Golds per fine. ox. 0.104 US35.00 Bhinghal' goto, Bar als cses...8119900 ce, eons & i" 3250018 Ponce venus US"s O15. Cons N's opening omelal see UBM Berlin sevee ork 00) Mongkoni'". "984 for" "Gol pan 220208
By courtesy of Swan, Culbertson & Fritz Shanghai, Aug. 7.
Price movements on ' the New 'York 'Stock Exchange have been very irregular and selective during} the' past week with the Dow-¥ones industrial average reaching "i new ES EPS, peak since March though rails and Ca utilities held below their June highs.
The passage by the Senate late on as Saturday of the Black-Connery Wage und Hour Bill was largely ignored by.
Sha went corns the market on Monday and steel and, motor issues ruled strong, the former because of favourable earnings reports ud the latter in expectations of the price advance by Ford being followd bby other manufacturers. Profitaking BY Pout, caused general weakness.on Tuesday but the following day the hitherto oggard rails Ted a rally on s rumour, that the wage controversy would be settled by an increase of only 5 per cent. These gains, however, were mossily dissipated on Thursday. The dally turnovers remained below the 14009,000 share mark, suggesting Jack of breadth in the market both on advances and declines.
After establishing a new low on Tuesday, commodity prices as mea sured by the Dow-Jones Index rabed though a net loss was shown for the period as a whole, Crop estimates very large though it Is believed that for colton, wheat and corn are still
there prospects "may be adequately In! discounted by current quotations and that any change in the outlook could only be in the direction of price im-Eambert Ca.
rovement, Talk of a loan on cotton Lloby" Owens Ford Glass 70 Lockheed "atreratt though President Roose-gain we fin step unless it were accompanied by Martin, Glenn crop control which he still strongly advocates. "Rubber moved erratically Monsanto "Chemical 1028 but sugar though stagnant was steady the expectation of constructive.
General business activity suffered a alight recession but steel operations Improved and the seasonal" summer slump is proving to be less in most lines than had been feared. The potiical situation at Washington Is dim-cult to appraise but if adjournment to occur around the middle of August there is litle danger of unfavourable legislation with the excep-ton of the wage-and-hour bill.
The market in Ogures:
Text read from the printed page and cleaned; old type leaves the occasional error.