Several generally astute students of business have ventured the opinion that the U. S. is now about half way through a minor business reaction, and prophesy improved conditions by Autumn. The principal uncertain quantity in this analysis of the business situation is invariably stated to be the obscure and unpredictable effects and results of the coming political campaign.
Money is easy, and promises to remain so. For this reason any sharp and painful contraction in trade is unlikely. Business is at present drifting, with little or no wind in its sails. The present...
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