The cautious belief prevailing on the Stock Exchange today was that the market is nearing a level which might attract selling. Utilities responded to Senator Barkley's statement that President Roosevelt's policy was not to appropriate funds for the construction of municipal utilities in competition with existing blents until the municipalities had made, in good faith, offers to purchase existing plants. A contra seasonal rise in carloadings is indicated. Scrap iron followed the trend of higher foreign copper prices.
By Courtesy of Swan, Culbertson & Fritz In the initial trading session of the week on Tuesday, following observancy of Memorial Day, prices on -Wall Street opened heavy but recovered moderately though public participation was entirely lacking. Noteworthy was the action of gold mining issues which advanced against
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