New York, Mar. 26.
Stock prices on Wall Street to-day closed with losses ranging up to 5 points. After an early burst of selling, prices rallied briskly on bargain hunting, but renewed dumpings and liquidation developed in late dealings on the continued disappointing business picture. Steels and chemicals were the hardest hit, while motors were under pressure due to the gloomy outlook for the automobile industry. Merchandisings weakened on discouraging department store sales, Meanwhile, selling had earmarks, at least for the present, of reaching a temporary climax, and a substantial technical rally would not be surprising. The turnover to-day amounted to 1,830,000 shares.
Text read from the printed page and cleaned; old type leaves the occasional error.