OCR Text |
Show Weekly Metal Review. NEW YORK, March 22. Stocks sought higher levels this week, the chief factor in the further advance being the decision of the steel' trade to reduce prices of finished aud semifinished product from 10 to about 15 per cent. A reassuring feature in view of sporadic labor deficiencies was the concurrent statement that the downward revision would not involve any change of wages, except In isolated instances. in-stances. There was a disposition to view this new development as a most lmpontant step toward effecting widespread renewal of the country's foremost Industry and Its many allied branches. Including shipbuilding, house construction and automobile manufacture". |