Sentiment on the Stock Exchenge appears to be more friendly than it has been for the past several weeks, However, caution remains unrelaxed, while considerable selectivity in purchases is noted. Business news continues io be encouraging. However, irregularity in the London stock market reflected the foreign situa-lion. The "Iron Age" statement that the buying movement is holding well aided steels. Electricity output for i the week ended December 3 touched the best level since the record high of September 4, 1937. We expect thàt carloadings for the week will be well above the corresponding period of last year. However, commodities are failing to reflect the business improvement.
Text read from the printed page and cleaned; old type leaves the occasional error.