"Under the leadership of automobiles, stock prices today reached new high levels since January 4. Dealings increased on the rise and sentiment "was better. Favourable news included the bullishness of most brokerage houses, General Motors' sales in the first two months of 1939 were the best in the company's history, tangible evidence that a Government-Business appeasement programme is appearing and, also, an almost general belief that steel business will soon improve. Unfavourable items included continued uncertainties regarding international political deve-nts, small public interest in the stock market and the continued lagging of corporate financing.
Bond prices gained, featured by new record highs for United States Governmest issues.
Text read from the printed page and cleaned; old type leaves the occasional error.