The Archive · 1935

NEW YORK STOCKS From Swan, Culbertson & Fritz

(Quotations by Reuter Shanghai, Apr. 13.

'The rally in stock' prices which got under way during the latter "halt of March has been extended during the past week. The peak for the period was reached on si!" gti Tuesday when at the close. indus trials were at their highest since Loew's late February, rails "since early March, while utilities had recovered all the ground lost since early January. "Profit taking was evidence on the rise but all such selling was readily absorbed" by during of an investment or ser Investment nature. The which terminated in mid-March evidently put the market in excellent technical condition, the business and political nows has been. relatively Feassuring and a slightly more optimistic attitude has been every where apparent. "In the subsequent

earlier gains and both industrials dine lier it, mat and rails were also slightly easier. Commodities improved along with stocks. Silver reached a new high for seven years and corn recorded wide gains on a scarcity of supplies. Rubber rallied when it' appeared there was no imminent danger of Holland abandoning the gold standard or of the threatened strike at During the past week there has been no change in the fundamental conditions of the yarn market, fluctuations were within narrow mits and with an easier tendency at the close, However, the stocks have been considerably reduced and therefore the future outlook does not appear to be discouraging,

Text read from the printed page and cleaned; old type leaves the occasional error.

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