Reports indicated that Times Square and "Hollywood interests have bought amusements, Favourable factors today included: experts believed that the petroleum situation has statisticoly improved, while another drop in gasoline inventories is thought to be imminent; construction awards for August are the best recorded since 1936; and the Street favourably interpreted the domestic and political developments. Unfavourable factors were: the weakness of East Texas crude oil prices; the spottiness of major commodities; indications that the "Nickel Plate" railroad will be defaulting on its first bond interest in September; and the general foreign situation.
Text read from the printed page and cleaned; old type leaves the occasional error.