Business & Finance: Current Situation: Aug. 4, 1924

The past week saw no new devel- opments in the U. S. There was a continuation and even a deepening of tendencies already recognized. Wheat continued to soar in one of the most sensational recoveries on record. Farmers were cheerful. Rural bankers breathed easier, and bank failures in the West were halted. Mail-order houses, farm implement people and others who sell to farmers reported a distinct turn for the better. North and middle west- ern roads were optimistic because of increased freights, not only of grain going east but heavier farmers' purchases going west. In...

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