By courtesy of Swan, Culbertson & Fritz Stocks, bonds and commodities advanced today on the speeding of the United States Defense Programme plans and aid to the Allies. War stocks recovered sufficiently to restore yesterday's composite average decline. The list- declined briefly early in the session on the German entry into Paris, However, this factor had apparently been previously discounted, since the recovery followed before the close. Domestic business news continued to be favourable, while automobile production, retail trade and commercial loans showed increases, Meanwhile, Stock Exchange mem-herships were around the lowest levels of the century, reflecting the uncertainties of war and the lack of sufficient volume to make ownership profitable, One membership sold Thursday at US$36,000, off US$6,000 from the previous sale. Yesterday US$35,000 was bid for a membership offered at US$41,000. The all time high was reached 11 years ago when a seat was bought for: US$625,000.
Steels led the rise yesterday, registering the largest volume. Aircrafts, chemicals, motors, coppers were prominent.—United Press, Brokers Loans By F.R.S. New York, June 13.
Loans on security to' brokers in New York by the reporting member banks of the Federal Reserve System for the week ended June 12, totalled £312,000,000, unchanged from the previous week.
Loans to brokers during the corresponding period last year amounted to $524,000,000, or $212,000,000 more than the amount recorded during the period under review—Reuter. d Shares
Text read from the printed page and cleaned; old type leaves the occasional error.