WALL STREET UP AGAIN
STOCKS SOAR MANY/POINTS
GENERAL OPTIMISM
United Press Association—By Electric Tele-
graph—Copyright. (Received 15 th November, 11 a.m.) NEW YORK,'l4th November.
Following numerous bullish statements, the most influential of which was Mr. Andrew Mellon's declaration that with the aid of the leaders of both branches of Congress au income tax reduction of 1 per cent, would be effective, the stock market revived. On a wave of optimism prices shot forward at the opening, remaining firm at the close, with gains of one to twenty points recorded, and market "values" increased by some five billion dollars. United States Steel again led the way, closing at 100, up Bi. Among the other leaders General Electric soared over 20 points; Westinghouse, 15; American Can, 14; American Telephone, Si; International Telephone, 11. The entire market gained strength, a great weight seemed lifted, and optimism was general.
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Bibliographic details
Evening Post, Volume CVIII, Issue 119, 15 November 1929, Page 11
Word Count
145WALL STREET UP AGAIN Evening Post, Volume CVIII, Issue 119, 15 November 1929, Page 11
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