After: approaching to within: half a point of the September peak, the pér-fórniancy of obser proved to disappointing: Phe ceiling of offer-tut, Sore stale, positions aviatong were down on 30% catching stop-loss orders. The technical position of the market has muth improved. nuts sold 50.000; shares daily, but this was partly offset by Swiss, South African and South 2 Aterian buying while speculation was restrained.and dividend increases orders does not mean much, conaen rin the huge backlogs in existence, unless the. process continues. The amount of field stocks of new automobiles was down 130000 in September.
The market is waiting the action the House of Representatives on ik the proposed repeal of the arms embargo. The Allies are to buy $350,000,000 worth of planes when such purchase become. legal. One producer alo and Letters of Credit issued by this bank are safe, convenient and acceptable a Wis: 7 everywhere,
SHANGHAI BRANCH
Text read from the printed page and cleaned; old type leaves the occasional error.