Stock prices ruled irregular today. Buying and selling orders were about evenly divided, with the slow volume of trading passing comforting bulls end bears.
Business news continues to be favóu able: construction awards have risen; Youngstown district steel quotations have increased by five percent; Plymouth plants have resumed operations after the "wildcat" strike; and, the Westinghouse economist, Mr. Frank D. Newbury, said that ihe underlying economic conditions were the most favourable recorded since 1921, and predicted that good business would be witnessed over an extended period. It is expected that rails will benefit annually by $25,- 000,000 as a result of the Interstate Commerce Commission extending the bituminous coal rates.
Berlin, Dec. 1.
By Courtesu of Swan, Culbertson & Fritz Brokers? Loans By F.R.S, New York, Dec, 1.
Loans. on security to brokers in New York by the reporting mem banks of the Federal Reserve 1 System, for the week eried Novem-(ber 30, totalled $571,000,000, a de-L crease of $139,000,000 from the corresponding week of last year.
Loans to brokers during the previous week totalled $568;000.000. or $3,000,000 less than the amount recorded for the period under review.—Reuter.
The share market continued tobe exceedingly quiet with buyers r maining cautious for the same reasons as during the last few da: Some shares maintained their price levels but the majority closed weaker while lignites were very depressed. Daladier's victory over the trade unions and Count Ciano's speech on the subject of the September crisis were much commented on but were unable to give the market the necessary stimulus. Among fixed interest securities city loans were down.
Call money stood at 3 to 3% per cent.—Trans-Ocean.
Stock prices on Wall Street, as measured by the Dow-Jones 65 composite stock average, had declined by' the beginning of the [week to their lowest levels since early October. Renewed offerings Monday on a fair volume of trading were attributed to fears of European developments and tax adjustments. After opening irregularly, prices gradually drifted lower. Towards the close, a modest rally developed, but quotations were down on e. The moderate firmness Tues-reflected the slightly improved ^|European situation. Steel and motor
Text read from the printed page and cleaned; old type leaves the occasional error.