The Archive · 1939

By Courtesy of Swan, Culbertson & Fritz

Dow-Jones Summary

Stock prices recorded the widest break since June 15 today, wiping out last week's gains. Losses in the main list ranged nearly three points, while all pivotal issues joined the decline, with the volume increasing for a while on the way down. Reasons for the downward adjustment included: the Far Eastern tension decision to call a strike vote in the General Motors' plant; legislative uncertainties; and, the decline in steel operations. Utilities lost some ground; railroads held their ground better titan most other sections; and, coppers. mercantiles, oils and steels declined. Amongst the few exceptions was the one point advancetof Detroit Edison, Both the curb and bond market finished lower.

By Courtesy of Swan, Culbertson & Fritz Not much significance can be attributed to last week's dull market. Switching fron St. Jdseph's lead into Continental} Can and' an Invest-

The

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