The Stock Exchange remained the liveliest feature of business during the past week. Motor shares, "bulled" for weeks to unaccustomed heights, became at length top-heavy. Thus the "technical condition" of the stock market became very weak; news of the Boston Reserve Bank's rate advance was enough to topple the motor stocks over in a record day of 3,400,000 share sales. Because of this unprecedented volume, many ignorant people concluded that a panic had started. As a matter of fact, nothing of the sort developed. The smash in motors was simply a large-scale...
To continue reading:
or
Log-In
