Prices in all sections on the Stock Exchange advanced today on the belief that the foreign situation may improve. This advance here is a contrast to the nervousness prevailing in the European markets. Trading almost halted when Herr Hitler began his speech, with operators awaiting definite indications of a policy. However, when these were not forthcoming, the market advanced on short covering, but caus tion was the dominating factor. Domestic news continued to be fa yourable, with steel operations touching a new high.
By courtesy of S. E. Levy & Ca.
Under the tension of the European situation, the market held fairly steady. The ' outstanding dullness which prevailed appeared to indicate an unwillingness on the part of stockholders to take fright.
If the market has been pre-occupied solely with domestic considerations, little progress has been made since June, while business has recovered substantially. Whether the market has outstripped earnings' recovery can be better answered when a New York, Sept. 12.
The Board of Governors of the Federal Reserve System, in their re-,|port for the week ended September 7 respecting the entire body of reporting member banks of the System, reveal a decrease on total loans of $29,000,000 compared with the previous week and of $1,800,000,000 compared with the correspon: period last year.
Investments, however, show an increase of $10,000,000 over last week and of $327,000,000 over the same week in 1937. During the period under review, total loans were placed at $8,241,000,000 and investments at $12,601,000,000.—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.