The Archive · 1938

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

Trading on Wall Street today was light, awaiting the outcome of the Nazi rally at Nuremberg, although current developments were considered as hopeful. Domestic news had no influence on the market. Current steel operations are placed at 39 per cent, of capacity, due to the holiday on Monday. Retail trade advertising has moved mildly higher. Unfavourable factors today included: the weakness of wheat; nervousness of the foreign exchange market, although a better tone was in evidence in foreign markets. Fears are prevailing that the Wage-Hour Law may cause hardships in some lines,

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

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