Pre-holiday considerations restricted trading on the Stock Exchange today. The strength of metals aided sentiment, but most traders adopted a cautious attitude. Shorts were mostly buying, being afraid to hold their positions over Thanksgivine Dav. An advance was again recorded in Pittsburgh steel scrap prices, Electricity output touched a new hich level since October 23.
1937, while carloadings are rising The announcement today by the Con-per Cartel of the resumption of restriction in output was an incentive to coppers. An estimate of increased construction awards East of the Rockies aided building stocks.
By Courtesy of Swan, Culbertson & Fritz Characterized by a volume of trading at a low ebb, stock prices on Wall Street during the current period under review moved irregularly lower. After early weakness. the market recovered impressively Monday, though many traders preferred to keep to the sidelines. {Coppers behaved well and aircraft issues again ruled very firm. Brokerage opinion Tuesday. when prices {again moved fractionally lower, continued to be mixed and the character lof trading largely professional. Much
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