Business: Current Situation: Aug. 18, 1924

Industry and trade are in the doldrums, which is partly due to seasonal causes, and partly to more serious factors. Steel and iron, motors and textiles seem distinctly stale. The oil industry seems unable to halt overproduction. Landlords are beginning to wonder whether enough tenants are going to "come back from the shore" this Fall to occupy all the available shops, houses and apartments. Merchants are keeping their stocks down and their hopes up. Enthusiasm, curiously enough, seems confined to agriculture and finance. For once, the wheat farmers and Wall Street are...

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