The Archive · 1938

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

Active conditions were witnessed on the Stock Exchange today. Prices [strengthened on some traders anticipating & demand late in the month for which they intended getting aboard early. The report that the Government is planning to ask Congress for an appropriation of $100.- 000,000 for the Army Air Corps influenced the demand for aviations. Buying spread to other issues which gave an impetus fo the recovery over a wide list. Car loadings showed gains, while other favourable factors were the signing of the Anti-War Treaty by Germany and France and the improved labour situation, London, Dec. 6.

Sir John Simon, Chancellor of the Exchequer, announced in the House of Commons that from today the fiduciary note issue, reduced from £260,000,000 to £200,000,000 in 1936, would be temporarily raised to £230,- 000,000 to meet seasonal demands—Reuter.

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

Your account