By courtesy of Swan, Culbertson & Fritz Most attention on the Stock Ex: *|change today was centered on better rail developments, with prospects that' some assisting legislation will come into force prior to the adjournment of Congress.
Other favourable factors included: some belief that the present dullness indicates a near term end of the bear market the hope that the decline in building material prices will aid construction; and, the strength of wheat futures. Unfavourable factors were: dividend cuts and omissions bankers acceptance on May 31 being the lowest recorded since 1916; and, the further weakness of steel scrap.
Text read from the printed page and cleaned; old type leaves the occasional error.