(Quotations by Reuter) ae Shanghai, Mar. 23)
Price movements during the past week have been unusually selective. Despite gains in wheat and silk and steadiness in corn and sugar, the commodity average showed a net Toss due to further wide breaks in cotton and rubber. At their lows on Monday these two commodities had receded about 18 per cent. since the Us beginning of the month and nearly Be 10 per cent, in three days. The sharpners of this decline touched of numerous stop loss orders and forced wide [spread liquidation frm accounts where margins could no longer _be protected. Stocks on the other hand held steady until Thursday, when the last hour of trading the report [that the Public Works Administration would cease lending money for the Sen construction: of municipal power plants caused the greatest advance in Socony-Vac. this section for the last six months and sympathetic strength in the other Groups. Chiefly as a result of this rally, substantial gains for the period whole were recorded. The bus!- ness news was colourless with a sharp Increase in. automobile production offsetting recessions in other fields. The political situation at Washington Ig still chaotic and little progress is doing made toward cleaning up legislative proposals.
The market in Agures: sesT7E a cone 'D. J. Average for
Text read from the printed page and cleaned; old type leaves the occasional error.