Show WK WEEK SAD ONE fOR Pessimism Sweeps Over District NEW YORK March 27 By the Associated Press Press A A spirit of pessimism pessimism pessimism pes pes- swept over the financial district this week when renewed liquidation of stock sent the average aver avei- I age of twenty leading industrial is issues issues issues is- is sues down to a new tle low level for tor forthe forthe the year yeal the bulk built of ot commodity prices continued to decline French collapsed to the record low bow established in March l 1924 and Belgian Belgian Bel Bob gian francs sank to the tile lowest price ever recorded Although there is still considerable considerable considerable consider consider- able difference of ot opinion as to Just what extent the Dreal In stock prices Is forecasting the future ot of business there Is no ho doubt that most of the earlier hopes have been revised and that sl spring trade while comparing favorably with a year ear ago has not come up to general expectations It has been noticeable noticeable noticeable notice notice- able that the tile sharpest declines this week have taken place in issues known to the selling out of ot line which present earning power and f future ture prospects Bankers ers generally agree that the depression in stock prices has had hada a temporarily bad psychological ef effect effect et- et on business The tact fact that it has not been accompanied by any unusual Increase in failures or other othet signs of financial distress is accepted accepted accepted ac ac- ac- ac as evidence that conditions are fundamentally sound Most of the leading companies com corn panie are in a strong s financial condition supplied with cash and I with relatively low Inventories |