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...feels that it takes more than simply cheap money to make a bull market, and pointed out that recently we had had bull markets when money was high. Mr. Livermore still believes that there is overproduction in almost all industrial lines, and until stocks are sold and output sufficiently regulated, industrial uncertainty is bound to continue. Politics he considers of only minor importance as far as the fundamentals are concerned. To his mind, the curtailment of acreage now being accomplished by wheat-growers, whose output had been artificially stimulated during the War period, is symbolic of what industrial concerns must...
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...real sensations of the Spring has been the unparalleled swift ness with which the output of pig iron has been curtailed. From the depth of the 1921 depression, pig production climbed fairly steadily until May, 1923, when it stood at 3,876,694 tons. From there it slumped to 2,920,982 tons in December last, and then rallied to 3,-466,086 tons last March. April, 1924, however, showed a reduction to 3,233,428 tons, and new figures for last May reveal the astonishing drop to 2,615,110 tons. From an average daily output...
...enthusiastically, while it delegates the French political crisis to the corner. Next year's prize editorial may be a repeater on President Coolidge. The vice-presidential nominee is hardly a "surprise". But so long as the American political machine is capable of producing nothing more interesting than its present output, the great American public will have to get its excitement from Russian revolutions. Nevertheless, this method of America's is probably the very best way to get rich, for revolutions and political kaleidoscopes cost much money. Perhaps this is why the Coolidge administration--such as it is has proved...