The Archive · 1940

Dow-Jones Summary

By Courtesy of Swan, Culbertson & Fritz

Stock prices ruled irregular today, with activity again centred on low-grades. Market leaders were easier early in the session but advanced later with many small net gains registered. Steels and motors ruled firm late in the ion; rails were about steady; utilities presented a mixed appearance; and coppers closed firm. Ward's estimate of production of cars and trucks shows production for the week to have slightly exceeded 95,000 units. Local tractions were strong, Stocks: Moved narrowly but the tone of the market was firm, especially coppers which responded to reports of a better demand and firmer prices for the metal. Rails were heavy on the announcement of the Interstate Commerce Commission ordering a reduction of coach fares from 2% cents to 2 cents per mile. Bank clearings during the past week were off 5.3 per cent.

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

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