Feverish Buying
NEW YORK STOCK EXCHANGE ALL RECORDS BROKEN By Cable. —Press Association.—Copyright Reed. 11.10 a.m. NEW YORK, Thurs. The stock market broke its record of March 13, with a sale of 4,007,300 shares, breaking the 4,000,000 mark for the first time in the history of the Exchange. TLTEAVY buying continued in such issues as General Motors, General Electric and Hupp Motors, all reaching new peaks; but the upward movement was definitely arrested in late dealings, when the heavy profits being taken caused large recessions from highs in a long list of issues. This was the- tenth consecutive day for over 3,000,000 shares to be sold.— A. and N.Z. NEW YORK, Wednesday. To-day Is the ninth consecutive day on which more than 3,000,000 shares have been sold on the New York stock market. More than 20 issues reached new high levels. Radio Corporation shares reached 162; General Motors climbed four points to the record figure of 177 7-8; United States Steel reached 150. The market was more orderly than for over a week.—A. and N.Z.
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Bibliographic details
Sun (Auckland), Volume II, Issue 311, 23 March 1928, Page 9
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175Feverish Buying Sun (Auckland), Volume II, Issue 311, 23 March 1928, Page 9
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