The unparalleled world-wide economic depression has continued through the
year. Due to the European collapse, the situation developed during last
fall and winter into a series of most acute crises. The unprecedented
emergency measures enacted and policies adopted undoubtedly saved the
country from economic disaster. After serving to defend the national
security, these measures began in July to show their weight and influence
toward improvement of conditions in many parts of the country. The
following tables of current business indicators show the general economic
movement during the past eleven months.