Business: Summer in Wall Street

While general business is dull this Summer, the same cannot be said of finance. In the matter of vacations, as in many other things, Wall Street is opportunistic. During dull Summers, attendance in the Stock Exchange and in investment and commercial banking circles during July and August is notoriously slim. This Summer, however, the usual vacations are not being taken. Million share days on the Exchange have reappeared. Railroad mergers are not merely being discussed but being effected. Utility propositions are to the fore. The long-suffering bond salesman is coming back into...

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