Thursday's Closing Quotations Preparations on the part of American industry for expansion of pi facilities to meet the demands of national preparedness programme continued last week. Recent events abroad make clear the importance of a comprehensive preparedness campaign on a national defence basis, and, in the opinion of leading industrialists, every American industrial concern should survey its facilities immediately and take appropriate steps to enlist its energies for national defense, Thomas P. Swifts in the "New York Times" of July 7.
Among the more important announcements made last week relating to conversion and expansion of plant were those of the Packard Motor Car Company, the Westinghouse Electric and Manufacturing Company and the Aluminum Company of America. Packard outlined plans calling for a $30,000,000 expansion programme in 8 order to equip its factories for the production of liquid-cooled aircraft engines if pending contracts are closed "with United States and British authorities. Westinghouse Electric, following a complete survey of its plant and production facilities, informed the Federal Government that New York, Aug. 1.
Trading on Wall Street today was quiet and indecisive, with prices finishing with moves of fractions either way. Operators remained on the sidelines, awaiting new incentives.
The continuance of good earning reports and other encouraging business news were overshadowed by prevailing uncertainties.
The turnover today amounted to 330,000 shares.—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.