Business & Finance: Current Situation: Dec. 22, 1924

With the Christmas shopping season at hand, other business phenomena for the time being are of secondary interest and importance. Indications are for a very good retail trade, although in some quarters it is apparent that merchants have not stocked their shelves heavily. The Manhattan stock market, last week, encountered its first important reaction, so long expected. The slump in prices proved only temporary, however, particularly in the good rails, and failed to indicate any real halt to the rising market.

It is to industrial conditions, therefore, rather than to stock prices, that...

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