Stock prices spurted within touching distance of the 1939 highs, influenced by active trading and short covering which sent high-priced shares soaring. New buying was noticeable in all sections, with war stocks making the best showing. Traders operated on the theory that European peace is now remote. Other factors included: The Government 4 giving the Nation greater trade outlets to South America, where a gold credit has been arranged for Brazil. Domestic business news continues to give a favourable showing, with Corporation profits reflecting the recent improvements,
Text read from the printed page and cleaned; old type leaves the occasional error.