Business & Finance: Business: The Current Situation: Jul. 28, 1924

The developments of the past week in American business here centered in the improved outlook for farmers and its probable consequences.

Money continues cheap, and industry continues in poor shape, except in a few departments, such as chain stores and utilities. Railroads, although earnings are showing a tendency to decline temporarily, are daily more cheerful over their prospects. Yet through all this there is an unusual dearth of novel or sensational news.

The consequences of agricultural prosperity are many and important. First, they will lead to conservative politics this Fall, and favor the re-election of Mr. Coolidge. By improving the farmer's buying power...

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