While ruling fractionally close to the April and June highs and imjune apparently to adverse war news, "Trader" says in "Barron's Weekly" that stocks must penetrate the highs on volume, otherwise speculation will continue to be de-sultry. Outriders that precede a forward movement are more numerous even if the market is trendles.
Standard Oil of New Jersey. is currently ruling at nearly eight points from the price where 509000 shares were distributed six months ago, which invalidates the theory of cash being preferable to equities wuder war and tax uncertainties.
Priorities and price-cellings are vnguestionably serious, but the Administration does not intend to grind industry between rising costs and stationary prices.
Since the outbreak of the war twenty-two months ago, commodities have risen from 16 to 65 per cent, meaning the, redueed purchasing value of money and lessened esteem for fixed interest securities.
Text read from the printed page and cleaned; old type leaves the occasional error.