A heavy gale accompanied April to Manhattan. Wall Street ran with water. Offices were lighted all day. It was dismal, not exciting, on the floor of the New York Stock Exchange. Most traders kept an eye on Post 2, where United States Steel is traded in. Shortly after noon Steel sold at $138, one-eighth above its previous 1931 low. It was evident that what had a few weeks before seemed a runaway Spring market had petered out.
Traditionally, April 1 is the day when bankers and businessmen can look about them, size up...
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