The Archive · 1938

Dow-Jones Summary Courtesy of Swan, Culbertson & Fritz

Prices on the Stock Exchange today showed little tendency to move in either direction, with trading declining sharply. Some disappointment was expressed over ihe failure of the dollar volume of detment store sales to exceed that the corresponding period of last year. Aviation plants are expected to fall behind schedule. Automobile sales of 1939 model season are 30 per cent, above those of last year. Rail earnings are above expectation, whilst steel operations are scheduled for a decline owing to seasonal influences.

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

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