declared that the ment would soon promulgate a decree tightening state control over ' shipbuilding and shipping, The chartering of foreign ships, Mr. Katsu pointed out, had become very dificult since the outbreak of the European war, and, at the same time, the obtaining of materials for building new ships was also a problem.
The resultant shortage of hulls} "Head Office: London must be conquered by rationalizing the allocation of ships to shipping routes, and by tightening control over ship-building and shipping activities in general, concluded Mr. Katsu.—Reuter, New York Market Irregular New York, Jan, 30.
Prices on the New York Stock Exchange closed irregular today. Some experts anticipate that the market. will.be tested shortly and foresee heavier selling to determine if the list can resist a conclusive break to the 14] level, They say that if the break comes the market may develop a more definite lower trend, ut they see a more active, firmer tendency if there is strong resistance.
However, it is admitted that everything in current discussions regarding the market is pure conjecture—there are so many uncertainties: in the domestic and international situations. that none cares to risk buying or selling.
Low grade stocks accounted for most of the volüme in today's session, under the continued leadership of! autos. -High priced motors were soft. There were small losses in steels, rails, utilities, mercantiles and coppers—United Press.
Text read from the printed page and cleaned; old type leaves the occasional error.