Market steadies amid unsettled trading on Dec 1
A better feeling was seen in the New York stock market today as selling persisted in investment stocks and margins remained under pressure. Rumors from the tech and banking sectors offered some optimism, with higher bond prices and renewed demand from short sellers while overall activity showed tentative upward movement and attention to government policy signals.
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Confidence Grows in Stock Markets Amid Mixed Signals
Traders reported better buying on the eastern exchanges signaling rising confidence, though skepticism persisted as no clear catalysts or data supported a sustained uptrend. Butte and East Butte showed steadier activity, while overall markets remained cautious after a tentative session with modest gains.
Market Report Notes Mixed Wheat and Stocks Growth
Copper Producers show first surplus stock rise since January while November takings lag far behind. Foreign orders rise with 4 090 000 pounds contracted this week as investors foresee gradual improvement. No recovery yet due to depressions, yet investment outlook remains cautiously upward. Minneapolis weather lists December wheat futures and flax trading details.
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