Show STOCK MARKET FOR WEEK IS SOUND I l IVl REVIEW Re NEW EW YORK Yom July Profit 12 12 taking and beai Impeded the upward movement of stock prices this weck eok which a was fea- fea fua lured by a series eries of bullish demon demon- in the public utilities shares hares tendencies which were ere not altogether unexpected unexpected altel te five weeks of almost steadily rising prices did not s I ic- ic e- e e suit in any lal recessions e cx- cx e t Pt in a few re speciality is- is issue issues is issues sue sues Selection of a aile na- na na na lIonal ticket after the deadlock tailed failed to have any Influence on either the th volume volum of trading or quoted values alues although observers agreed agrees that political considerations were ere likely to play an pat pait In the lh summer and tall fall marac's mar- mar es acs Trade ne news was isag of a mixed char char- character character acter A drop of 3 f 34 tons tone ton In inthe lithe the tho JUl June O unfilled orders order of the United States Stats Steel corporation was wag somewhat smaller lIer than w wis is s expect expect- expected Id I'd resulting In la a short hort 11 Hied ed bus bus- log Ing movement In the th steel teel group croup ca cai loadings increased In the tho last lat week celt In June Juno but some of the th June Jun earnings statements l tem nt were reg aa M disappointing Oil har shares hare wr were ero subjected ton to se- se serie ned la-ned rie Influences Influence A sharp harp drop In crude oil production for tor the wee week weekending ending July 5 f and a is n big bic increase ir In gasoline consumption In Juno June were partly offset by further cute cuto cut ir In and Gulf coast coat crude prices Wall Street heard reports report during the week of a gigantic oil merger Ing se oral of the tine lar- lar larger larger lar-Eer lar ger Independent companies but these lacked Jacked confirmation Money Mon y rate rates continued relatively easy with Ith call funds getting back to 2 per cent after a R temporary stiffening due du to tho heavy Jill July 1 Interest t an and ami dividend dl Sales of copper at ot 12 Sc c a pound t 0 e 10 lowest In two years were coun- coun counteracted coun counteracted at least In part pirt by the heY heavy shipments shipment of silver to In- In India In India i dia and the h Far Tar Eat East at prices that 5 net nt the th larger producers producer a good profit Sugar and motor cs were ere Inclined to heaviness but chemicals and leathers took tooh on a new lea I to of ot life lite on of Imported trade condition conditions |