As Spring passes into Summer, it becomes more and more apparent that American business will not really get its bearings until the political conventions are over, and until the results of the Fall's election as far as they will affect trade can be intelligently fore cast. With the Democratic candi date still unknown, both "platforms" yet unannounced, and the seriousness of La Follette's third party gesture not clearly determined, a tone of hesitation in the markets is quite natural.
Nevertheless, it is scarcely safe to conclude with...
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