NEW YORK STOCK MARKET
GREAT ACTIVITY DISCLOSED By Cable. —Press Association. — Copyright. NEW YORK, Saturday. The New York stock market has experienced keen activity during the past few days, of a variable nature. The activity began on January 5, when many stocks fell considerably, causing speculators to drop out, and creating losses of many millions of dollars on paper. Strong recuperative power was shown on January 6, which culminated to-day in a burst of buying greater than has been seen for many months. The incentive for the market rush was President Coolidge’s statement, made alter the market closed yesterday, that the recent sharp increases in brokerage loans were natural, and should cause no alarm. Such loans which were made to brokers for speculative purposes totalled last week £762,000,000. The prices of many issues soared to new high levels, and the entire list shared in a half-hour’s advance, after which profit-taking and week-end selling partly erased the gains.—A. and N.Z.
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Sun (Auckland), Volume I, Issue 247, 9 January 1928, Page 10
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159NEW YORK STOCK MARKET Sun (Auckland), Volume I, Issue 247, 9 January 1928, Page 10
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