Business: Stocks Down, Gold Up

From the momentary rise of last fortnight which followed the loosened margin requirements set up by the Federal Reserve Board, the New York stock market last week slid hissingly back like a long wave receding down a beach. In trading, notable neither for volume nor volatility, prices descended every day, at week's end were back almost to the year's lows set on "black Tuesday," October 19. Dow-Jones industrial averages were down to 125.25, railroads to 31.67, utilities to 21.21. U. S. Steel stood at $53, Allied Chemical at $152, New York Central at...

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