The Archive · 1938

Dow-Jones Averages By Courtesy of Swan, Culbertson & Frit

Some lines of business showed gains. However, traders ignored business: news and concentrated on the inflation psychology let loose by the Administration. Desterilization of inactive gold stocks and reduction of reserve requirements are considered. to be highly inflationary, Some sections reported another contraction of steel operations, Automobile production slightly higher. March building contracts were 9.1 per cent. above those of February, A disturbing factor is the fact that the recession in American industrial act i reading abroad,

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

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