Business & Finance: Business: The Current Situation: Feb. 23, 1925

The financial markets have come to another halt. The stock market, digesting recent price-advances, has proved irregular and less active, while sterling exchange has also lingered on its way back to par. The wheat market has experienced a severe but apparently speculative break below $2.00. Iron and steel production has mounted rapidly to what is already being called its peak for 1925 by business forecasters.

Money still remains easy and interest rates low. Business is not yet making very serious inroads on the bank's loanable funds and, as a result, there is...

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