Only Favorable

Month ago, financial writer and Lecturer L. Merle Hostetler decided that business men's "confidential" news letters were too gloomy, began experimenting with a letter of his own "openly and avowedly a resume of only the favorable features in the outlook for trade, industry and finance." Result was Hostetler's Good News Letter. With a suddenly bullish stockmarket. Good News had plenty of good news for this week:

"Cash is still abundant: Last week: 'Joe Louis fights for $900,000 gate.' . . .

"Textile sales spurt. . . .

"Arkansas Power Co. plans to build dam. . . .

"Bond prices past low point. . . ."

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