i> r ening Press News 
1 August 1938 
MISCELLANEOUS 
The stock market closed slower today after a day of extremely 
dull trading. Nearly all issues closed with losses of fractions 
to more than a point. The market held a narrow range, with 
few changes from the start. There was little business news to 
influence prices either way. US Steel was down 3/4 at 58, 3/4 
when the market closed. Chrysler lost 1/4 in the day's trading 
and General Motors 3/4. 'Mining shares were heavier losers, 
with nickel down a point, Kennecott down 1-1/8 and Anaconda 1/2 • 
Santa Ec clung to a smallgain and finished up 1/4. New York 
Central dropped 5/8. Edison lost 1/2 and Telephone 1-1/2. 
The bond and curb markets likewise moved in a narrow range. 
Grain prices hit the lowest level of the 3 r ear 
4 - 
et o 
o 
hie ago 
The 
cotton market w as dull and lower; at New York prices were off 
8 and 9 points. 
l^shi n ^toiK 
Chairman Jesse Jones of the BEC predicted today that the 
United States would have a continued improvement in business. 
The BEC head made his prediction as he prepared to leave for 
Europe on a vacation. Jones said that ho believed that the 
■J*. 
present upward trend of business will continue without any 
serious setbacks. 
Mexico City: 
Industrial activity in Mexico City will halt for several 
hours next Wednesday while labor holds a giant demonstration 
to prove its support for President Cardona 
o • 
Eorli , Italy; 
Premier Mussolini said today that Italy will go straight 
ahead with its new racial program despite criticism of racial 
ism and nationalist oppression. Italian Jews fear a forth- 
coming meeting of the Fascist Grand Council will adopt a 
definite program concerning the activities of non-Aryans , 
American tourist traffic to Germany this summer is 50 fo 
below normal ,' travel agencies reported Saturday. They blamed 
the war scare, economic depression, antipathy to the Nazi 
regime and the new lov; rate of the French franc* 
End of Press. 
