LANDSLIDE OF ORDERS
EFFECT ON WALL STREET (Australian and N.Z. Press Association) (United Servrcej Received 11.25 a.m. NEW YORK, Wednesday. There was a spectacular rally on Wall Street in response to Mr. Hoover’s election on Wednesday, almost all the active stocks opening from one to nine dollars a share higher. The sweeping Republican victory brought a landslide of orders into the stock market to-day from the entire country. Orders for stocks thrown into the market at the opening were huge. Almost every stock listed advanced in price, some gaining from three to five points. Among special issues the gains reached 11 points. It was one of the broadest stock markets in the history of the Exchange. The machinery was taxed to its utmost. The tickers were running 43 minutes behind the market. The total sales were over 4,800,000 dollars.
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Sun (Auckland), Volume II, Issue 506, 8 November 1928, Page 9
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139LANDSLIDE OF ORDERS Sun (Auckland), Volume II, Issue 506, 8 November 1928, Page 9
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