of capacity) Carloading (carloads) Electric power production (kw Average Daily Oil production (bois.) Automobile output (cars)
"000 omitted 473 569.000
72215000
3229.000
31600
Stock Outlook:
The agreement reached at Munich by the four powers removes the great uncertainty which has dominated Wall Street for many weeks. While no uprush is considered likely, the stock market will probably work ultimately much higher, barring unforeseen developments. Technically, indications of a reversal in the current secondary downtrend would be an advance for several days or a decline terminating above an immediately prior minor low followed by a rally on increasing activity carrying the averages above the last established minor high point, The Board of Governors of the Federal Reserve System, in their report for the week ended September 28, respecting the entire body of reporting member banks of the system, reveal no change on bills bought as compared with the previous week, but show a decrease of $2,000,000 from the corresponding period of last year.
United States Securities held showed no change from last week, but show an advance of $38,000,000 compared with the corresponding period of last year, while the Federal Reserve ratio gained 0.1 per cent. over the previous week and 24 per cent over the corresponding period of last year.
Credit outstanding to the Federal Reserve, as compared with last week and the corresponding period of last year, showed gains of $1,000,000 and $24,000,000 respectively. Monetary gold stocks were higher by $126,000,- 000 from the previous week and" by $980,000,000 from the corresponding period of last year.
Industrial advances by the Federal Reserve declined by $16,000 from the previous week and by $4,931,000 compared with the same period of last year.
Bills bought during the period under review totalled $1,000,000; U.S. Securities held $2,564,000,000, while the Federal Reserve Ratio was placed at 82.6 per cent.
Credit outstanding to the Federal Reserve amounted to $2.597,000,000. monetary gold stocks $13,714,000,000 and industrial advances $15,667,000.—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.