The strength of wheat and the heavy demand for copper metal featured the Nation's markets today. Stocks and bonds declined irregularly as traders became cautious in view of tomorrow's holiday. The lack of demand for shares in the rain list brought declines ranging up to one point without any particular pressure, Many specials made new highs, while a few issues gained widely. Copper shares responded to purchases of the metal. Rails were steady; motors advanced; utilities and aviations ruled quiet; and, oils presented a mixed appearance. It is predicted that the next carloadings report will show a decline exceeding the usual seasonal adjustment.
Stocks: Were quiet but firm, with traders showing a cautious disposition on the eve of the holiday. However, increased copper buying of at the higher prices and indications of the firmness of some steel prices were viewed as an encouraging factor and created a better demand for copper and steels, Electricity Output Week Ended 17/2 10/2
(Edison Elec. Inst.) 2,476,000 2.523.000 (kilowatt hours—000's omitted) Crude Oil Daily Average Production (Petroleum Institute of 3,718.00 3,659,000
(barrels)
Text read from the printed page and cleaned; old type leaves the occasional error.