Abstract

The Week

The article presents some economic and political updates as of November 27, 1879. One of the updates shows that the volume of business at the London Stock Exchange recently was unprecedented, and the extent of the fluctuations in prices has only been equaled in the great panics of the past. The business was so large that only record of it could be made, but this shows that about 3,500,000 shares of stocks changed hands, the par value of which is $3,50,000,000. Another update focuses on the speech given by F.C. Morehead, the president of the Mississippi Valley Cotton Planters' Association. He said that the planters do not stand in need of greater capital, but have it in their power to become independent by making cotton not the only crop, as at present, but a surplus money crop.