Midsummer dullness is falling on the markets, and a stability based upon considerable steady activity now reigns in most departments of business. Leading business men, after spending July looking in the financial heavens for signs and portents but detecting nothing particular, are now resigning themselves to brief vacations.
It is the consensus of opinion that the stockmarket should give the first warning signal of coming deflation, and that the key to the stockmarket lies in the money market. But the money situation is still unique in U. S. history; its unused resources...
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