STOCK MARKET RECOVERS
CAUTION SHOWN BY U.S. TRADERS
NEW YORK,-June 10. The stock market advanced today in a moderate recovery. The best gains came to between 1 and 2 points at the close, while some pushed up to around 3 points during the day.
The American Associated Press average of 60 stocks gained 30 cents at 122 dollars and 40 cents. It was down 40 cents yesterday, and on, Tuesday it dropped 290 cents, the greatest decline since the start of the Korean war in June of 1950.
The volume of trading dropped down to 1,610,000 shares as compared with 2,360,000 shares traded yesterday. . The narrowness of the market, together with the low volume, gave a good picture of the caution with which traders and others regard the present market position. Today’s moderate rise produced only a fractional recovery of the estimated 3.500,000 dollars depreciation in the previous two days of the total market value of all listed stocks.
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Bibliographic details
Press, Volume XC, Issue 27374, 12 June 1954, Page 7
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159STOCK MARKET RECOVERS Press, Volume XC, Issue 27374, 12 June 1954, Page 7
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