Chi July 3.
The National ry Council is instituting an all powerful organization whose duty it will be to marshal and control all transportation facilitlès_ for military purposes, Chinese =|circlés here informed the United Press today.—United Press.
The anticipated decline in steel operations was ignored and steels fluctuated within a narrow margin. Motors held small gains and heavy export demand sustained coppers.
France, it was disclosed, has purchased 21,000 long tons of copper, the largest single sale since the Great War.
Union Pacific staged a two point gain to raise the rails average. Utilities fluctuated narrowly and settled down near their previous close.
Wall Street hears that United Carbon will pay $1 for the Jane quarter as compared with 94 cents last year. Crane Ca. may cover its preferred dividend for the year which ended June 30. Canada Dry will pay substantially better than the $1.12 earned last year. Freeport Texas in the second quarter will do better than the 40 cents earned in the first. quarter.
Wall Street drew several conclusions from the performance of the market last week:
1, European markets are still a potent selling force, 2. The U.S. dollar stands strong without the President's devaluation 3. The world silver markets do not khow what to do with the prospect of losing their only good silver customer, the United States. tat, Business is less sensitive to war tal 5. The average American ig not excited over war rumblings.
Ove of the things which the King saw when he visited Ottawa, was the Edmonds me- corner-stone of the Parliament Build-oval Society ings which his grandfather. Edward s at the British 3 yer, aci arns..
Uncertainty continued on the Street today but the market is believed to be in a better technical position.
Favourable market factors today included:
1. The Danzig situation is regarded as being less ominous.
2. Experts anticipate a sharp rise in steel operations next, week.
Unemployment has dropped below scheduled."
Heavy corporate finance
Among the unfavourable factors were these: A
2, The Tie r ton 1. New threats of a strike in the
as Being still delicate, is '3. Uncertainty over the monetary French Journalist Expelled from Italy Rome, July 4
M. Robert Guyon, correspondent for the French paper "Lo Journal" and Secretary-General of the Foreign Press Association in Italy, has been instructed by the Italian Government to leave the country. Articles the correspondent sent his paper were stated to be tendencious—Havas, Dixie Clipper Arrives In Port Washington Port Washington, July 4.
Completing the first trans-Atlantic round trip crossing by plane with a full load of passengers, the Dixie Clipper arrived in Port' Washington at 840 am. today from Europe.—
Havas, Philippine Independence Manila, July 4.
Mr. J. Weldon Jones, Acting High Commissioner for the Philippines, in a speech at the traditional Fourth of July celebrations here today reiterated his belief that both Americans and Filipinos would suffer if the Philippines attain complete independence.
Units of the Philippine Army and the United States Army paraded.—United Press.
Text read from the printed page and cleaned; old type leaves the occasional error.