EXCITEMENT IN WALL STREET
4 RECORD SALES OF SHARES FLUCTUATING MARKET New York, October 4. Stock market transactions to-day broke records for the year, totalling 3,147,000 shares, half a million of wlpch were General Motors’ new stock, the most active issue in the list The total was spread over a rising market in the morning with a drastic decline in the afternoon, when the whole market broke under selling, but trading spread out and the tickers were able to keep within fifteen minutes of _ the market. United States Steel sustained the heaviest losses of 3 points at the close. General Motors’ old stock_ was off 44, and new off If. Expert opinion is divided regarding the permanence of the break. The general belief _is that the reaction is ’only a technical correction, which will probably be soon eliminated.
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Dominion, Volume 21, Issue 10, 6 October 1927, Page 9
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138EXCITEMENT IN WALL STREET Dominion, Volume 21, Issue 10, 6 October 1927, Page 9
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