The Archive · 1941

N.Y. Stock Market

New York, June 16.

Prices were irregular on the Stock Exchange today and trading was quiet, although bonds of Axis nations declined sharply on the order of President Roosevelt freezing European funds, German bond losses ranged to one point while Italian issues were down more than a point. Danish losses ranged to more than three points.

Wall Street experts were cautiously optimistic, however, regarding the immediate future of the stock list. Y ugue yah gags Some suggested purchases on any further weakness. None recommended promiscuous selling and most analysts agreed the list would continue to be highly selective. They expected some issues would be un-

credit freezing developments and other considerations might reduce earnings.

Commodities advanced on the market today and wheat and corn were fractionally higher. Experts

Text read from the printed page and cleaned; old type leaves the occasional error.

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