Business: Current Situation: May 25, 1925

Except for psychological factors, there was little change in business conditions during the past week. The continuance of easy money, of hand-to-mouth buying by dealers, of large consumption of relatively stable stock and commodity prices, made for a condition of prosperity without sensation. Except in a few industries, business was good, and most complaints that were heard were to the effect that current earnings were not the best on record-somewhat captious and unreasonable criticism.

The state of mind prevalent among business men, however, has recently changed. During the winter, a boom in trade was eagerly anticipated. When, by early spring, this common...

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