"BULL" V. "BEAR."

Auckland Star, Volume LVII, Issue 54, 5 March 1926, Page 7

"BULL" V. "BEAR."

WALL STREET FLURRY. ANOTHER WILD DAY. NEW YORK, March 4. Stocks experienced a further severe decline when the heaviest trading in the history of the New York Stock Exchange took place. Offerings were thrown on the market in a huge volume, apparently regardless of price. Early in the afternoon there was witnessed a repetition of the demoralisation which had occurred in the last hour of trading the previous day. Considerable improvement was noticeable in regard to the general list in the morning, probably owing to concerted efforts to support the market, but later a flood of selling orders poured in. j It was obvious that banking interests were buying only on the down scale, I giving "hears" a free hand to push the 1 decline. This they did with enthusiastic aggressiveness. The result was a heavy drop in prices. | The sales totalled 3.837,700 shares, breaking all records. The previous record for one day was 3,427,100 shares. This was established on November 10, 1925. j Wild disorder took place on the floor of the Exchange as the closing gong ! sounded. The final quotations were the i lowest of the day, stocks having broken from 1 to 33 points.—(A. and N.Z.— I Reuter.)