The Stock Market today failed to develop, a definite trend, and fluctuated near the previous close. However, bonds recorded gains ranging up to two points. The news appeared to favour the market. However, there were reports that Mr. Harry L. Hopkins, the Secretary of Commerce, in his Des Moines speech, presented his own views and hence did not indicate a switch of the New Deal attitude towards business. It was also reported a prominent Wall Street house discovered an employee had embezzled $90,000. These adverse reports restricted last week's late muehle was quoted 1 point lower at 11625. Towards the close, the tendency was still weaker, Neu Guinea losing 8 to 205.
Bonds were almost unchanged. Reichsaltbesitz Anleihe advanced 1.25 to 129.7, Call money advanced in view of the end of month settlement 14 to from 2.625 to 2875.—Trans-Ocean. and the latter was within a point of the post-Munich. high.
Attention was focussed on the Administration's efforts to expand the wsiness recovery. Reassurances were given both here and in England that no new taxes would be decreed. The Anglo-German trade talks were considered a favourable potentiality.
A $40,000,000 Texas Corp. new money issue is contemplated. If assured success and it starts jhe ball rolling, it would stimulate a great deal of business in the market.
Prices as below: per ton Honzay Anthracite Shansi Anthracite House Coal No. 1
House Coal No. 2
Soft Coal Kitchen Coal Slack Coal. $40
Text read from the printed page and cleaned; old type leaves the occasional error.