After the stock market dived to new lows at the start of last week, speculators began to take an interest in U. S. Steel shares, which could be bought as low as $86 (year's high: $126.50). But the interest was mild—and very temporary. One morning blocks of Steel began to hit the thin market like a locomotive. All day in what swiftly became a 2,400,000 share avalanche, Steel showed the way downward, sagging to $80 on sales of only 83,600 shares, and the whole list tumbled along with it, setting another low mark for 1937. The Dow-Jones industrial averages were off...
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