New York, Aug. 8.
Very dull, narrow and featureless conditions again prevailed on Wall Street today, with prices! moving fractionally either way.
Trading continued to be very uninteresting as operators remained hesitant, being dependent upon war news.
Aviations and airlines gave a good account of themselves, although most Low Close Changes 30 Indust. 125.48 12487 125.13 +001 20 Rails 26.78 26.62 2670—001 15 Utilit. 22.59 22.44 2247—009 40 Bonds——8814 40905 11 Commod,————504—942
Aug.7 8 LIT 8 Tips n 2 Adams Exp 5} 5i 384 Chal 32 31i A AlumLtd 66% mim At the present time, the Institute revealed, American Oil companies now control 40 per cent. of the oil interests of the islands through the! Standard Oil Companies of New Jersey and California, and occupy fourth place among holders of rubber investments in the Indies through the U.S. Goodyear Ca, Firestone Tyre and Rubber Ca, and the Goodyear Tyre and Rubber Ca.
The entrance of the American rubber interests in the islands was for the purpose of freeing themselves from dependence on foreign sources, according to spokesmen.
These are some of the reasons, the Institute states, that probably dictated the strong attitude taken by Secretary of State Hull in his warning of April 17th that the United States could not remain indifferent to any change in the status of the islands, because the United States, like many other countries are dependent on them for vital raw materials such as rubber, tin, quinine and copra.
Holland, as a matter of fact, had almost a world monopoly on quinine as a result of the production in the Netherlands Indies.
Text read from the printed page and cleaned; old type leaves the occasional error.