New York, May 16.
Very quiet bit steady conditions prevailed on the Stock Exchange today, with quotations generally closing minor fractions higher. The early firmness was due to buying on the reaction theory, on the belief that yesterday's sharp recessions was overdone.
However, there was poor follow through support on the uptrend, as many traders kept to the sidelines, in view of the cloudy European outlook and the continued labour unsettlement, The volume of business done was very small, amounting to only 290,000 shares,—Reuter
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