Wall Street was encouraged today by the improvement shown in the French labour situation, Pressure to sell was lacking and the setback early in the session was more induced by a lack of buying interest, following a 4 move to the sidelines on the part of many traders pending clarification of the Washington situation. Some traders have planned to remain on the sidelines pending President Ri osevelt's fireside broadcast on Thursday. Mr. Eugene G. Grace, president of the Bethlehem Steel Corporation, has indicated to stockholders that they may expect to see some profit for the first quarter of this year: he said that there was an improvement in business now. Tidewater Associated Oil not income for the first quarter was equivalent to 42 cents per share, compared with 39 cents for the corresponding period of last year: this showing is deemed to be especially significant.
Text read from the printed page and cleaned; old type leaves the occasional error.