Liberty bonds make new lows. Ford lays off 40,000 at nation's largest auto plant. Psychological low for 1919-1921 market. Bears raid crippled pool stocks. Dow earnings slump.
Huge margin calls.
Record volume Mar. 26. Call rate highest figure of 1920's. Chrysler at 56, down from 135 Jan high. Public drowned by mutual fund IPOs. Many new lows recorded.