By courtesy of Swan, Culbertson & Fritz Stock prices rallied late in the session today and closed higher for the fourth consecutive session after early uncertainty. News was generally fa-yourable, but traders remained caus tious. An improving demand uncovered thin offerings. Car loadings for the final week of August are believed to have touched a new high for the year. General motors steering gear division is reported as likely to receive a contract for 25,000 machine guns. Net earnings of Lockheed Ai craft for the first half of the year are $2,022,619 compared with $508,860 for the corresponding period of last year.
Stocks:—Ruled sffong at the close on an expanding volume, which was highly impressive and" indicative of higher levels. Low priced rails cot tinue to be actively bought as ca loadings. maintain their gains. Rubber shares responded to reports of the Japanese moving cautiously as a result of the British and American deal, This Last Week Week, Business Failures 229 263 Demand Deposits in Federal Reserve Member Banks $21,053 $20.956
Week Week Ended Ended 31/8 24/8 Crude Oil Daily Average Production (Pet, Inst. of N.Y.'s) 5.501.000 3,508,000 (barrels)
Text read from the printed page and cleaned; old type leaves the occasional error.