Business: Current Situation: May 19, 1924

As statistics on business continue to come in, it is apparent that the months of February and March this year marked a "peak" in the most active industries. April has seen a consistent decline in the basic industries, particularly iron and steel, and the assumption now seems to be for a quiet Summer, with a possible rally in the markets in the Fall if the likelihood for Mr. Coolidge's re-election is strong.

Just at present certain industries are very sickĀ—the leather, textile and fertilizer lines are examples. Other industries are not well,...

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