Brokers report cautious optimism in New York business outlook
Brokers in the district survey business conditions noting health in several sectors yet overall conservatism remains. They expect gradual improvement next year with money markets easy and bond prices likely to rise, while unpaid taxes and short term bonds influence municipal financing and debt management.
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European Markets Report from London on Dec 30
Money was in strong demand on the London market with firm trading on the Stock Exchange as settlement details concluded satisfactorily. Little fresh business is anticipated before the New Year. prices moved narrowly and Consols and foreign securities remained steady while U S prices softened later in New York.
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