Uneasiness over the near term tre of industrial activity brought akord declines exceeding one point in leading stocks on the Stock Exchange today. Some special issues countered the downward trend but the main list entered the closing minutes with losses far outnumbering gains. However, the volume of trading was better than yesterday, Stocks moved narrowly throughout the first two and a half hours and then plunged lower. Steel leaders eased when reports indicated mid-week declines in steel operations in the Pittsburgh and Buffalo sectors, By Courtesy of Swan, Culbertson & Fritz The minor down trend which got under way on January 4 continued' until Monday when the stock market closed at its lowest level since September 2, just prior to the outbreak of the European war. The weakness was attributed to fears of an extension of hostilities abroad, an imminent recession of sizable proportions in business activity and increased tax levies by Congress, With some easing of the European tension, a mild rally developed on and Wednesday, bu this was con-rather unconvincing agra idered assent techni an
was accompanied by a decreased volüme of trading, Bank of France Returns Paris, Jan. 18, The return of the Bank of France for the week ended January 10, shows gold reserves totalling. 97,266,000,000 francs of gold content of 275 milligrammes, indicating no change was compared with the preceding week.
The total note circulation is given as 152,392,000,000 francs, representing a decrease of 577,000,000 francs as compared with the week ended January 3—Reuter, Japanese Postal Savings Tokyo, Jan. 19.
Japanese postal savings through Thursday amounted to Y.5,718,088,069, it was announced today. During the eight day period starting Jan. 11 postal savings amounted to Y.110,000,- 000, of which Y.27400,000 was collected yesterday.—Domei.
Text read from the printed page and cleaned; old type leaves the occasional error.