Quotations by Reuters Shanghai, Mar. 14, The break of 4.36 points ix the industrial average and 1.75 in the ralls on Monday was the severest setback experienced by the stock market in a single session since July 1094 when "these: two. averages [Set Aropped 6.06 and 3.30 points respectively, In both instances the reactions were caused by adverse European developments: the Austrian political crisis in July 1934 and Hitler's reudiation of the Locarno Pact and occupation of the Rhineland in the resent case, Prices rallied sharply on Tuesday and improved further fon Wednesday but the increasing but the increasing seriousness of the European situation caused another wave of liquidation on Thursday which carried the averages to now lows for the month and the closing tone was weak.
Commodities ruled firm with wheat, cotton, hides and copper all showing Inet gums. Pool selling in March cotton was well absorbed, Reports of [dust storms and the Hessian fly in the Southwest helped wheat though no actual crop damage is yet in evidence.
The Goodyear strike is still at a Rad! deadlock and under the clreumstunces S37 rubber behaved surprisingly well.
The expected seasonal improvement in business appears to be slowly getting under way, especially in the heavy industries such os steel, The it domestic political situation was un-Siang Oil of, fan Gos at productive of any news to affect the ' Si
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