The Archive · 1938

Thursday's Closing Quotations

New York, Sept. 29.

Stock prices on Wall Street today advanced up to about 4 points, with attention mostly focussed on Munich. The market moved up substantially, notably in late dealings, and gained several points. With growing prospects of peace, larger purchases were reported from abroad, while more extensive public participation" was noted. At the same time, it is understood that there was considerable buying still held back, awaiting a final verdict from Munich. Steels, coppers and merchandisings were very prominent, with steels aided by indications of a sizeable increase in steel mill activity next week. Motors responded to a widening of production, Meanwhile, the market shortly will be discounting third quarter earnings as well as the possible further business recovery. The turnover today amounted to 1,230,000 shares.

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

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