The Archive · 1937

Wall Street Comment By courtesy S, E. Levy and Company

Dow-Jones reports that some chartists ale more bullish and foresee a continuance' of the present advance through Jüly, due to plenty of potential buying with a lot of the $600,000.- 000 dividends and interest paid on July 1st. awaiting investment. London interests have been buyers of steels and coppers. Private cables suggest higher copper metal price in the offing, also an increase in demand. Lower first half earnings for Chase Bank is indicated, There is revived Gossip that refinancing of International Telephone and Telegraph corporation's securities will be planned as soon as possible. A rise in rosin prices, which is anticipated in view of the strong statistical- position, is expected to benefit Newport Industries, Inc.

Can. Pacific Rly.

Celarese Corp.

Cerro de Pasco Chase National Bank 4916 B esapeake. Cor] Chesapeake hie 531 Chrysler 975; Columbia Gas & Elec. Comi. Credit Com]. Solvents Comm. & Sthrn. (ord.) $6 cum. Consolid. Copper Mines Consolid. Edison Consolid. Oil Continental Can Continental Oil Corn Producis Coty, Inc.

Curtiss Wright, (com.)

Delaware & Hudson Delaware, Lackawanna Deere Ca.

Distillers Corp.

Douglas Aircraft Clu Pont de Nemours Eagle Picher Lead Elec. Boat Ca.

"Wall Street Journal" Comment By courtesy of Swan, Culbertson & Fritz New York, July 7.

The "Journal" reported to-day that some chartists were becoming more bullish, believing that the advance would continue through July with many stocks regaining most of their losses since April.

London is buying United States Steel and copper shares, the "Journal" stated.

Radio manufàeturers, it was said, expect an active autumn and winter business, Greyhound Corp.

Hecker Prods.

Humble Oil Int. Nickel Int. Tel. & Tel Kennecott E Interstate Department Lambert Ca. 19% Libby-Owens-Ford Glass 58%

Some traders predict that steel will exceed 110 before éncounterin; important resistance, the "Journal" reported.

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

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