FIRST ISSUE OF "HARVARD BUSINESS REVIEW" APPEARS

The first issue of the "Harvard Business Review", a new quarterly periodical edited by the faculty and students of the University Business School and published by the A. W. Shaw Company of Chicago, appeared Saturday.

The larger part of the magazine is given over to leading articles contributed by business men and members of the Business School staff. They include papers on "The Taxation of Capital Gains" by Mr. G. O. May, senior partner of Price, Waterhouse & Co; "The Future of American Export Trade" by Dr. Julius Klein '13, director of the United States Bureau of Foreign and Domestic Commerce; "Bank Management and the Business Cycle" by O. M. W. Sprague '94, Professor of Banking and Finance in the Business School; "Bank Reserves" by Mr. F. H. Curtiss, chairman of the board and federal reserve agent of the Federal Reserve Bank of Boston; and "The Railroad Consolidation Plan in New England" by W. J. Cunningham, Professor of Transportation.