The Washington times., 1930-06-05
FOOD STOCKS
LIKED BY
EXPERT
leading Oils Seem on Up
Rade and a Few Attractive
Purchases Nay Be. Seen
- THE SPECTATOR


Thsre has been so little buying
eIrinx the last few days that it
sssms improbable that there will
hR murh prufit-taking in the
Etuck market today, following
yssaRrdays advance.
nat recovery gave the stock
MH1 thR most impressive appear
ance q has had in more than a
wsek. and did much to arouse
hmweS 0f q more active market
ever the next few weeks. How
eu~r. I doubt whether such hopes
III - realized.
TrmG1ng opportunities will pre-
uEu1 Themselves from time to
the. buf traders will be forced
% at quickly and to choose
Tmmzw sfnckS carefully before EuJr
~ FoT the last few days. l
haHR ben recommending leading
fuuG srock& At this time I am
mmrR nuIlrsh than ever on this
EEwn. ard YOU VIII find detailed
inEuEnafion below about a lew
e thR outstanding food stocks.
rRmnEnx oil shares seem TO be
en- ne Upgrade. and there are
f<w arrEactive purchases in this
@zEawnn FoE the present. would
cumwENR To steer clear Of the cop-
RTx. wnlch probably will mark
rme until after the Anaconda
Gzwa2nnd meeting.
Steel Tonnage
fdLaea tonnage report for May Will
- punISned Tuesday and is quite
Ekelv % ~ unfavOrable. It prob
mAsv wfu have a m0mentarily de
urwsszng effect on the market,
bE1 - generally agreed that
ER~l Cuwmun has discounted all
nsHwzzh factors during the last
w@k
Ar Eednctlon sky rOcketed
mEmzn yesterday. coming within
frMwx1un of is 1890 high. Again
rnsrs W1s weakness in U. s. In
eSrrsaI AIeohol and. as We said
yEsHerGMy. traders are wondering
Wy the varying trends.
General Foods
SIM within q fraction of the
years hlgn yesterday. General
FuoHs attracted vide attention
~ rSazun q its activity. Paying
a1waannds a. the annual rate of
g7 rnsS stock Is selling to yield
anuz- 8 PER cent. The $3.50, 800
sHm-~s q common stock form the
cu-wauy's only capital obligation.
Oue q the leading houses has
Eszzs@6 . buIliSh circular on the
Esuwk- pointing out that the
hzrrSSye GEick freezing process
q wnch GeneTal Foods acquired
ounsrul laS1 year. promises to
Hruwx IN huge revenues for the
cEuauy, which Is the nations
lszGnz mzzufacturer Of packaged
Esa9z ard promises TO become
uMxannL distributor Of trade
zaxked and packaged meat, poul-
~ fizh- fEJEir and vegetables.
r. CuurrolS more than 20 ma
euuAly advertised and trade
EAxked productS. whose sales and
mMa pEufS8k have expanded about
G@a per cent m seven years. Cen
eral Fo0&S has effected economies
e GE1r1nufion. and combined
smrnznEs u 1879 eQuaIled $3.50 a
anmrW. Ensa2adanG earnings OF sub
zEaries for the fiscal period Net
Fey tne FIRST quarter Of 1880 was
o. q q Sfsare advise purchase
nf rnzs stock az the market.
G~nFrai Motors continues to
wmmw rf-w -OOd opinion Of the
BRuMmE hznxerS- and might well
- 80 a. q stabiliZlng lnflu-
gne en- tzse market
Ammwgment Shares
CmucsEms1E the report that
nza Cnxporarlon may absorb
PmwmmwmE- Puh1tx. / doubt whether
60 Ee&ErMl Trz6e Commission
w4 pNZlr SuCh consolidation,
a. I csrs4=nly % not believe any
mwm wNrMNT WI 2 conSummated
wszn r.R neE1 c0uple 0f weeks.
A. fsr t-E repoTssd F0x Film Op-
wn on Cn1umhsa pictures. /
ia q gu1He howlcal and IL is
uEkEiv tnzf there would Be any
- fha