The Archive · 1939

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

Stock prices recovered yesterday's small losses in a session of more active trading, The list presented a few features including a ten point rise in the inactive Albany Susequehanna Railroad a 4% point rise in Engineers Public Service, 6 per cent., preferred, and 2% point decline in Norfolk and Western. Experts estimated that the wheat crop has reached a new low for many years, thus stimulating a rise, Winter Wheat Crop Estimate Chicago, Dec. 6, Private crop experts today estimated the average 1940 wheat crop would be 389,000,000 bushels, the smallest since 1933 and with that exception the smallest since 1917—United Press, Margin Requirements Notice- is hereby given that in ac-þcordance with rule No. 33 (a) on margin and the extension of credit of the rules and regulations of the New York Cotton Exchange, initial requirement per bale of Cotton is! USS, $5, but whenever the price at which a transaction is made is in excess of 10 cents per pound, the initial margin requirement shall be; equal to an additional $2.50 per bale for each 5 cents or portion of 5 cents in excess of 10 cents per pound. Under this rule the initial margin on Cotton from 10 cents per pound to 15 cents per pound is U.S, $750.

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

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