Washington, Jan. 22.
The conversations which were held recently at the White House between Mr. Adolf Perle, one of the leading New Deal advisers, and various prominent industrialists, wilt be followed up shortly by consultations between the President and financial and econo-mie leade Despite the President's insistence upon the abolition of holding companies, well-informed circles here are the opinion that the atmosphere is favourable ina greater degree for 9 general compromise, with President Roosevelt agreeing to yield to. the demands of the business leaders in the matter of lowering the tax on undistributed profits, while the industelalists would accept the principle of economic regulation by means. of legislation inspired by the New Deal a less severe form.
Text read from the printed page and cleaned; old type leaves the occasional error.