The Washington times., 1930-06-27
Comment on
Market

Until fundamentals in the COM
modify situation show marked
signs of betterment and the busi'
ness signs begin to clear we hold
scant hope of reversal in the
stock market.-PEARL 81 CO.
The decline in the commodities
still remains the disturbing factor
in the stock market situation.
Unless some sterilization is noted
it does not seem reasonable to
expect any sustained impove-
Ehent in stock prices s-BABCOCK,
RUSHTON g. co.
Wheat Rally Needed
The only logical conclusion
from yesterdays action is that
the trend of the market is still
down and that it is extremely
hazardous to play for trading
turns. A vigorous rally in wheat
prices offers about the only hope
for the stock market.-OTIS g.
CO.
The tantalizing action of the
commodity market is producing a
diSheartening effect on the stock
market. With wheat registering
new lows, it seems as though the
market must Succumb.-FAROLL
BROS.
The stock markets action yes
terday clearly indicated that
prices have not yet touched bot
tom. Unless strong support de-
velops overnight it is logical to
expect any sustained improve
prices today.-SUTRO & CO.
Buyers Told to Wait
Those looking for a point to
buy stocks are justified in using
still further patience and con-
serving buying power for the
time when solid bottom has
been established and a sustained
uptrend is ahead.-BEER g. co.
The short interest is growing
IN the market and a rally Of gen
erouS proportions could develop
at any time. However, pending
Stabilization of the commodity
markets We advise staying on the
siCAeines.-CUSICK, KENT & co.
The inability of the market to
hold rallies should be the strong
est argument for cautlon.-RED-
MOND & CO.
The sooner commodity markets
reach point of steadiness the
better it will be for the stock mar
ket.-JOHN MELADY & CO.
Sees Trend Down
The market appears to be
headed lower and we do not ex-
pect definite sterilization until
we have had three or four days
with large volume and probably
lower prices than are now prevail.
ing-BAINBRIDGE e. RYAN.
A stand-aSide attitude is desir.
able unless one has the courage
to buy good stocks on the scale
down for long term investment
NEUTRALITY-SUSPICIOUS. & co.
The downward trend is appar-
emily not yet arrested.-ROBBINS
& CO. -
Until the market is able to
maintain rally for more than
one session the confident resump-
ton Of long-pull commitments can
not be advocated.-J. S. BACHE
& CO.
It is difficult to see how some
stocks can go lower, and on sharp
drives we would make purchases
for trading profits on rallies
ORVIS BROTHERS.
Investment purchases can be
postponed until the market has
more definitely established itself.
-HORNBLOWER & WEEKS.
BeariShnesS Rules
Present indications are that
new low levels will be established
in today'S session. Still continue
to stand aside. awaiting a more
favorable level to make Specula-
tive commitments in industrials.
EMANUEL & co.
We believe the Sidelines are the
best place for all but the hardest
operators.-F. L. BTTTLES & co.
Under the present circum-
stances we feel that purchases
should be made only on declines
until the list shows more stability.
-TOBEY & KIRK.
We still see no relief in sight.
Sooner or later the short side of
the market will become too popu-
lar and then one of these rallies
will hold.-BAAR, COHEN g. co.