Business: Prices & Prospects

Rounding out a two-month decline last week, the stockmarket settled to new lows for the year, wiping out on the average all gains made since last summer. From a March high of 194.4 the Dow-Jones industrial stock averages showed a drop of some 27 points. Three times the market has rallied but each time the rally petered out, each time a fresh wave of selling carried prices lower than before.

In industrial issues the current downswing appeared even clearer than in the averages. Leader of the booming winter market, U. S. Steel has sold off from a high of $126 per share...

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