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Show QUOTED VALUES I MELT IN WEEK Security Market Reversal Is Held Inevitable Climax of War Inflation NEW YORK, Nov 20. Quoted Vul-i uefl Continued to melt away In the securities market fHlS weejc until the race fell to the year's lowest, while several Individual Issues srets at ioi- tom prices for two to five years Th-- further demoralization on lhe stock exchange was in keeping with' conditions In the industrial, cotton, grain and iher ommndlty markets and was again popularly user! ben i ths wui Id-w 1I- strain on CSjBdltt REGARDED IXEVITABE i In responsible banking circles where no attempt was made to minimise (he significance of the reversal, trw movement was regarded asnn lneltn- i.i, i ilth 'f the Inflation and other I excess witnessed here In the first , hlf "f the world war. Among pro-j fessional traders every successive set-, baok evoked grave reference to tins "healthy reaction" or "salutary read-. Justment." While the course f foreign exchange ex-change offered no direct clue, there1 ! was ample Justification for the be- j lief that much of the latest liquidation.' especially in rails and oils eman- I ated from European centers, notably I London and Amsterdam 1. k I ss EBSEA& The weakest spot in the foreign slt-j .nation was that comprising Latln- 1 Lmerlcan countries, Pnrther cancel-; latlon or absolute rejection of imports, ironi this market to Cuba and Central and South America gae point to suspended sus-pended dividends of the Amcncan-1 Amcncan-1 ntemationa i corporation, Additional pride concessions In steid. Ijron. copper and othr raw and finished fin-ished materials were measured In I terms of curtailed production, deficits' In earnings and reduced wages. Rates for call and time accommodations were easier but the deadlock In the Investment situation and absence of new inpital offerings seemed to rar-ry rar-ry their own refutation of any actual Improvement m the money market. oo |