Show BOSTON Sept 11 The 11 The wool market Is fairly active with business slowly expanding Australian auction prices are reported 2 s 31 per cent to 6 5 per cent higher Low quarter bloods are In demand de do mand and Os have advanced 2 cents Fine French combing territory wool Is selling at 1 and and good halt half blood staple at around WEEKLY FINANCIAL U REVIEW ESI ESS' ESS NEW YORK Sept 11 AP AP The stock market floundered around within a comparatively corn com narrow trading area this week Trading was largely of a pro pro- character with the volume of business restricted by the observance of the Jewish holidays by many traders and the approach of the third quarterly income tax dividend and In Interest in- in terest dates Public participation was reported by th larger larer commission houses to be on a small scale While current earnings and sales re reports ro- ro ports furnished cumulative evidence of prosperity In many lines of business the situation was still a source of uneasiness as evident by the manner In which the stocks sold oft off on rumors that the Boston and New York federal re reserve reserve re- re serve banks would Increase their rediscount redis count rates which proved to be un Un- founded The weekly statement of the combined federal reserve banks showed that total rediscounts were vere well weft below those of the corresponding period last year An Increase of over In loans of stock exchange members last month brought the total above the mark for the tho first time since ince last spring Th monthly report of the United States Steel Sleet corporation Issued ester yester yesterday esterday day showed a drop of slightly more than tons in unfilled orders last month Mill operations however ar are being being- at an unusually high rate with prospects of fall business considerable con con- favorable The steady In Increase increase in- in crease in crude oil production probably accounts for the tho sluggishness of th oil shares The report of the federal oil conservation board intimating that the or of domestic crude In proven fields would b be exhausted In six years aroused widespread widespread- discussion In oil circles cir cir- ole cles and was Interpreted as bullish on Stocks of companies owning large acreage acre acre- age in productive territory Railroad shares chares continued to Ie attract widespread speculative and investment Interest scores of new high records being be be- ing established In that group Special strength developed In Chesapeake and Ohio Kansas City Southern Great Northern preferred and Chicago and Northwestern Good buying also developed devel in railroad equipment shares particularly par par- Pullman which soared to the highest level since 1010 1910 on rumors rumor of special dividend distribution Coppers and sugars showed temporary outbursts strength of-strength on reports of Im Improved Improved Im- Im proved trod trade conditions General Motors Mo Mo- lore tors sold at 81 the highest level in a month or moro more with trading again In heavy volume but Mack Macic Truck ansi and some of the low priced motors were conspicuously heavy Among the specialties which stood out was Warner Pictures which soared to a record high level at 67 influenced In in- in by the the- success of the company's corn com pany's new talking motion picture and the announcement that theatres for Its presentation had been leased In Atlan- Atlan tlc ti City Chicago Chicago and and other cities Bolivia Is 1947 I linn Finland 75 1950 15 35 99 99 99 Halt Os 5 99 i Vi Panama 7 Peru 25 Poland S 1950 90 89 90 Uruguay Os rots 60 39 95 95 TJ 75 1946 1546 4 97 97 97 Saxon Pub W tV 45 43 5 99 53 99 Bremen Bremer Is 99 i Queensland 6 1 4 R K Grande do Sul Ss Sn 2 San Paulo sf to 36 35 2 10 do 7 Is 1956 19 96 96 i 96 Swiss Sc 11 Vi Swiss 1945 14 0 Eleo Elec Pow las 12 95 95 Else Elec Lt Co Os 37 99 98 99 1929 1939 3 8 do 1937 3 U S of Brazil Ss 1 9 S do Cent Ry fly Kl El Is 0 95 95 I BOND MARKET AVERAGES Saturday Friday Ten first grade rails Ten secondary rails rail Ten public utilities Ten Industrials Combined average Combined month ago Combined year Total bond tales sale par value |