| Show COPPER SILVER SIL V R HIGHER AS WORLD COMMODITIES SOAR Trade Recovery Promise Sends Sen ls Marts Booming o-o o ing Value of Shares Advances More Than 7 Billion Dollars Dollars Dol Dot lars in August AugustI I EXCHANGE GIVES GIVE FIGURES Bull Forces Thrown Into nto Retreat Retreat Retreat Re Re- treat by Closing Sales By UI Associated run NEW YORK Sept 6 The 6 The market value of all shares listed on the New NewYork York stock exchange Increased 7 7 In in August the exchange announced today The quoted value I was op on September 1 against on August 1 1 The average quotation of listed shares was was was' 2118 on September 1 against 1558 on August 1 I. Total bor borrowings owings by member firms linns against collateral on September 1 I amounted to LiD per cent of the mar- mar mart value ket This ratio was was on Aug August Au Au- g gust tL 1 U NEW YORK Sept 6 Bull BuU forces were thrown into retreat inthe in inthe the late trading in the stock market tod today y after a bold sally in inthe the early cady trading Gains Gams of 1 to 4 a share were largely erased and several prominent prominent prom prom- Issues closed 2 to 3 or so sOunder sounder sOun- sOun un under der the final prices of the previous session The market seemed to tire easily during luring the afternoon and In the last hour reactionary tendencies pre prevailed prevailed despite efforts of the bullish to hold bold U tip the coppers Volume of selling increased wh when n leading commodities which had been strong in the morning yielded much of their gains Sales Sales' on the New York stock exchange ex cx- change approximated shares On the cotton exchange futures lost virtually all of their extreme gains of around a bale bille closing unchanged Unchanged wi- wi un Un- changed to 25 cents higher United States Steel common after acter selling at against its years year's shigh high of closed at 50 making anet a anet anet net loss of American Telephone finished at of off Union Pacific and Santa Fe each eachl l lost st 3 while General Electric Du DuPont DuPont DuPont Pont and American Can were of off about 1 Coppers succeeded In weathering the squalL Anacondas Anaconda's net gain was to a price of 17 while Kenne- Kenne cott rose 1 to 1825 I Late August Brings New Bright Spots NEW YORK Sept 6 Further JP-Further P Further bright spots on the economic horizon appeared In the last hall hail of August according to reports from Irom editors of trade and industrial publications throughout the United States The consensus as as recorded by the Associated Busin Business ss Papers Inc of New York was that business for th the thelast thelast last half balt of August averaged a shade better than In the preceding fortnight fort fort- night The editors reported building construction construction construction con con- for lor the last two weeks of August showed a number of large public enterprises starting but prIvate private private vate building had not yet et responded to the encouragement of easier ing and low costs RAW STEEL IMPROVES In the steel industry it was said I inquiry and sales of raw materials material were active while Interest In finished Continued on Pas Pan Two World Commodity Prices Soar as Rush Rush Of Buying Begins in Many Markets Value of Shares Advances More Than 7 Billion Dollars Dollars Dol Dot lars tars in August Continued from froni Page Pace One products lagged thus reversing the sequence that followed the 1921 de de- Oil refineries had heavy orders for domestic fuel oils stocks were lower and prices higher and gasoline consumption almost equaled that of 1931 Sales of automobiles in some instances instances in in- stances were declared to be ahead of those in July prices of lead copper and zinc were steadily strengthening business in hi the chemical division exceed exceeded ex ex- d that of ot July for the first time in fri several years and activity in the glass enamel and pottery categories continued to advance TEXTILE ENCOURAGING The editorial Investigators were particularly impressed with the betterment betterment betterment bet bet- of ol the textile markets where a healthy improvement In business was seen with prices of cotton silk wool and rayon again moving up slightly It was added however that department stores have thus far felt fell no definite benefit because retail prices remain ridiculously low The retail outlook it was pointed out is not expected to show any great im im- until consumers find more money in their pockets and that may be bc three months away or longer The publishers stated that advertising advertising advertising adver adver- volume was running about level in some classes of media with increases increases increases in in- creases less than seasonal in others and indications that the low point in volume had been passed That business generally has been taking h heart art was said to have been apparent in reports from hotels in northeastern and midwestern states which stated an increase in commercial commercial commercial commer commer- cial travel was apparent Restaurant revenue was also said to have picked up p moderately a |
