The Archive · 1938

New York Stocks

Wednesday's Closing Quotations

London, July 13.

Stock prices on Wall Street today finished with gains and losses, about evenly divided, from fractions to about one point, The market was rarly bolstered by another advance in the price of No, 1 Pittsburgh steel scrap, which was sold today at $14.50 per ton, an increase of $0.50 per ton. Rumours of a wage-cut in the steel industry, coupled with inflationary implications and President Roosevelt's revised budget, pointing to a deficit of over $4,000,000,000, were also sustaining influences. Later, ' heavy profit taking appeared on the increasing belief that the upturn has been faster than business prospects Justified, The turnover amounted to 2,620,000 shares,

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

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