The Archive · 1939

Dow-Jones Summary Courtesy of Swan, Culbertson & Frit

Stock prices today rebounded. following a break of one to eight points earlier in the morning, with many issues scoring net gains. The break came in the second hour ánd was sufficiently intensive to cause tickers to lag several minutes behind transactions. However, the equilibrium of the market was restored at noon when a sharp recovery started. During the decline many traders suspected that selling was based on Some worsening of the European political situation and dumped their holdings, with the decline gathering momentum. Later, Chrysler recovered almost within one point of its earlier price, whilst other recoveries were equally impressive.

The bond market moved lower, with United States Government issues finishing irregularly lower,

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

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