New York, Aug. 11.
The Stock Exchange: With inventive lacking, the "stock market in the past week drifted in an fimless manner. In spite of evide a minor Full, business statis. reports were construed a3 being favourable and, with optiigm autumn "undiminished, a. sizeable regarding, business expansion in the
advance developed, in which wet" issues and were prominent.
rally Teading commodity markets and a revival of inflation talk acted as stimulating influences. President. "Roosevelt's conference with monetary experts, "however, threw'little light on. the "subject And, with the United States Steel Corporation's unfilled tonnage re-Port being somewhat disappointing, the market eased on profit-taking And, latterly, has torned very dull, Meanwhile, the outlook is regarded [with conservative optimism, with Interest centred on' the. business recovery programme, which is now entering {ts frat testing phase "Foreign Exchanges: Quiet. The dollar has not been -aifected by me tation talk.
The Money Marke -money easy, with concessions obtainable in the outside market, The Bonds Market: Latterly has ruled firm; foreign securities for Reuter. the most part are being supported.
Commodity Trends By Courtery Swan, Culbertson & Frits Shanghai, Aug. 12.
General: Wide advances on Tuesday and Wednesday, based primarily on. expectations of further" more than offset the losses recorded on. the other days and carried the industrial fand all road averages through. the resistance level- on the up side that had hitherto proved an' effective the reac
general upward While "lites movement, they have continued t0 lag behind the other stoups. 'Trade ing. has been, the least active since early in April when. stocks. were frotnd their. post: banking hol ows and both' lar the moneral public wi-on the side lines and await commitments. The tendency activity to increase as prices to be construed as an endow sign. Commodities marked time over the week-end awaited the Government estimate as to the current cotton crop. This was announced around noon on Tuesday at 12,314,000 bales, far in excess of the widely expected 11,000,000 bale mark, but though cotton broke abruptly immediately after. the announcement its technical position was evidently strong and. trade buying caused 'a subsequent recovery which was further extended on, Wednesday.
The general news was on the whole encouraging. A few business indexes mildly reflected the seasonal tendency toward _duline most case the falling. less than anticipated. The indus-recovery programme seems to be progressing as well as can. be expected though it is as yet too soon, definitely the final re-
The Market in Pigures:—
1B. 10 change 0158 Did. Average for 30 Rai" 4729 4oa9 D.J. Average for 20 Utilities 3135 310 Average for Bande" " star seas Montxomery Ward 214° 25
Credit: Tnterest, rates and_ the Federal Reserve reports showed few important. changes though US. securities held increased $16,000,000, Both. gold" stocks" at 420,000,000
8.4 per "cent. were unchang We. Federal Reserve ratio at Brokers! loans increased slightly 000 to. $545,000,00. Commodity prices
Fenevally easy" with net changes oF ogee ere for December futures as follows:
Text read from the printed page and cleaned; old type leaves the occasional error.