Westinghouse Electric r. 31/3 8210 $151 United Aircraft 180 Standard Oil of Cal. r 35 North American s 5 Studebaker b 23 Cotton:—Ruled strong on a broadening
orders reported pending. textile demand, and large Government Wheat:—Presented a narrow and erratic appearance. There is some belief that the market has discounted the passage of the Fulmer Bill, but final action on the Bill is still uncertain. The ten-day extension of the maturity loans and expected large private estimates tomorrow are tending to caution. up on continued ud. An unconfirmed rumour states that the Government Reserve Agency has advance buying minimums. There was a good jot" demand at the advant Cocoa:—Ruled higher on apprehension of further freight complications, due to the pooling of shipping.
Sugar No. 4:—The market was quiet but steady.
By courtesy of Swan, Culbertson & Fritz War and tax uncertainties remained predominant New York stock market influences during the current period of review, and the Industrial average reached their lowest levels for the year at the close of the session. Rails, however, continued to give a better-than-average performance, The slight and irregular price advance on Monday was insignificant, as the volume of ing was the smallest since March 8. The settlement of the bituminous coal strike heartened operators on Tuesday, but the gain in the Dow-Jones averages was small, as buyers continued cautious in view of war and tax uncertainties, Weakness among the few leaders on the stock market, such as American Telephone & Telegraph and Dupont, caused a general downward trend on Wednesday, the averages showing the biggest decline during the week under review. The weakness of airlines was attributed to President Roosevelt's request for a survey to determine the quantity of commercial transports available for sale under the Lease and Lend Bill, The easiness continued on Thursday.
Commodities, as gauged by the Dow-Jones 11 commodity index, advanced on the prospects of favourable farm legislation and shipping uncertainties in the case of imported raw materials, Wheat, cotton and corn rose as a result of the approval by the House of Representatives of the 75 per cent, mandatory parity loans on these Commodities. However, the farm block Senators are apparently insisting on a compromise between 75 per cent. and 100 per cent, which tends to strengthen the possibility of the early passage of 75 per cent, parity or over. The 175! per cent parity loan in futures means approximately $1 for wheat,
Text read from the printed page and cleaned; old type leaves the occasional error.