By courtesy of Swan, Culbertson & Fritz and S. E. Levy & Ca.
New York, Oct. 2.
Wall Street believes that genuine investment buying is likely to continue and that the current level of stocks has discounted many uncer-fainties, the Wall Street Journal reported to-day.
Many recent fears will never materialize, the paper said.
Brokers feel that the technical position of the market favours buying on reactions instead of selling on strength. Some believe that auto shares will advance before the Octo-
Drastic" regulations providing for the control of transactions in foreign exchange and patterned after a similar law in Japan will be promulgated here on or about October 20, Domei learned to-day.
Licenses will thereafter be required for the purchase of foreign exchange exceeding in amount Y.1,000 a month.
"The measure is designed to prevent the flight of capital and also to place currency control legislation here and in Japan gri a uniform basis, Following the promulgation of the regulations here, the Japanese law will be amended so as to allow the flow of Japanese capital into this country.—Domei. ber 27 auto show, coo
Text read from the printed page and cleaned; old type leaves the occasional error.