There was nothing in the news to explain the sudden late reversal of sentiment on the Stock Exchang which prompted heavy profit taking today, Business reports continued to be cheerful—textile industry reported increasing confidence; steel scrap maintained its rise; Department Stores sales are better than reported for several weeks; a Stock Exchange seat was sold for $85,000, an. increase of $5,000 from the last sale; and, Pennsylvania Railroad has contracted with the Westinghouse Electric for an order of $170,000 to build the electrical equipment of ten locomotives.
Text read from the printed page and cleaned; old type leaves the occasional error.