Business & Finance: Business: The Current Situation: Apr. 6, 1925

Hard on the heels of an unprecedented break in wheat came a severe reaction in the stockmarket. With money rates rising slowly, and an evident tendency on the part of Secretary Mellon (who, incidentally, is Chairman of the Federal Reserve Board) to look askance at the large sums of money loaned hy banks on stocks and bonds, such a fall in share prices is not fundamentally surprising. There has been the further factor of evident over production in many basic industries to give pause to undue optimism.

For the last two years,...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!