The Archive · 1938

Wednesday's Closing Quotations

New York, Mar. 16.

Stock prices on Wall Street to-day declined about 4 points being unsettled by apprehension over and tension in Europe. The market was early flooded by a heavy wave of selling but subsequently turned steadier and quieter. The weakness of bonds was very disturbing, with Central European issues being notably under pressure, particularly Czechoslovakian and Austrian loans. Some foreign selling was reported, in order to establish dollar balances in the United States. Steels weakened Meanwhile, the undertone is nervous and traders are anxiously awaiting the next decisive move in Europe. the turnover to-day amounted to 1,020,000 shares.

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

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