The Archive · 1940

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

Quiet and irregular conditions prevailed on the Stock Exchange today. Utilities touched new lows for the year. Steels held firm, while most motors registered minor gains. A slight gain was noted in the railroad and industrial averages. Mercantiles, aviations and a few special issues registered gains. Utilities continued to be under the domination of uncer-fainties surrounding the integration of large holding companies instituted by the Securities and Exchange Commission, Stocks: Trading was extremely narrow and quiet, reflecting the almost stagnant public interest. Domestic and foreign news is being closely watched for possible clues to a trend. The "Times" index of business activity was placed at 96.1, against 96.6 for the previous week and 882 for the corresponding period of last year.

1939 1998 b $ 0236 018 Elec. Bond & Share 9,709074* 940L251* Radio Corp. of Amer. 8082.8111 7.412.072 i—Net profit. 1—Net loss. come.

Cotton: Ruled barely steady. Bombay and Liverpool selling was met by insufficient buying, which was the only support. The quiet domestic and export demand and lack of outside interest contributed to the sagging tendency.

Wheat: Moisture in the southwest and a favourable forecast were 11,108 tons, worth 105,000,000 francs, of the total. Exports were 47,774 tons, worth 162,000,000 francs.—Havas.

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

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