Bu cenriesy of Swan. Cutberrson & Fritz Stock prices declined today on selling caused by Far Eastern and Balkan situations, which broke values to the lowest levels recorded since June. Troders were fearing new Axis pushes. War stocks were the hardest hit, but all groups shared in the losses. The market was also suffering from huge blocks of stocks offered outside the Exchange, much of which were for the British account. Business news remains favourable, including a sharp retail trade gain; high automobile production; and, the best January construction reports in eleven years.
Stocks:—There are growing indications that a climatic ending of the current decline is near, which is likely to afford good trading opportunities, but Subsequent weakness is likely develop. Bank clearings during past week were up 31 per cent Week Week Ended Ended 14/3 72 Production of cars and trucks (Ward's estimate) 127,500 125,000 (units)
Dividends:—Curtiss-Wright "A"—$0.50 payable on March 29 to stockholders on record as of March 14
Text read from the printed page and cleaned; old type leaves the occasional error.