The Archive · 1938

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

Traders on the Stock Exchange today again showed caution in their commitments, but a little follow through buying developed when several groups were given a whirl. However, as trading increased, si ling spread to a wider group. The announcement that railroads had withdrawn their wage-cut notices, which previously had been anicipated, had no apparent effect on prices. The Government anti-trust suit against Columbia Gas was a market factor in regard to the weakness recorded today. However, most business news was favourable: automobile production touched a new high for the week since December 18, whilst car loadings showed a gain which is above seasonal.

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

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