctuationsNational Bureau of Economic Research, 1950. Pp. xi, 632. Review: by A. H. Hansen, AMERICAN ECONOMIC REVIEW, XLI, September, 1951, pp. 705-03

MACK, Ruth P.

The process of capital formation in inventories and the vertical propagation of business cycles, THE REVIEW OF ECONOMICS & STATISTICS, XXXV, Aug. 1953, pp. 181-198.

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Page 26: Role of Inventories in Cyclical FluctuationsNational Bureau of Economic Research, 1950. Pp. xi, 632. Review: by A. H. Hansen, AMERICAN ECONOMIC REVIEW, XLI, September, 1951, pp. 705-03

METZLER, Lloyd A*

Factore gcmei9sin& the length of ixrce&tory cycles, REVIEW OF ECONOMIC STATISTICS, UIX, no. 1, Feb. 1947, pp. 1-15.

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Page 27: Role of Inventories in Cyclical FluctuationsNational Bureau of Economic Research, 1950. Pp. xi, 632. Review: by A. H. Hansen, AMERICAN ECONOMIC REVIEW, XLI, September, 1951, pp. 705-03

<Mwets ujtiej *nd ike Mcx/em "Theory of

E«npb^n>ent/' fl£R YoP. 36, J«>Mr /<Kfc .

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Page 28: Role of Inventories in Cyclical FluctuationsNational Bureau of Economic Research, 1950. Pp. xi, 632. Review: by A. H. Hansen, AMERICAN ECONOMIC REVIEW, XLI, September, 1951, pp. 705-03

l*i

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Page 29: Role of Inventories in Cyclical FluctuationsNational Bureau of Economic Research, 1950. Pp. xi, 632. Review: by A. H. Hansen, AMERICAN ECONOMIC REVIEW, XLI, September, 1951, pp. 705-03

METZLER, L. A.

The nature and stability of inventory cycles, REVIEW OF ECON. STATISTICS, XXIII

1941, pp. 113-129.

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Page 30: Role of Inventories in Cyclical FluctuationsNational Bureau of Economic Research, 1950. Pp. xi, 632. Review: by A. H. Hansen, AMERICAN ECONOMIC REVIEW, XLI, September, 1951, pp. 705-03

TUe HAtu^e and ^frubilihu */* iMoen(-or<j CycGxo

to V.A3 /&? • / * * / fp //3-A<f .

fti/s

ft? lOS'-lf .

T W C M P WifiUiMeHAT -%* aLCcxe^^, d

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Page 31: Role of Inventories in Cyclical FluctuationsNational Bureau of Economic Research, 1950. Pp. xi, 632. Review: by A. H. Hansen, AMERICAN ECONOMIC REVIEW, XLI, September, 1951, pp. 705-03

METZLER, Lloyd Look up his work-on inventory cycles which Prof. Schumpeter commends highly.

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Page 32: Role of Inventories in Cyclical FluctuationsNational Bureau of Economic Research, 1950. Pp. xi, 632. Review: by A. H. Hansen, AMERICAN ECONOMIC REVIEW, XLI, September, 1951, pp. 705-03

METZLER, L. A.

Fac6ors governing the length of inventory cycles

RES, Feb. 1947

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Page 33: Role of Inventories in Cyclical FluctuationsNational Bureau of Economic Research, 1950. Pp. xi, 632. Review: by A. H. Hansen, AMERICAN ECONOMIC REVIEW, XLI, September, 1951, pp. 705-03

METZLER, Lloyd

The nature and stability of inventory cycles, HEVIEtf OF ECONOMIC STATISTICS, XXIII, no* 3, August,

August, 1941* pp* 113-129*

Factors governing the length of inventory cycles, ibid., February, 1947.

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Page 34: Role of Inventories in Cyclical FluctuationsNational Bureau of Economic Research, 1950. Pp. xi, 632. Review: by A. H. Hansen, AMERICAN ECONOMIC REVIEW, XLI, September, 1951, pp. 705-03

METZLER, Lloyd

Factors governing the length of inventory cycles, REVIEW OF ECONOMIC STATISTICS,

February, 1947. Pp. 15.

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Page 35: Role of Inventories in Cyclical FluctuationsNational Bureau of Economic Research, 1950. Pp. xi, 632. Review: by A. H. Hansen, AMERICAN ECONOMIC REVIEW, XLI, September, 1951, pp. 705-03

METZLER, L. A.

The nature and stability of inventory cycles, REVIEW OF ECONOMIC STATISTICS,

August, 1941. Pp. 17.

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Page 36: Role of Inventories in Cyclical FluctuationsNational Bureau of Economic Research, 1950. Pp. xi, 632. Review: by A. H. Hansen, AMERICAN ECONOMIC REVIEW, XLI, September, 1951, pp. 705-03

MILLS, E. S.

Professor Nurkse on Inventory Cycles, OXFORD ECONOMIG PAPERS, Vol. 7, No. 2, June, 1955, pp. 226-228.

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Page 37: Role of Inventories in Cyclical FluctuationsNational Bureau of Economic Research, 1950. Pp. xi, 632. Review: by A. H. Hansen, AMERICAN ECONOMIC REVIEW, XLI, September, 1951, pp. 705-03

MILLS, E. S.

Expectations, Uncertainty and Inventory Fluctuations, THE REVIEW OF ECONOMIC STUDIES, XXII(k), No. 57, October, 1954.

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Page 38: Role of Inventories in Cyclical FluctuationsNational Bureau of Economic Research, 1950. Pp. xi, 632. Review: by A. H. Hansen, AMERICAN ECONOMIC REVIEW, XLI, September, 1951, pp. 705-03

MILLS, E. S.

Expectations, uncertainty and inventory fluctuations, REVIEW OF ECONOMIC STUDIES, m i ( l ) , 1954/55.

8 pp.

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Page 39: Role of Inventories in Cyclical FluctuationsNational Bureau of Economic Research, 1950. Pp. xi, 632. Review: by A. H. Hansen, AMERICAN ECONOMIC REVIEW, XLI, September, 1951, pp. 705-03

MILLS, E. S.

Expectations, uncertainty and inventory fluctuations, REVIEW OF ECONOMIC STUDIES, XXII(k), No. 57, October, 1954.

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Page 40: Role of Inventories in Cyclical FluctuationsNational Bureau of Economic Research, 1950. Pp. xi, 632. Review: by A. H. Hansen, AMERICAN ECONOMIC REVIEW, XLI, September, 1951, pp. 705-03

NURKSE, Ragnar

"Period analysis and inventory cycles,11

OXFORD ECONOMIC PAPERS, Volume VI, No. 3, September 1954, PP. 203-25.

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Page 41: Role of Inventories in Cyclical FluctuationsNational Bureau of Economic Research, 1950. Pp. xi, 632. Review: by A. H. Hansen, AMERICAN ECONOMIC REVIEW, XLI, September, 1951, pp. 705-03

NUBKSE, Eagnar

"Period Analysis and Inventory Cycles," OXFORD ECONOMIC PAPERS, (New Series) Vol. 6, No. 3, September, 1954* pp. 203-25.

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Page 42: Role of Inventories in Cyclical FluctuationsNational Bureau of Economic Research, 1950. Pp. xi, 632. Review: by A. H. Hansen, AMERICAN ECONOMIC REVIEW, XLI, September, 1951, pp. 705-03

NURKSE, Bagnar

"The cyclical pattern of inventory investment QJE, LXVI, Aug. 1952, pp. 385-408.

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Page 43: Role of Inventories in Cyclical FluctuationsNational Bureau of Economic Research, 1950. Pp. xi, 632. Review: by A. H. Hansen, AMERICAN ECONOMIC REVIEW, XLI, September, 1951, pp. 705-03

NURKSE, Ragnar

The cyclical pattern of inventory investment, QUARTERLY JOURNAL OF ECONOMICS, LXVI, August, 1952, pp. 385-4-08.

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Page 44: Role of Inventories in Cyclical FluctuationsNational Bureau of Economic Research, 1950. Pp. xi, 632. Review: by A. H. Hansen, AMERICAN ECONOMIC REVIEW, XLI, September, 1951, pp. 705-03

NDRKSE, Ragnar

The cyclical pat tern of inventory investment, THE QUARTERLY JOURNAL OF ECONOMICS, LXVI, August, 1952.

MILLS, E. S.: Professor Nurkse on Inventory Cycles, OXFORD ECONOMIC PAPERS, Vol, 7, June, 1955, pp. 226-28.

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Page 45: Role of Inventories in Cyclical FluctuationsNational Bureau of Economic Research, 1950. Pp. xi, 632. Review: by A. H. Hansen, AMERICAN ECONOMIC REVIEW, XLI, September, 1951, pp. 705-03

PARADISO, L, J.

Significance of inventories in the current economic situation, JOURNAL OF THE AMERICAN STATISTICAL ASSOCIATION,

September, 1943* 16 pp.

Recession and recovery, 1948/

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Page 46: Role of Inventories in Cyclical FluctuationsNational Bureau of Economic Research, 1950. Pp. xi, 632. Review: by A. H. Hansen, AMERICAN ECONOMIC REVIEW, XLI, September, 1951, pp. 705-03

PARADISG, Louis J.

Significance of Inventories in the Current Economic Situation. J. of Am. Stat . Assn., Vol. 43, Sept. 1948, 361-76

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Page 47: Role of Inventories in Cyclical FluctuationsNational Bureau of Economic Research, 1950. Pp. xi, 632. Review: by A. H. Hansen, AMERICAN ECONOMIC REVIEW, XLI, September, 1951, pp. 705-03

PUTNAM, George E.

The role of paper profits in industry, HARVARD BUSINESS REVIEW, Vol. IV, No. 2, January, 1926.

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Page 48: Role of Inventories in Cyclical FluctuationsNational Bureau of Economic Research, 1950. Pp. xi, 632. Review: by A. H. Hansen, AMERICAN ECONOMIC REVIEW, XLI, September, 1951, pp. 705-03

PUTNAM, George E.

The role of paper profits in industry, HARVARD BUSINESS REVIEW, Vol. IV, No. 2, January, 1926.

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Page 49: Role of Inventories in Cyclical FluctuationsNational Bureau of Economic Research, 1950. Pp. xi, 632. Review: by A. H. Hansen, AMERICAN ECONOMIC REVIEW, XLI, September, 1951, pp. 705-03

SHAW, E-. S.

Elements of a theory of inventory. JPE, XLVIII,.1940, pp. -465-485

/

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Page 50: Role of Inventories in Cyclical FluctuationsNational Bureau of Economic Research, 1950. Pp. xi, 632. Review: by A. H. Hansen, AMERICAN ECONOMIC REVIEW, XLI, September, 1951, pp. 705-03

SHAW, E. S.

Elements of a theory of inventory, JOURNAL OF POLITICAL ECONOMY,

August, 1940. Pp. 21.

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Page 51: Role of Inventories in Cyclical FluctuationsNational Bureau of Economic Research, 1950. Pp. xi, 632. Review: by A. H. Hansen, AMERICAN ECONOMIC REVIEW, XLI, September, 1951, pp. 705-03

SHAW, E. S.

Elements of &. theory of inventory, THE JOURNAL OF POLITICAL ECONOMI, XLVIII, No. 4, August, 1940, pp. 465-435.

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Page 52: Role of Inventories in Cyclical FluctuationsNational Bureau of Economic Research, 1950. Pp. xi, 632. Review: by A. H. Hansen, AMERICAN ECONOMIC REVIEW, XLI, September, 1951, pp. 705-03

WARSHOW, H. T.

Inventory valuation and the business cycle, HARVARD BUSINESS REVIEW, Vol. Ill, No. 1, October, 1924.

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Page 53: Role of Inventories in Cyclical FluctuationsNational Bureau of Economic Research, 1950. Pp. xi, 632. Review: by A. H. Hansen, AMERICAN ECONOMIC REVIEW, XLI, September, 1951, pp. 705-03

WAHSHOW, H. T.

Inventory valuation and the business cycle, HARVARD BUSINESS REVIEW, October, 1924.

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Page 54: Role of Inventories in Cyclical FluctuationsNational Bureau of Economic Research, 1950. Pp. xi, 632. Review: by A. H. Hansen, AMERICAN ECONOMIC REVIEW, XLI, September, 1951, pp. 705-03

VARSHOV, H. T.

Inventory Valuation and the Business Cycle, HARVARD BUSINESS REVIEW, Vol. I l l , No. 1 , October, 1924.

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Page 55: Role of Inventories in Cyclical FluctuationsNational Bureau of Economic Research, 1950. Pp. xi, 632. Review: by A. H. Hansen, AMERICAN ECONOMIC REVIEW, XLI, September, 1951, pp. 705-03

VHITIN, T. M.

THE THEORY OF INVENTORY MANAGEMENT. Princeton: Princeton University Press, 195 .

Inventory Control in Theory and Practice, QUARTERLY JOURNAL OF ECONOMICS, LXVI, November, 1952, pp. 502-521.

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Page 56: Role of Inventories in Cyclical FluctuationsNational Bureau of Economic Research, 1950. Pp. xi, 632. Review: by A. H. Hansen, AMERICAN ECONOMIC REVIEW, XLI, September, 1951, pp. 705-03

WilTIN, Thomson M.

THE THEORY OF INVENTORY MANAGEMENT. Princeton: Princeton University Press , 1953* Pp. 245.

Reviev: by Charles C. Holt, JOURNAL OF POLITICAL ECONOMY, LHI, Feb. , 1954, pp. 74 -5 .

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Page 57: Role of Inventories in Cyclical FluctuationsNational Bureau of Economic Research, 1950. Pp. xi, 632. Review: by A. H. Hansen, AMERICAN ECONOMIC REVIEW, XLI, September, 1951, pp. 705-03

WHITIH, T. M.

Inventory Control In Theory and Practice, *JE, LXVI, Hov. 1952, pp. 502-21.

forthcoming boook:

INVENTORY. CONTROL AND ECONOMIC THEORX. Princeton, Princeton University Press, 1953.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 58: Role of Inventories in Cyclical FluctuationsNational Bureau of Economic Research, 1950. Pp. xi, 632. Review: by A. H. Hansen, AMERICAN ECONOMIC REVIEW, XLI, September, 1951, pp. 705-03

WHITIN, T. M.

Inventory control in theory and practice, THE QUARTERLY JOURNAL OF ECONOMICS, LXVI, No. U, November, 1952.

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Page 59: Role of Inventories in Cyclical FluctuationsNational Bureau of Economic Research, 1950. Pp. xi, 632. Review: by A. H. Hansen, AMERICAN ECONOMIC REVIEW, XLI, September, 1951, pp. 705-03

WILSON, D. Stevens

Post-War Role of business Inventories.

SURVEY OF CURRENT BUSINESS, Oct. 1946.

Reprinted in COMM. & *!*. UHRONICLE, Oct. 31, 19^6

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis