Bulls, of whom there were many, and bears, of whom there were few, looked last week toward Philadelphia. Traders felt, and with reason, that the deliberations of 5,400 U. S. bankers, gathered for the meeting of the American Bankers' Association, held a more or less potent threat to the stockmarket. Many a banker, speaking for himself or his bank, had warned against frenzied speculation. The market had kept its strength, had soared through a record month. But traders feared the effect of a solemn and public pronouncement...
To continue reading:
or
Log-In
