The Archive · 1938

Thursday's Closing Quotations

New York, Mar. 17.

Stock prices on Wall Street to-day eased about 1 point, with a few issues touching 2 to 3 points, Traders "were less jittery but very cautious, and with the early advance attracting profit-taking the market turned quiet and easy. Business news was brighter and, moreover, the fact that domestic and foreign bonds steadied aided sentiment. Aviations, coppers and steels displayed resistance, but gold minings weakened. Rails were backward, but weekly carloadings are expected to increase. Meanwhile, the flight of capital to the dollar has let-up considerably, and traders are eagerly watching the situation abroad, which, at present is more important to the market than domestic news. The turnover to-day amounted to 640,000 shares.

Text read from the printed page and cleaned; old type leaves the occasional error.

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