NEW YORK MARKET
STOCK. BOOH STRIKES SNAG, i (United Press Association—By Electric Telegraph—Copyright.) NEW YORK, August 3, Th© boom on the Stock Market struck its first major isnag to-day in a flood of realising sales, which pressed major stocks from one to four points and forced recessions in _ such com r modity markets as grains- and cotton. > Selling' swept the. market as the stop-loss orders placed by cautious traders were touched off orr the' decline, and as professional traders, put out short-lines on the theory that the miarket' was" -rdimding fori some weeks: to come. ’’ “ '< . Generally speaking, however, the. action of the market wais considered: highly, satisfactory by tfie speculative element'. "The .decline -Was accompanied by a decreasing volume of sales.
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Hokitika Guardian, 5 August 1932, Page 6
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121NEW YORK MARKET Hokitika Guardian, 5 August 1932, Page 6
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