PRICES KEEL
BIG SALES ON WALL STREET
(United Pr:-:ss Association.^-Copjright.) (Received 6th August, 12.45 p.m.)
NEW YORK, sth August. Thousands of shares in stocks thrown into the market at the closing hour sent prices reeling. As the volume of trading had reached the highest peak of the year, word had gone out that business conditions did not predicate high quotations in many stocks, and investors and speculators elected to withdraw their profits. /The total sales for the day were 2,986,600 shares, o£ which 884,200 were recorded in the last hour. The ticker tape continued unrolling for 24 minutes after the market closed. Strength had been displayed throughout the market in the early part of the session, but the wave of selling gained momentum as the prices dropped sharply. However, Wall Street is not much worried over the break, claiming that the market needed technical reaction.
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Bibliographic details
Evening Post, Volume CIV, Issue 32, 6 August 1927, Page 9
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145PRICES KEEL Evening Post, Volume CIV, Issue 32, 6 August 1927, Page 9
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