Sentiment on the Stock Exchange today continued to be friendly, but traders were again cautious, Trading was at a slow pace and stocks entered the new week with an irregular advance and the turnover light. The report of steel operations at 45.4 per cent. of capacity was one of the most disconcerting items of business news, representing the seventh successive weekly decline. Several issues touched new highs on moderate gains. Traders were pleased with what was construed as the moderate tone of Signor Mussolini's weekend speech. Experts said that the re-opening of some soft-coal mines would have little or no effect on the stock list. Unfavourable factors today included the lack of speculative interest.
By Courtsey of S. E. Levy & Co^
The recent apathy is of insufficient duration to determine whether the dullness is reflecting a sold-out market or exhaustion of buying power the technical recovery in April. Important trades are selling,
Text read from the printed page and cleaned; old type leaves the occasional error.