Stock prices today moved narrowly until the afternoon, when they recede ed under the leadership of aviations due to reports that Congress will sharply reduce the appropriations for new planes. However, prices recovered somewhat from the lows.
Market sentiment was friendly but trading dull and cautious. Lessening of the tension abroad continues to be a steadying influence. Some issues made new highs for upward of a year, but the list closed irregular.
Stocks on the Curb Exchange moved irregularly higher. A long list of United States Government bonds reached record highs, and the bond list generally worked higher.
Cotton and rubber prices ruled firm.
Text read from the printed page and cleaned; old type leaves the occasional error.