When the Suez Canal was closed, stocks of companies obtaining appreciable amounts of oil from the Middle East reacted adversely, while domestic oils advanced, anticipating a greater demand on their production. The President, the Congress, the Supreme Court, and all the attendant government agencies, bureaus, and committees can take action influencing the prospects for companies or industries.


The Bureau of Internal Revenue’s corporate or personal tax rulings, the Commodity Credit Corporation’s policies on commodity prices and lending, the Commerce Department’s business forecasts, the Farm Credit Administration’s schedule of prices for agricultural products, the Interstate Commerce Commission’s rulings on railroad freight rates — the list of actions and possible reactions is virtually endless.

Read widely and read regularly. Among other things, most financial information is carried in the form of charts, indexes, and averages that won’t make much sense until you have enough background to compare them with last month, the previous quarter, or a year ago.

You will want to stay abreast of general business investing and market news for your financial information, but, unless you are dealing in commodities, you will not pay much attention to the grain markets or coffee, sugar and onion futures.

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