On the Stock Exchange today profit taking persisted, but selected issues continued to make headway.
Carriers were in demand on the announcement that the report of the "Fact Finding Committee" would be published on Saturday, which, it is believed, would evolve a plan that will solve the wage situation without serious strain on the finances of railroads. The announcement of a plan to increase electricity production aided utilities. A further demand for automobile steel is anticipated. Indications point to steel i|operations reaching a new high for the year next week.
By Courtesy of Swan, Culbertson & Fritz Until midweek, stock prices on Wall Street continued to push into new high ground for the year, though occasional resistance was in evidence. On Monday, trading was less aggressive but the action of the market most impressive with a very definite decline in volume on any signs of weaknesss. Turnover dropped Tuesday as pivotal issues gained generally a point less than some specials which advanced three er more dollars to the best levels of the year. The widest decline since the beginning of the rise on September 27 was witnessed Wednesday. Proft taking forced most leaders lower, but observers believed that {he reaction was little more than a breathing spell after the recent sustained advance. Just before the close, the general list firmed up on geod buying and the strength continued Thursday after some weakness at the opening.
Commodity price movements, as measured by the Dow-Jones Index,
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