The Archive · 1929

Profit-Taking in Rails

Rails met with profit-taking which reduced the quotations by the close. Baltimore & Ohio dropped nearly two points, Canadian Domestic Exchange 1,000=Shanghai 1,000

Pacific lost a quarter, Erie lost an eighth, Missouri Pacific gained 2; New York central was off 3

Southern Pacific was down from 1461 to 1458.

Oils were firmer than heretofore.

Anaconda reached a new high for the current recovery period, stimulating others. At the close Anaconda was at 111%, up 3, while Andes Copper was up from 494 to 502 and Kennecott was up 14 to Customs July Exchange Rates Bass prench Prange 3630 ft a a His Call_money descended from its 32 per cent. level and was quoted at eight per cent. at the close.

The Dow Jones Average for 20 industrials was up 1.39, and for 20) vails was up.06 Sales for the day wens 4,357,280 shares—United Press.

Text read from the printed page and cleaned; old type leaves the occasional error.

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