STOCK EXCHANGE

Hokitika Guardian, 31 October 1929, Page 5

STOCK EXCHANGE

:■ STOCK CRASH. [United Preys Association—By Electric Telegrapli.—Copyright.J 4 NEW YORK, October 29. Market Values' to-day declined ten million dollars. Transactions in listed bonds.arte the heaviest in five years. The day’s total bidding was 23,916,0dd do’lars. Prices are irregular in Sympathy with stock, crashing heavily and closing with a rally. STOCK EXCHANGE. NEW YORK, October 31. A brisk rally of geod buying shot prices upward five to thirty dollars per share early to-day, with the strength maintained early in the afternoon. The Governors of the Stock-Exchange voted if or delay in opening the market on Thursday until noon and to close on Friday and Saturday. IMPROVED FEELING. (Received .this day at noon.) NEW YORK, October 30. , During the] afternoon it was announced the Exchange would be, closed until noon on Thursday and also closed all. Friday and Saturday, to enable brokerage houses to catch up on the tremendous amount of sales This example is being followed by various other Exchanges throughout the country including produce • and curb.

There was some, slight profit taken following the announcement, but dealings soon picked up again in momenrtum and the : 'maciiines ran nearly two hours behind quotations.

In addition to the bullish feature of the day, was the statement ifesued by Rockfeller senior, that business conditions were sound, that stocks were too low and that he and his son were buying sound common stocks for investment.

At Chicago, recoveries in the stock market brought a strong tone to wheat trading, closing prices showing sharp gains for the session. Eastern interests were credited with much of the buying but large sales of flow and evidences of a better export- demand were an aid to the advance. Closing .quotations, December' 1281Farch 135£, May 139 f. < MARKET IMPROVES(Received this day at noon.) NEW YORK, Oct. 30. The governors announced that the close down was due to the physical exhaustion of employees, who have not slept in some instances for 72 hours. At the close of the Exchange early gains were held by powerful financial forces throwing in huge supporting orders. The sales approximated 11 millions. . The curb market recorded gains on active issues of two to forty dollars. •, MONTREAL EXCHANGE. MONTREAL, Oct. 30. Exchange on Montreal is 497 J, A BIG RECOVERY. NEW YORK, Oct. 30. The stock market made a powerful recovery, prices jumping from one to thirty points with total sales approaching 11 million shares. Tension was relieved when it was seen the tremendous weight of the bear market was finally broken. Excited buying of bargains, loft from yesterday’s terrific break, replaced dejected selling all along the list. Stocks which had felt the brunt of the disastrous selling wave were brought in, brokage houses being crowded with persons eager to halt°selling out their accounts. The banks continued to support the market with moral force. The Morgan group again conferred, after which they issued the following statement: “There , does not appear much to say except what is manfiest. Everyone is aware the conditions aie uistinctly better.” STOCK EXCHANGE. NEW YORK, October 30. The stock sales to-day were the third largest on record, being 10,727,320. Curb sales were 3,809,200: