Word: encoured
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Dates: during 1924-1924
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...real puzzle is with industrial securities. They have appreciated along with the rails, but more uncertainly and subject to larger reactions. Moreover, securities of different industries have behaved quite differently. Industrial news continues to become more encour- aging. Last week, the copper industry began to cheer up, as the iron and steel industry had already done. Yet prospects of any industrial boom are still far away, and the slowly rising market for most industrial securities seems to predict a powerful although quite grad- ual improvement in industry itself next spring...
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