the "Supreme Court la the: impor ant T.V.A. case was finally delivered atonday and ne rulleg dri "ovant fine Government was "responsi for the tos exciting season" on, the New York Stock Exchange since Jus 1933, Traders misinterpreted the arty portion of the onion tie was ting read by. Chief Tustice Hughes td bought lliles heavily. deivng the quletions on Some totes Up 08 much as 10 points. Then when the real nature of the verdict was disclose ed, selling set in, bids were withdrawn, stop loss orders' were touched off and severe decline experienced before support levels were reached. Prices rallied before the close but showed j net losses for the day in all groups, the utilities naturally suffering the most severely. The turnover amcunted to 4.720,000 shares and. at. times Slowly. adjusting Velvets, Black Coatings, and Black self to present the tickers were six minutes behind price levels. Deliveries from' stocks Poplins' were strong, advancing 34 the market, Fave again been active. cents, 102 cents, 15 cents, and. 124 'Utilities eased further on Tuesday cents a piece respectively. White and Wednesday and industrials after' Shirtings also advanced on last sharp recovery on Tuesday also
Text read from the printed page and cleaned; old type leaves the occasional error.