The Archive · 1939

Dow-Jones Summary

Courtesy of Swan, Culbertson & Frit:

Stock prices today plunged to new lows since 1939 in the most active trading since last November, with losses ranging up to five points in the general list and many others reaching ten points. The break started in the afternoon, the earlier trading having been accompanied by a seemingly better tone, but the firm-mess failed to attract buyers, who subsequently turned to the selling side. Selling orders arrived from all;|points in Amerita and many from Europe. The tickers were often congested and four or five minutes behind the dealings. Some traders said the market had definitely entered a bear phase. However, others disagreed. The first response to Mr. Chamberlain's speech was favourable,;|but later the Street considered the 1 speech Med the situation. Many preferred {o await Herr Hitler's answer before making commitments. Also, many lightened their Manila Gold Shares (Bids in Pesos)

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

Your account