fon of Swan, Culbertson & Brits, Amer gouge Quotations by Reuters Amer. Saar "fet during the first three sessions of the! ast calendar week and at the close of trading on Wednesday the market AUS, fas a whole was back to its levels of Baltimore & Onto Into December. On Monday prices Bethlehem Steer broke from 1 to 10 points in. the sharpest decline for a single session since July 28, 1934. The touching off stop loss orders with which the C2s%, market structure was honeycombed SE He my, Jaggravated the weakness and" by the end of the the me dustrial average had clearly broken through its "important downside pra, resistance level of 149.50 and had thus Comimereia "Or confirmed the previous bearish action of the rails. Further weakness was evident on Tuesday but after a sharp Gip around mid-day the market rallied before the close in expectation of a good frst quarier earnings report for the U.S. Steel Corp. Subsequently it Was announced that the company had Retire & "Hudson earned $3,376,000 for the period which Doulas Aircrace though Tess than the profit of $5,326,- Clu Pont de Nemours 417 for the last three months of 1935 Elec. Boat Ca. was substantially belter than the Elec: Bond & Sh. showing for the frst quarter of 1935, when a loss of $2,173,801 was incurred.
Operations averaged 47 per cent. of capacity against 388 per cent. for the Ge last three months of 1935, but earnings were reduced as a result of the floods in the Pittsburgh district plus additional taxation and the social security legislation requirements.
These results were below expectations: and, together with selling of Ameri-
Text read from the printed page and cleaned; old type leaves the occasional error.