The stock market, which had the wind knocked out of it by poor third-quarter reports, continued to drop last week. Industrial averages reached their lowest point since last July. Even stocks like Jersey Standard, whose net profit reached a new high (see Earnings), went down in the heavy selling. Many an investor was plainly undecided about the future-and such investors usually sell and sit on the sidelines while they make up their minds.
Did this mean that all U.S. business was in for a slump?
Bethlehem Steel's Chairman Eugene Grace took a hard look at steel production. Although Bethlehem's unfilled orders are at...
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