Show I Wall Wal Street Br Briefs 1 I Moderate Modera te gains continue to mark operations ope ope- rations on branches branche of ot the steel Industry industry Indus indus- try Iron Age reported today Buying of ot rolled steel etel products particularly bars tory of shows poi largest g further consumption gain t In nn the s some rne territory terri tern of t the mills mill reporting the best bett u since last lat November while the largest laget producer at Chicago booked booke 70 per cent more mor business In th the first three thru weeks of ot August AugUt than In the like period of ot July Farm Implement and tractor manufacturers manufacturer have led In the movement both Industries being more active than at an any time since elne 1920 10 Agricultural Ag Ag- pro prosperity Is I. reflected In a better demand tor for wire wine products product The he Iron Age composite prices showed no changes this week pig Iron remaining at 1004 compared compared with wih 1946 14 a a. year ur ago go and finished steel at St t per pound compared with wih at this time last lat year rear Wall Wail Wal tret streets street's belief belef that Mexico would soon loon b be in a position to resume reume payments pay pay- ay ments meats On n. n its Il external eterna debts deb S hit ha hi been heightened by the announcement that thata tha a a new bank of ot Issue would be opened f e i J J i Ir t nut next month Establishment of ot this In Institution In In- bankers familiar with wih Mexican Melean conditions cay Bay should strengthen the financial situation and so pave pals the way v for cl a restoration sT rn of the r Lamont-de Lamont o 1 la agreement Recent Re nt progress In negotiations for tor a settlement has haa been ben reflected In the advance ot of Mexican bonds some ome of ot which it is II reported ported may be retired under the new nt plan New financing by the Industrial Rayon Raon corporation today was wu accompanied nied by the announcement that the COmpany would own not less leu than shares hars out of shares share Outstanding outstanding out out- standing common cOllon stock of the Industrial Industrial Industrial Indus Indus- trial Fiber Ilber corporation and would make blake an offer ofer of ot exchange to h holders of or the Balance of ot this stock An Issue of Industrial Rayon data class A shares share was aI a I placed on the market at at 20 0 a share shar |