After the election results were received and digested by the public, the stock market proceeded to go immediately on record as optimistic of the business future. The obliteration of LaFollettism removed a heavy prejudice against rail securities; at the same time, basic industries like steel and oil gave signs of expansion and higher prices.
Money shows a slightly firmer tendency, despite the fact that call funds have again gone back to the 2% midsummer rate. Nevertheless, the overwhelming sufficiency of funds here precludes much danger of an action in interest rates according...
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