Jagged descending lines on some charts tended to level off, or even rise, last week. Barren's business index for the second week in succession stood at 53.7% of normal. Steel production was virtually static at 30% of capacity; lumberup from 166,926,000 board feet fortnight ago to 179,322,000 last week; automobiles down from 53,385 units fortnight ago to 47,419.
For the first time since mid-March The Annalist index of wholesale commodity prices moved upward. High-grade bonds continued a steady improvement begun six weeks ago. The stock market after a 1½ month long irregular...
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