SPECULATIVE SPURT.
ON NEW YORK EXCHANGE. CALL MONEY AT 2 PER CENT. RUSH OF BUSINESS ENSUES. United Press Assn —Elec Tel.— Copyright. (Received March 20, 10. d a.m.) NEW YORK, March 19. Call money at 2 per cent., the lowest since 1925, encouraged a strong speculative spurt on the Stock Exchange, with a “ bull” market resembling the days before last autumn s break. The tickers were thirty minutes behind. Many small traders came back, and prices jumped precipitately. United States Steel gained two points to reach 18T, and industrials and railway ■shares moved up similarly. Profittaking late in the day caused only a small reaction.
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Waikato Times, Volume 107, Issue 17974, 20 March 1930, Page 6
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105SPECULATIVE SPURT. Waikato Times, Volume 107, Issue 17974, 20 March 1930, Page 6
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