The Archive · 1939

Dow-Jones Summary Courtesy of Swan, Culbertson & Frit

Stock prices advanced irregularly today in a session of light trading At the day's highs, gains ranged about two points in the general list and upwards from six points amongst high-priced issues. Initial dealing: were somewhat cramped on account of uncertainties surrounding the speech of Mr. Neville Chamberlain, the British Prime Minister, which later operators interpreted favourably, and, thereafter, prices improved. However, traders hesitated to buy heavily into the market, which they believed might be subjected to severe tests at any time. Cautious traders took profits during the final hour, and prices declined from the day's highs, with some early gainers registering small losses.

The bond market ruled irregularly higher in a quiet'session, excepting European obligations which broke sharply. The foreign exchange market held. steady, whilst, amongst commodities, cotton, wheat and rubber

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

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