The Archive · 1939

shanghai Stocks

Yesterday's. Business

It wes again somewhat of a dull market yesterday. Possibly due to New York, Oct. 24.

Stock prices on Wall Street today finished with mostly gains ranging from fractions to 2 points. The undertone of the market improved, With."war babies" finally. very. prominent after Herr Joachim.von Ribbentrop's assertion that Germany will carry on the war till the bitter end.

Foreign selling, it was believed. was.a rest influence, but sentiment.was bolstered by optimistic business news and bright earnings +046 reports. epuhe 9% Debs 45,000 China j C p Dee.

£i-i i Fee RR

Steels ignored indications of acity flattening out, while aircrafts were sustained by expectations of big sales abroad. Motors lagged, although an early settlement of the Chrysler labour stalemate was indicated.

Trading was cautious, with many Wall Street quarters foreseeing the contending armies digging in for the winter, wih a consequent slowing up of the consumption of war maierials and the possibility of peace proposals again appearing.

Phe turnover today- amounted to 20: 3481 nwh 280 2595 40 Bónds 11 Commod.

Adams Ex} Alleghany Ludlum Steel Allied Stores fin gh

KO EU

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

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