Abstract

Finance
Harman, S. Palmer | September 23, 1931 issue

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If the index of stock prices compiled by the journal "New York Times," be accepted as an epitome of stock values, all the gains of the great bull market since 1926 have now disappeared in 1931. The composite price of the fifty stocks included in the index has dipped below the point at which it stood five and a half years ago. The U.S. Treasury's offering of $800,000,000 twenty-four year 3 per cent bonds, instead of being subscribed eight times over, brought forth applications less than 20 per cent in excess of the amount of bonds offered. Happenings among the railroad companies have come still closer home to the stock market, and the decline in the rail shares is responsible for the dip in the price average below this year's earlier minimum.

See Also:

STOCKS -- Prices; SECURITIES; INVESTMENTS; RAILROAD companies; STOCK exchanges; UNITED States
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