Business: Market & Trade

Last week was the third of a slow, shuffling decline in the stockmarket. From last month's high of 106.9 the Dow-Jones average of industrial stocks listed on the New York Exchange had sunk to 92. U. S. Steel was down from a 1934 high of $59 to $42, General Motors from $42 to $31, Baltimore & Ohio R. R. from $34 to $21, Allied Chemical from $160 to $133. Weakened by a thrice-pared dividend and rate-reduction threats, the leading power & light stock, Consolidated Gas, was selling near its Bear Market low...

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