BUSINESS & FINANCE
By last week it was apparent to even the most confirmed optimist that the U. S. is in the midst of a business depression quite severe enough to explain the 40% drop of the New York stock market in the past three months. But in Wall Street there is still much talk that the market's fall is due primarily to such "technical reasons" as lack of liquidity brought on by too much Government regulation. Regarded, therefore, as something of a seer is the Stock Exchange's President Charles R. Gay, who sounded off...
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