The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1930-05-07
Eastman Kodak

While it was possible to buy
good stocks yesterday with ones
eyes closed and still reap profits,
experts point out that Eastman
Kodak, recommended here as one
Of the best buys on the list, re.
corded one Of the largest gains
in the market, advancing more
than 8 points and closing at the
top for the day. The patient
investor who buys this stock now
and holds it until, say the end
OF the year, will be able to sell
at q large profit.
The effect Of the latest break
On the speculative element was
reflected in the volume Of sales
which dropped to 4,755, $50 shares,
compared with Mondays turn.
over Of S,272,260 shares. The
public is wary again.
American Tobacco (B)
Rise Of II points in American
Tobacco B to q new 1880 high
reflected confidence that directors
viii soon vote to split the stock,
q development which would prove
highly beneficial to stockholders
Despite general business depres.
sion, the indications are that
American Tobacco Company's
earning for the year will set a
new record for all time. IF you
are in a position to buy high
priced stocks this is another at
tractive purchase.
No perceptible worry has been
caused by the Attorney Generals
QUESTIONABLE on investment
trusts. The Street believes moth
ing much will come Of the move.
Stone and Webster
Stone and Webster was one of
the first Of the public utilities to
recover from the setback. There
Is no pool work in this stock; II
advances on its own merits. not
the least Of which is the com
pany's sound management. Elk.
pertS have no hesitation in
recommending it for a moderate
pull or for a long term invest.
ment.
Engineers Public Service shot
UP three points on heavy buying
yesterday. Investment trusts
long on this stock are not
abandoning their position. The
company is managed by Stone
and Webster.
Anaconda
Anaconda Sagged to a new low
under influence of the reduction
OF copper metal prices to Is cents
a pound. 1t was reported that
metal had been offered at 1919
cents. Experts say there is lit
tie hope for holding the price at
Is cents and that an oft-cia.
cut Of u or l cent a pound may
be expected soon. For that
reason it is advisable to leave
the copper shares alone for the
present. They may look cheap
but they may be cheaper.
Kennecott suffered too from
the copper price cut. There is
little hope for an early upturn in
this issue, observers believe.
General Electric
General Electric did not ad
vance as sharply as many Of the
other trading favorites. To
observers, this indicates thst
traders and investors have
reached the point where they de.
sire higher dividend yield than
that offered by General Electric
Nevertheless, General Electric
will advance to much higher
prices, for the company is one
Of the soundest in America.
Westinghouse moved UP six
points on heavy trading. This is.
sue continues to be one Of the ia
vorites Of the speculative element.
Radio
Rise Of nearly five points In Ra'
dio failed to quash persistent re
ports that the strong pool which
has been operating in the stock
for some weeks has disbanded
The break, it was reported, hung
UP heavy losses for this group
Experts fail to see why. for the
stock has had a somewhat spec
tacular run-up during the last few
weeks. If there were any losses
to the pool, they must have been
on paper.
United Corporation maintains