The Archive · 1938

Dow-Jones Summary By Courtesy of Swan, Culbertson & Fritz

Stock prices today moved to further new highs on prospects of continued business recovery. Investment buying and demand by traders who had "missed the boat" were contributing factors to the rise. Favourable business news brought heavy buying orders, while it was noted that there were heavy dealings in leading motors, steels, coppers, electrical equipments and rubber: All issues listed gained above 91,000,000,000, while the list has risen nearly $9- 000,000,000 since the September 26 war scare lows. The reported plan for a $1,000,000,000 utility expansion programme has been favourably received. Pittsburgh steel operations are scheduled for a further rise.

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

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