STATE OF BUSINESS: September Market Slump

Day after day. Wall Street slogged along in the same gloomy pattern. In quiet trading, rarely involving more than 2,000,000 shares at a session, most stocks slipped lower. The market dropped on four of the five trading days last week for a total of 14 declines in the last 17. The Dow-Jones industrial average closed at 475.25 for a 15-point drop during the week, 28 points below the beginning of September and 46 points under the alltime high last April 6. It stood within 12.90 points of the Jan. 23 low for the...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!