Business: Reverse Progress

Stockmarket traders last week found themselves forced back to the neighborhood of the line established by last November's panic. Stocks stood generally at or near their 1930 lows, which in several cases had sunk even under the 1929 panic figures. Lowered money rates and reduced brokers loans had no effect. It was generally felt that bear operators were ready and able to force continued lows during the present week.

Basic cause of market weakness was the continued fall in commodity prices. Nearly every basic commodity was selling at a lower price than...

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