New York, Oct. 28.
A heavy wave of buying set in at
day, in response to the previous the opening of the stock market to-evening's announcement of the easing or marginal requirements by the Federal Reserve Board. Earlier gains ranged up to eight dollars per share. Sentiment was also bolstered by signs of a more ce-operative attitude on the /2\3 part of Washington. Numerous blocks, from one to fifteen thousand shares, changed, hands in excited dealings, while" shorts rushed to protect themselves against the tightening screws of bear operations, Later, gains were halved on profit-t taking, but, with the fact that the volume of trading dwindled on the set-back encouraged constructive forces, a fresh buying wave swept the market in late dealings, while the margin changes were widely welcomed. At the same time some analyses scout their importance from a long term point of view, pointing out that business and earnings in the long run will be major forces behind share prices.
The aftermath of the U.S. Steel Corporation's long delayed dividend on their common stock was not very encouraging, well-informed quarters in Wall Street holding the opinion that the payment does not necessarily reflect confidence in the future on the part of directors of this gigantic con-
Net Imports Amount to $34,140,599: Total for The Year of $819,760,890
According to the monthly returns issued by the Chinese Maritime Customs covering foreign trade of this country, net imports during September 1937 totalled $34,140,599. Net exports totalled $67,159,274. January-September figures were $819,760,890 and $684,023,133 respectively, as compared with the corresponding figures last year of $684,708,145 and $507,522,397.
Text read from the printed page and cleaned; old type leaves the occasional error.