Wall Street hears there was some Comi, Credit Comm, & Southern (ord.) buying from abroad late yesterday. Traders are discouraged by prospects for railway legislation this session of Congress. One of the big chemical companies is reported to have suffered a large drop in orders recently. Montgomery Ward earnings are ru: ning 60 per cent ahead of last year.
Favourable market factors today included:
1. Some belief that the market is oversold.
2. Indications that there will be changes in the Wage-Hour Act 3. Inventories in some industries are nearing depletion.
Retail sales are running ahead of last year. pid.
It. 1% pta. inery Corp.
Trans. Corp. int, Harvester Int! Nickel Int. Tel & Tel. Johns Manville Jones & Laughlin 1% cum. Kennecott Nat
New York Central upo C, of Pen of penn
Niagara Hudson Power Pacific Gas & Elec.
fie Lighting Packard Motors Paramount Pictures Inc.
Text read from the printed page and cleaned; old type leaves the occasional error.