AMERICAN PROSPERITY
WARNING TO THE NATION j NEED TO OBSERVE CAUTION (Received Jlay (>, 5.5 p.m.) WASHINGTON, May 5 The Secretary of Commerce. Mr. Daniel C. Roper, in a statement, warned the nation that the rapidlyiniprov ing business conditions in the United States were largely due to foreign expenditures on armaments. He cautioned manufacturers against increasing the capacities of their plants and engaging in other unguarded expansions. Mr. Roper indicated that such conditions cannot last, and will be followed by recessions if precautions are Hot taken.
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New Zealand Herald, Volume LXXIV, Issue 22722, 7 May 1937, Page 11
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85AMERICAN PROSPERITY New Zealand Herald, Volume LXXIV, Issue 22722, 7 May 1937, Page 11
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