Steel shares with gains ranging about three points led the Stock Market higher today on a moderately increased volume. Steel demand came partly from shorts and partly from new buyers, who were favourably impressed through reports from the industry. The present week's output declined shortly, because some of the plants have been closed temporarily because of repairs. Backlogs and orders are still exceptionally large, 98 Branches in The Netherlands, the Netherlands East Indies, the Straits Settlements, India, Burma, China, Japan, Arabia and Netherlands Guyana, Correspondents in all principal towns of the world.
Text read from the printed page and cleaned; old type leaves the occasional error.