New York, June 10.
Stock prices on Wall Street today eased up to about 1 point, and, in the absence of convincing signs of a reversal of the business recession, the market encountered cautious profit-taking. The Congressional battle over the Wage-Hour Bill stands to confuse sentiment. Moreover, while inflation is being much discussed, Wali Street is apparently not willing to back-up talk with more extensive buying. Steels ruled easy, while motors were resistant on a higher June production estimate. Coppers eased in the face of the boost to scrap and export prices. The turnover today amounted to 410,000 shares.
Text read from the printed page and cleaned; old type leaves the occasional error.