Recurring uneasiness over Allied reverses caused a fresh deluge of selling on the Stock Exchange today, with prices reaching new lows, including every section of the list. Apparently, brokers were forced into wholesale dumping by impaired margin accounts, in view of the large blocks of selling. The market opened strongly and aircrafts extended their gains, but traders dumped war stocks alike when selling developed. Improved domestic news was again ignored. The wideness of the decline was reflected in stop-loss orders and distressed liquidation also.
Stocks:—Apparently taking their cue entirely from news, and with latest reports indicating further German successes, renewed selling appeared. Until war news improves, the long overdue rally probably will be deferred. Carloadings, mai] order sales, construction awards and other domestic business news continues to be favourable. Bank clearings during the past week were off 3.7 per cent.
Text read from the printed page and cleaned; old type leaves the occasional error.