Business: Current Situation: Nov. 12, 1923

The center of the American busi ness stage has been almost monopolized by the stock market during the past week. Ten days ago share prices were distinctly weak; of the speculative "leaders," Can declined ¼ in a day, Baldwin ⅞, Studebaker ⅞, Steel 1⅛. Even the reliable chain stores sold off sharply. Stewart Warner dropped 3¾.

Then came the turn. Late one afternoon, U. S. Steel revealed a fine quarterly statement, declared an extra dividend of ¼. Next morning, by curious coincidence — if it was a coincidence — the redoubtable Jesse L. Livermore...

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