Courtesy of Swan, Culbertson & Frits, DOU tons by Reuters Stock prices during the past week, have continued to fluctuate Indecisively between their recent highs and lows and have given no definite {indication as to the direction of their next important move. The fact that! the daily turnovers have been at such low figures, averaging—under: 1,900,000. shares," is, however, encouraging rather than otherwise, The market is evidently engaged in' con- {8 €is sidering the implications of such adverse developments as the Euro-can political crisis, the French financial situation, the problem of domestic taxation and the extent of the flood damage in the Eastern states, It Is resistance to these unfavourable factors that has been rather impressive.
Commodities were generally negfected and price changes were small. Cotton traders are still hesitant while wheat has been alternately strengthened by reports of dust storms in the Southwest and depressed by pre- His dictions of beneficial rains. Rubber had apparently discounted the settle ment of the Goodyear strike and was under moderate pressure, The-"New York Times" composite business index showed a slight gain Sea Jout more recently issued guresindicate that activity in many Ines was adversely affected by the flood, steel operations, for example, dropping from @0 per cent. to 53 per cent. Sie"
capacity. Rapid recovery in this particular eld is anticipated, however, and the most disturbing' factor the failure of railway trate to register improvement.
The market in Agures:
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