Less nervousness was apparent in the stock market today but cautiousness continued. Relief over Signor Mussolini's speech brought moderate buying at the opening, after which the demand declined and prices sli ped: many leaders recorded small losses near the close due to lack of demand rather than pressure. Traders assumed a waiting attitude pending clarification of the international picture and definite aid to business from Washington. Business news was bullish, including @ seasonal increase in industrial activity, higher lumber orders and current reports that the French are seeking more planes.
In the bond market, foreign issues, notably Italians, ruled strong, while United States government securities reached new all-time highs, Steady conditions prevailed in the foreign exchange market.
By courtesy of S. E. Levy & Ca.
Volume indications possibly favour bulls. Foreign selling hag been con-
Text read from the printed page and cleaned; old type leaves the occasional error.