Many New High for The Year Registered New York, Oct, 23.
Strong metal shares featured an advancing session on the New York Stock Exchange today. Many new highs for the year were registered.
"Wall Street professed to believe Republican candidate Wendell L. Willkie's strength was increasing and this optimism, together with favourable business news, was responsible for the market's impressive advance.
The demand for steel issues, which led the rise, was due to the announcement that big producers would be unable to promise deliveries on numerous steel products unless they were needed for defence purposes. ly, it was reported that steel orders were continuing to accumulate. The demand for copper issues, which also made a good performance, was due to reports that demand for the metal was increasing.
Wall Street evinced bullishness yesterday but some caution also was og] evident. Some traders showed a tendency to await the President's speech in Philadelphia before extending their commitments.—United Press.
Administration Section which will be reorganized into a Superintendence Week's Oil Production Countries Condemned
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