London, May 6.
Delegates to the International Sugar Conference to-day signed a five-year agreement to stabilize the world price of sugar. The agreement fixed the world free-market export quota at 3,622,500 metric tons—United Press. nepal Basle Tonnages The-agreement, says Reuter, prov-Ides a scheme of export quotas and the establishment of a permanent International council to study questions of all aspects of the world sugar industry.
Of the 22 countries involved the following are the principal basic tonnages permitted for export:
Holland' and the Colonies faction itkcw.hrs.) *2,188,000 *2,194,000 Ee. a ae fiction (Sbs.) 3.496.000 3,497,000
Stock" Outlook:—tt is _always Bi dangerous to rely on analogies where stock operations are concerned; nevertheless, the behavior of the market after the secondary reaction in April 1996 may afford some clue as to what is likely to occur after tthe recent decline. It wilt be recalled that in 1996 the Dow-Jone receded from early in Ap"
Sih of the, month. vading" which had totalled "51,060,000 shares for March diminished during the April reaction to 39,600,000 and then became extremely duit with turnovers of ority 20,610,000 shares registered for May at and. 21,440,000 for June. Rept during May changed hands during a full trading Tes less than 700.000.
session, Subsequent developments proved that these periods of dullness Timken Detroit Axle #3440 3385 ors 200d times to buy for by he) Zwenteth Century Fox middle of July—two and one-half' months after the reaction terminated the averages had regained their hight of early April, Tt is rather doubtful in the present instance that the averages will be back to their com March highs by the middle of July. The bull market is in its ter stages Ur and advances are likely 40 be more slow than heretofore. However, new U: highs would not be surprising by September or October when stocks fare likely to be eiseountine the heavy dividend payments which will be paid Jduring the last couple of months of the year. Quiet markets during the next several weeks, therefore, appear to offer good opportunities for un hurried accumulation, isi seat OE ase Monday's Closing Quotations Aiiggheny Steel ce!
May 8 pee ft Anaig-chilean Nitrate
Text read from the printed page and cleaned; old type leaves the occasional error.