NEW YORK STOCK MARKET
WIDESPREAD GAINS (Hee. 8 p.m.) NEW YORK, Jan. 30. Shares on the New York Stock Exchange .rose in value to-day to their highest general average since August 21, 1946. Gains of more than a dollar a share were spread over a broad list. They wiped out the last vestiges of the declines recorded on January 12 and 13.
Wall Street circles said the rise was a reflection of hopes that the present American coal strike would be settled without serious disruption of business, and was also a result of confidence in the business outlook for the first half of 1950.
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Press, Volume LXXXVI, Issue 26026, 1 February 1950, Page 5
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104NEW YORK STOCK MARKET Press, Volume LXXXVI, Issue 26026, 1 February 1950, Page 5
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