The Archive · 1940

Dow-Jones Summary

By courtesy of Swan, Culbertson & Fri Stock prices ruled irregular today, with the slow check in the decline attributed to the British resistance to the "blitzkrieg" and the outcome of the Maine elections. United States Steel reported August shipments of finished steel at 1,455,604 tons, the best August recorded since 1929. The General Motors Chairman Sloan predicted that production and sales for the 1941 model year would exceed 1940 by 10 to 20 per cent. Other business news was favourable, but the war situation continues to dominate dealings.

Stocks:—We recommend purchases on any further decline, and suggest steels and aviations.

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

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