WALL STREET ACTIVE
AMERICAN SPECULATION TIDAL WAVE OF BUSINESS TRADING REACHES HIGHEST PEAK By Cable.—Press Association.—Copyrighc Reed. 10 a.m. NEW YORK, Friday. Thousands of shares and stocks which were thrown into the market at the closing hour sent prices reeling as the volume of trading reached the highest peak of the year. The work that had gone out and the business conditions did not predicate high quotations for many stocks. Investors and speculators elected to withdraw profits. The total sales for the day were 2.986.600 shares, of which 884,200 were recorded at the last hour. The ticker tape continued unrolling for 24 minutes after the market had closed. Strength had been displayed throughout the market in the early part of the session, but the wave of selling gained its momentum and prices dropped sharply. However. Wall Street is not much worried over the break, claiming that the market needed a technical reaction.—A. and N.Z.
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Sun (Auckland), Volume 1, Issue 116, 6 August 1927, Page 9
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154WALL STREET ACTIVE Sun (Auckland), Volume 1, Issue 116, 6 August 1927, Page 9
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