WAR-PROFIT TAXES AND THEIR RECORDS; Unusual Gains of Business or Industry From Conflicts May Spur Legislation CONDITIONS ARE CHANGED But Underlying Principles of 1914-19 Era Are Found Broadly the Same Position Differs From 1914 First Excess Profits Tax WAR-PROFIT TAXES AND THEIR RECORDS
Anticipated shortages of certain materials and commodities, by reason of the outbreak of war in Europe, are already in evedence in the markets. While for the present these indicators merely reflect expectations of increased exports, if these materialize they will be accompanied by unusual business gains or "war profits."