PRICES FIRM
(Press Assn.-
SHARP RISE IN STOCK VALUES IN NEW YORK
-By Telegraph — Copyright.)
Rec. Oct. 7, 5.5 p.m. NEW YORK, Tuesday. The heaviest buying movement in stocks since the announcement of the Hoover debt moratorium in June raised the prices of leading shares from oue to 16 points f ollowing yesterday's sharp declines and a week of bear markets. The rise to-day is attributed to the news that the Stock Exchange is applying further control of short selling by demanding a written explanation for each short sale. An announcement from Washington that President Hoover had called important Congressional leaders, bankers and real estate men for a conference to discuss the business situation also had a effect on prices. The saies totalled 4,300,000 shares.
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Rotorua Morning Post, Volume 1, Issue 39, 8 October 1931, Page 3
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125PRICES FIRM Rotorua Morning Post, Volume 1, Issue 39, 8 October 1931, Page 3
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