By courtesy Swan, Culbertion & Frits Shanghai, Sept. 5.
Stock prices "during ' the "past week continued to hold within narrow limits and the market asin whole displayed no clearly defined trend, Advances encountered profit-{aking while Investment buying appeared on all declines. Selectivity was evident as usual with some specialities registering very _satisfactory gains against the negligible rise for the Dow-fones averages Trading was fairly active and during the tape was ruining about a minut behind the market. Mfany operators hold aloof, however, preferring the side-lines Until after' the approaching Labour Day holiday on Monday, September 7, The commodity index underwent a Slight decline for the week though Individual trends here were also irregular. Grains were generally easier duo to rains in some sections and a general absence of buying support. Wheat weakened under hedge pressure while corn was depressed proftetaking and Argentine imports. Colton ruled firm on reports of crop deterioration and lower private estimates, Rubber was steady with consumption well sustained and the labour outlook at Akron Tess disturb: ing.
The "New York Times" business index reached a now high for 1000 and this at a time when the seasonal recession Is usually under way. Steel operations decreased to slightly below their peak for the year but orders are reported to be flowing into mills {nan uninterrupted steeam. Carload= ings are holding up well and lectriety" production established another all-time high. ""Uulity earnings for {he third quarter are likely to be the best since 1030.
The market in figures:
Aug.21 Sept. 3 Change! D.J. Averate for '30 Tndustrials 166.277 16626 oft 33 D.J. Average for pig Ral S81 8480 up Lit Average for
D.J. Average for 29 illes "419 483
Dog. it Com.
30, Bonds" 10304 10448 modity index €6.79 6614 of 65 American Locomotive 303% up 2 Montgomery Ward 45%
Text read from the printed page and cleaned; old type leaves the occasional error.