Business & Finance: Current Situation: May 19, 1923

No special change was experienced in the general trend of American business during the past week. The steel and iron trade continued production at its recent sensational levels, but with an evident slackening of future contracts, as shown by the falling off in U. S. Steel's unfilled orders. Nevertheless the sensitive stock market continued its decline, now, despite temporary rallies, a severe one. The peak has obviously been reached for the time being in the building trades, and in New York alone over $100,000,000 of new construction is reported to be held...

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