Pressure on Wall Street lifted today with sentiment more friendly towards the market. Prices advanced from rubber market ruled steady but idle. London Rubber: Spot, buyers 7j} unch: "sellers 8 unch; May delivery, buyers contract): May Oct, 4/53% fractions to three points, but later trading lightened somewhat. Many quarters believed that the market was oversold. Bonds ruled higher, notably foreign issues, which responded to the lessened tension abroad. Italian obligations rebounded, some as much as four points, whilst one Polish issue jumped six points. Some short covering was noticed in the market today, whilst a portion of the buying was traced to foreign sources. The: London market presented a better appearance.
Trading in the commodity markets was mixed. Grains finished avent the same as yesterday; cotton eased; and, rubber and hides advanced. Foreign exchanges closed easy.
Text read from the printed page and cleaned; old type leaves the occasional error.