The uneasiness of the stock market, its fitful rises and falls, and its air of being about to start in both directions, has reflected the general business outlook. Some branches of trade and business are better, some worse. The spurt of the steel trade is reassuring, granted that former criteria are anything to judge by. On the other hand, the much-touted business cycle does not seem much in evidence just now, or to have marked tendencies of any kind. Industrial leaders make optimistic speeches, bankers are acting noncommittal, philosophers and Senators debate, merchants...
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