STOCK EXCHANGE
(United Press Association—By Electm
Telegraph .—Copyright.)
/Received this day at 12.25. [f.m.) NEW YORK. Nov. 4.
Several billion dollars, clipped from market values of stocks -it what was a quiet market compared with recent frenzied trading, saw bewildering price changes. The market was variable when it opened well down with great blocks of stocks being traded. Then the trading dropped off and the market gained after which prices ranged back and,forth during the day until just before the closing when they broke again, and the close was lower. There were various expressions oi opinion regarding the market's peculiar form of activity, but nobody seems to know the definite cause. It is agreed, however, that temporary advances brought out the profit-taking and the further selling of support "stock, and in the opinion ol the traders this unloading process will requiie ■considerable time, in view of the t-ie-mendous amount of stocks taken last week to prevent the break from going too' far.
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Hokitika Guardian, 5 November 1929, Page 5
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162STOCK EXCHANGE Hokitika Guardian, 5 November 1929, Page 5
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