NEW YORK STOCK EXCHANGE
HEAVY SELLING ORDERS (Rec. 8.30 p.m.) NEW YORK, Sept 19. The stock market to-day suffered its third widest break since the recent downward movement began. Railway and industrial shares touched their lowest levels since early in 1945.
There were some slight recoveries in the early afternoon, but at the close the tendency was again downwardDeclines ranged from one to eight points. Bonds and cotton also declined, but the grdin market was firm. Heavy selling orders flooded the market and ticker tapes fell seven minutes behind transactions. The fresh relapse to-day was attributed to the extension of secondary selling which began yesterday. Wall Street observers say that the market is corfimitting excesses on the down side, as it did during the long upward trend. There was a reluctance to face reality now, as there was six months ago, when many were eager to anticipate a post-war boom and refused the counsel of caution.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19460921.2.111
Bibliographic details
Press, Volume LXXXII, Issue 24986, 21 September 1946, Page 7
Word Count
156NEW YORK STOCK EXCHANGE Press, Volume LXXXII, Issue 24986, 21 September 1946, Page 7
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.