Evening star., 1933-11-25
STOCKS FOLLOW I
UNRUFFLED TREND
Session Ignores RooseveIt's
Silence on Monetary
Program.
Special Dispatch to The Star.

special Dispatch 10 The Star
NEW YORK, November 25.-waII
Street may have been disappointed that
no reference to the gold-buying, price.
raising program was made by the presi.
dent in his Warm Springs speech. If so,
there was no visible sign In the stock
market, which was merely another
Saturday affair to unruffied dillness.
Lacking this official Qualification,
statements from those CLOSE to the adj
ministration" that no change was immi-
nent in the gold policy, failed to check
the improvement in the dollar. More
over, there was the fact that the price
Of gold was left unchanged for the fiftT
consecutive day equalling last weeks
performance.
Some encouragement in the growing
view that general business is on the
mend was found in the October state
ment OF foreign trade. Exports were in
the largest total since october, 1881,
according to the Department of COM
merce. October shipments were 81 per
cent over September and 81 per cent
over October last wear. Imports totaled
3 per cent more than September and 43
per cent more than October a year ago,
Alcohol Shares Gain.
A show of strength in some of the
alcohol stocks in the early trading NAV
have been a reflection of the an
nouncement that the Childs Co., large
restaurant chain. had applied for a
number of permits to serve spirits and
wine. - xSs also announced that Gen
eral Foods. ~ch had decided tenta-
lively against c~>Eing the liquor field
short time ago Would reconsider the
proposal at special meeting of direc-
tors called for next "Wednesday
Canadian Pacific early rose nearly a
point on show of volume. Car load
lngs on Canadian roads are on the up-
trend. the total for the week ending
November l8 being 17.420, against
45:950 in the like 1882 week. American
rails were mostly inactive There was
quiet strength in the motors, oils and
steels. the latter being helped by the
statement from Youngstown that opera
tons IN that district would be stepped
up to 35 per cent at the beginning Of
next week, an increase Of 5 per cent.
Gold Price Unchanged
With the gold price unchanged again
tooay lhere appeared 10 be growing be.
/ lief that some modification. or at least
some tentative explanation of probable
co1ectlves of the campaign of dollar
deprecia ton would be made before
long. This feeling communicated itself
to the electrical and public utility
stocks, which rose point or so. with
North American, Commonwealth l.
Southern, Columbia Gas, General Elec.
trio and Westinghouse leading the
movement
The activity of rising prices in the
utility and electrical groups contrib
uted a little zest to the remainder Of
the list in the second hour. but fea-
lures were lacking. In general, stock,
gave a good account of themselves.
maintaining an air of quiet confidence
IN the face of monetary uncertainties.
which seem no longer to get on Wall
Streets nerves This was the most
encouraging in the face of a reaction
in grains. which lest a good part of
yesterdays improvement. The close in
stocks was around the best levels of
the day, with fractional gains predom-
mating.
(Copyright, 1880