Business & Finance: The Peak?

The pronounced downward movement on the Stock Exchange has given rise to conjectures by the business world as to whether the peak in business activity has not already been reached. The well known ability of the stock market to " discount" future conditions has led some business leaders to anticipate the Autumn situation this year with less complacency. Industrial news, containing as it did reports of price cuts in oil and weakness in cotton and sugar, tended in general to confirm such less optimistic opinion, although April pig production set another high...

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