The Archive · 1936

NEW YORK STOCKS Courtesy of Swan, Culbertson & Frit, Quotation by Reuters

Shanghai, Jan. 11.

The sweeping decision of the Supreme Court invalidating by a 6 (0 3 vole the entire AAA. threw oth the security and" commodity markets into utter confusion of Monday and! amid. a turnover of 3.790.000 shares, the largest since the middle of November, stock prices 18 teneral moved erratically but rally hear the end of the to close well above the day's lows while such groups as the foods and. tobaccos Which should benefit by the abolltion of the processing taxes reistered net gains. After further weakness in the early. trading 20 Tuesday, the entire market staged wide rally ted by uillities on the belief "thatthe" Wheeler-Rayburn Bill would also be declared uncon. stitutional. Rails likewise advanced when 135° carriers jointly brought, court action attacking the legality of the 1935 pension act. Despite con-

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