The very successful flotation of the German loan has indicated that subsequent foreign loans may fare well in U. S. financial centres, and the economic recovery of Europe be thereby hastened. There now remains the final hurdle of the presidential election, before the progress of U. S. business can be smooth or readily forecast. Most merchants, manufacturers and business men generally are engaged just now in "watchful waiting." The election of a conservative ticket seems assured—almost. Also, there is a growing realization that Congress will be a strange collection of partisan...
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