The Archive · 1939

Dow-Jones Summary Courtesy of Swan, Culbertson & Fritz

Stock prices today advanced with the undertone of the entire list showing a general improvement which reflected growing bullish sentiment. The market reached new highs since early in Jahuary, while the volume and also the pace increased. Many United States Government bonds reached the best levels on record, and both cotton and grains firmed up. Business news allowed important gains in several important lines: Ward's estimate of automobile production reported at 78,706 units; and, residential construction wes sharply above the previous year. The announcement that Robert Wood of Sears Roebuck will be adviser to the Department of Commerce was constructed as meaning closer co-opera tion between Government and business, 24, compared with $1,401,000 during the previous week.

Consignments of the white metal during the period under review were received from the following principal sources; Canada $54,000; Mexico $740,000; Chile $14,000; England, $77,- 000; Nicaragua $2,000; Peru $161,000; Japan $147,000; The Philippines $7,- 000; Bolivia $7,000; British Malaya 377,000; Turkey $2000; Honduras 353,000; Argentina $44,000; Australia $7,000.

Imports during the previous week came from the following principal countries: Canada $57,000. Mexico $892,000; Chile $5,000; England $84, 000; Nicaragua $5,000; Peru $149,000: Japan $149,000; The Philippines $17,- 000; Bolivia $7,000; British Malaya 130000; Salvador $2000; Turkey $3,000.—Reuter.

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

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