The month of March began promisingly s0 far og the stock market was concerned with prices advancing for othe first four sessions. The industrial average on Thursday closed at a new peak for the bull market though rails and ulllities held below their February highs. Continued irregularity' was evident among individual stocks though several Issues, Including Chrysler and General Motors, reached their best levels since 1929. President Roosevelt's tax proposals were subjected to considerable criticism but on the whole they wore -rather well received and were responsible for an advance in stocks where dividend distributions might ceted, The business outlook remains, favourable and with the weather becoming milder, improvement in steel operations, automobile production, carloadings and retail sales 1s looked for in the next several weeks.
The commodity markets again ruled. dull, "The passage of the Farm Bill falled to stimulate colton prices and no definite polley for the liquidation of government holdings has yot been announced. The "Journal of Commerce" forecasts acreage at 32,115,000 in comparison with the official gute of 27,872,000 acres last year. Wheat was easier on prospects of rain in the Southwest and on favourable crop reports. The strike at the Goodyear factory Is no nearer settlement but rubber nevertheless improved response to good buying by the trade, The Market in Figur Feb.27 Mer.5 Change] D.J, Average '0 Industrials 152.08 18782 up 5.9] D.J. Average for
D.3. Average for 0 Rata, 010 033 up Dun or up a D.3. Average for '0 102.74 up 29] auburn' als up modity Index $7.02 out 25
Curtiss Wright A I6ie ochnicclor 284 ©3114
Commodity prices: hleago Wheat Winnipeg Who Corn
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