(1921) Ltd. 856,100 business advance argues against the elihood of any critical decline.
The low returns on cash make it difficult for wholesale liquidation to develop, despite the failure of earnings to rise and the inability of the election results to stimulate buying. The seasonal pattern suggests a de-sultry sagging market until January, after which sentiment may control any rise.
In this connection, despite denials of reports he that the Anti-Monopoly Committee's attitude is bel-hoose, such developments, if not restrained through Congress, could frighten away capital.
The danger of a bear market is absent, hence the problem now is to discover the next buying spot.
Barron's Index, adjusted for trend, is placed at 76.9.
Text read from the printed page and cleaned; old type leaves the occasional error.