Stocks. There is much money available at 3½%. It is being used to finance the movement of crops and to buy bonds and is not finding its way into the stock market. Again prices of stocks were beaten down to lower levels in trading on the exchange last week. General Motors had announced record earnings. Yet this major stock closed last week's sessions at a decline of 14% points from its high for the year. Slumped also these leading issues: U. S. Steel, General Electric, Houston Oil.
Bonds. Most of the money in...
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