In the confusion that followed the death of NRA the stockmarket went into a sharp decline. With this false movement well in mind, the market hesitated for only a few hours after the overthrow of AAA, then surged upward in a series of 3,000,000-share days that last week carried the industrial averages to new highs since November. Thus did business register its long view on the aftermath of AAA.* However, most businessmen were more concerned last week with the immediate results of AAA's passing upon these commodities:
Cotton was the only regulated farm...
To continue reading:
or
Log-In
