The Archive · 1938

Dow-Jones Summary

By Courtesy of Swan, Culbertson & Fritz

Sentiment on the Stock Exchange today wes mixed regarding the near-term, with, however, the long term viewed bullishly. Sugar issues broke sharply as a result of the publication of the 1939 quotas. Steels and oils held better, compared with other groups, due to operations being listed at 59.9 per cent. of capacity down 0.8, which was better than expected, while a firmer price structure aided oils. Americam Bridge has received orders for 20,000 tons and Bethlehem Steel for 23,500 tons of shapes. The firm tone of many leaders lite in the day iwas due to short-covering prior to President Roosevelt's speech. Adverse factors today included: the Weakness of copper metal and uneasiness over the scope of the "Monopoly" investigation.

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

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