The Archive · 1938

New York Stocks

Friday's Closing Quotations

New York, Nov. 25.

The majority of issues on the Stock Exchange today closed about one point higher. Industrial news was Teassuring, but was partly offset by European uncertainties. Aircrafts were sustained by talks of sharply increasing world armaments, while motors ruled firm in response to satisfactory new car sales. Oils received support in face of advices that Mexico has ordered the sequestration of 2,000,000 acres of oil lands, belonging mainly to United States interests. Coppers turned irregular in the absence of support. Meanwhile, traders are still somewhat sceptical regarding the immediate trend of the market. The volume of trading today amounted to 810,000 shares.

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

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