The Archive · 1940

Yesterday's Business

Uncertainty was the prevailing mote of yesterday's market, in which at all times there seemed to be heavy sellers, but much of this liquidation was absorbed by short covering, and, when prices were driven too low, by bargain hunting. There was an extremely heavy turnover in spite of the long weekend to come, indicating that there is confidence in the market, and, should the news continue good, this confidence may be justified. Rubbers were heavy sufferers, but industrials did not show a great deal of change.

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

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