Traders on the Stock Exchange continued to adopt a cautious policy aday, pending more definite indications of the near-term trend. Prices recovered substantially, following am eerly decline, whilst the hardening of steel scrap prices aided sentiment. Favourable factors today included: the signing of the Anglo-American Trade Agreement due this week; anjpations of a rise in commodity prices; and the improvement in retail seles. However, the weakness of, sterling. depressed all markets, combined with the further selling of stocks in London and indications of lower carloadings, THURSDAY,
Text read from the printed page and cleaned; old type leaves the occasional error.