Finance: The Market

The financial markets reflected the current situation in general business several months ago; the "discounting" performed by the stock market last fall is now quite clear to every one. The problem now before the securities markets consists of similarly forecasting what the situation will be next autumn. The present rate of industrial production has accelerated so swiftly that doubts are now beginning to be entertained in Wall Street as to the ability of this movement to endure. As a result, prices of shares on the Stock Exchange have proved irregular at high levels,...

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