PRICES SOAR ON NEW YORK STOCK EXCHANGE
Reeeived Sunday, 7 p.m. NEW YORK, Jan. 18. The news of the margin trading restoration sent prices soaring on tliistock excliange during the last half hour's trading yesterday. Prices closed 011 gains ranging to six points. Mr. Emil Schram, president of the Stock Excliange, said the reduction in the margin requirenients was a wise step but a cuf to 50 per cent. would have been 4bvtter. pte added that sucli a reduction wotild enable the niarket io fuiiction 011 n more nornial basis aml faeilitato the ftow of capital into business and industrv.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHRONL19470120.2.45
Bibliographic details
Chronicle (Levin), 20 January 1947, Page 5
Word Count
100PRICES SOAR ON NEW YORK STOCK EXCHANGE Chronicle (Levin), 20 January 1947, Page 5
Using This Item
NZME is the copyright owner for the Chronicle (Levin). You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of NZME. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in