Prices on the Stock Exchange declined today. with losses ranging from fractions up to about 2 points as a result of the caution prevailing. Many traders feel that a technical reaction is overdue, for which reason was a tendency to take profits.
two percent decline in steel operations hurt the market, while Mongol Company announced that because of poor earnings it was necessary to defer the dividend on the 5 per cent. cumulative preferred stock. Steels declined; other metals moved motors were down owing to our uncertainties; food held better; most chemicals lost a point or more; cis eased fractionaity, and, aviation anyo ground, By Courtsey of S. E. Law & Ca.
There has been little liquidation apparent and short selling during the week was smaller in proportion than lately, Ingredients of bullish sentiment were unquestionably the record breaking idle funds and recognition of the fact that, inasmuch brokers' loans now totalling $553,000,000 are
Text read from the printed page and cleaned; old type leaves the occasional error.