Wall Street hears that Cluett Peabody will triple the $1.29 earned last year. Electricity output in May was nine per cent. above the corresponding month of last year.
Electric Autolite's earnings for the first half of 1939 will surpass figures for the corresponding period of 1938. Auto manufacturers will end 1939 assemblies in July.
Market comment continues to be carefully hedged with "its and buts" and does not give much information. There is hedging on war scare prospects, aside from which the trend of thought is toward a rising market.
Favourable market factors today included Continued activity in building and construction.
3. Indications that car loadings gained more than usual for the season.
Among the unfavourable factors were these:
1. Anxiety over the Far Eastern situation.
2 German troops manœuvres.
3. The decline in Federal Reserve member bank loans to business.—United Press.
Text read from the printed page and cleaned; old type leaves the occasional error.