Selected issues and groups on the Stock Exchange, which were believed to be "behind the market", met with the best demand today. Two outstanding favourable factors aided the market: automobile production reaching a new high since December 18, 1937. and carloadings recording the best level since November 6, 1937. The upward trend of steel operations in the Youngstown area is scheduled to touch a new high of 61 per cent. of capacity. The high ratio of automobile output stimulated the buying of motors.
£458—vai Zia; sellers £5214 une; Tin, Stan. C.
sellers 220812—1; 3 mths del. sellers £2091 Lead, Foreign, official U.S. Silver Imports price, sellers £16%—!4; 3 mths del.
sellers £16). Spelter, Ordinary, official New York, Oct, 21.
price, selle 3 mths del Silver to a total value of $5,834,000 sellers £15; was imported by the United States during the week ended October 14, compared with $1,098,000 during the U.S. Firms to Produce previous week.
Consignments of the white metal New Yarn during the period under review were received from the following principal New York, Oct. 21. sources: Canada $446,000; Mexico The Celanese Corporation announ-$592,000; The Philippines $2,000; ced today that it was building a Chile $28,000; England $4,601,000; US$10,000.000 plant to produce new Peru $46000; Bolivia $13,000 and yarn within a year which hosiery Japan $105,000. makers predicted would eliminate Imports during the previous week Japanese silk imports for hosiery in came from the following principal the American market. countries: Canada' $158,000; Mexico The DuPont interests were also $550,000; The Philippines $10,000; building a US$7,000,000 plant to pro-Chile $3,000; England $190}000; Peru duce yarn which, it was believed, $65,000; Honduras $70,000; Nicaragua would overcome objections to prev-$2,000; Salvador $2,000; Cuba $6,000; ious synthetic silk products.—United Argentina $38,000 and Australia $3,000. Press.—Reuter.
The Reichsmark was quoted today at New York 40.04, Paris 1$08—. Amsterdam 72525 to 72575, London 1189.
Paris quoted sterling at 178.70 to 178.76 and the U.S. Dollar at 37.58 to 37.595.—Trans-Ocean.
Text read from the printed page and cleaned; old type leaves the occasional error.