The Washington times., 1930-05-23
ADVISES BUY.
At TODAY'S
LEVELS
Market Advisor Believes That
Rise Will Begin in Next Few
Days; Writes About Stocks
BY THE SPECTATOR

II
I think the market is a buy
today. I don't mean for the long
pull. 1t is quite possible that
witt further business depression
stocks may sell lower. But for
trading turns, over a period Of
days or couple of weeks. firmly
believe that traders who step into
the market and buy stocks at cur
rent levels will be rewarded with
liberal profits.
The stock market shows no def
mite trend and probably will not
do for several weeks. The con-
census of opinion in the financial
community is that we will wit
nets constantly irregular mar
ket for the next two months, with
confusion of prices and continual
readJuStmentS which will put
many stocks higher and more of
them lower. In othor words, good
stocks will advance somewhat
and meritless issues will recede
to their proper levels.
It is a market in which only
the most nimble traders should
participate. I would like to give
my readers just one tip, as tol
lows: When stocks look as though
they arc headed for bottom
prices, buy them; when they
seem slated to go through the
rec, sell them. 1t takes courage
to follow this advice, but it will
make '---1ey for you.
Drug, Inc.
The best informed market in
terests remark that Drug Inc.
holds it's strength as we'll as, if
not better than, any stock on
the board. This concerns expan-
sion plans are known to certain
groups and the stock will sell
much higher before the end of
the year.
Du Pont has not acted we'll re
Gently. but I would not let that
fact deter me from buying the
stock for large profits over six
HOnInS peTlOO.
Electric Autolite
Despite bearish reports Elec
trio Auto-lite continues to rise. It's
gain yesterday in the face of a
weak market won new friends
for the stool. Of course, the
company's progress in the future
depends almost entirely on the
ir .provement in the automobile
industry. Strength in General
Motors was supposed to have in
fluenced this issue.
There was bullish gossip about
Electric Storage Battery but the
volume was light, and I would
not follow the movement very
far. 1t looked as though the
bids were made to impress the
public.
Coca Cola
One of the stocks that will go
higher during the next two
months is Coca Cola. In addition
to its splendid financial posi-
ton, the company has the added
advantage of looking forward to
its most profitable season, the
summer months. Some wellin-
formed observers of the market
predict that Coca Cola will sell
above 200 within the next six
months. Certainly the company
enjoys good management and
market sponsorship.
would be careful about buy
ing public utility stocks for i'm
mediate upturns. BeariSh rumors
are being circulated about some
members of the group and where
there is smoke there is likely to
be some fire.
Warren Foundry
I am bulliSh on Warren Foun-
dry and Pipe, for the reason that
one of the most conservative
houses in the street has issued
bullish analysis and sent out
bullish circular on the stock.
That the group behind the stock
is. acting in good faith was indi-
Gated yesterday by the rise Of
more than points on fairly
heavy volume. I think this stock
will make good profits for those
who buy it now.