By courtesy of Swan, Culbertson & Fritz Stock prices quietly retreated on a dwindling volume today, but market leaders rallied from the lows just before the close, Defence officials said that adequate steel supplies appeared to be assured as a result of the steel expansion programme but that priorities must be instituted for non-defence consumption. Radio Corporation of America earned during 1940 the equivalent of $043 net per share, compared with $0.35 per share during the previous year.
Stocks:—Airerafts continue to be among the best performers, reflecting the belief that they appear cheap on the basis of broader tax exemptions now before the Senate.
Text read from the printed page and cleaned; old type leaves the occasional error.