The Archive · 1938

Business Upturn Encourages Roosevelt

Washington, Oct. 25.

The recent business upturn, led by steel and automobiles, encouraged President Roosevelt as he resumed study today of the budget deficit problem, the solution of which largely depends on a sharp curtailment of the relief spending programme.

The upward trend of business is immediately important politically as well as economically because of the November Congressional elections in a fortnight.

Polls and individual surveys forecast Republican gains because the farm prices have slumped despite the New Deal programmes and through the depression has been checked. The first New Neal re-employment dri however, was not expected to shift Congressional control—United Press.

Text read from the printed page and cleaned; old type leaves the occasional error.

Your account