BULLS AND BEARS

Evening Post, Volume CIX, Issue 74, 28 March 1930, Page 14

BULLS AND BEARS

NEW YOBK EXCHANGE

PRICES REACH HIGH LEVEL

United Press Association—By Electric Tele- ■ ■ graph—Copyright. (Received 2Sth March, 11.15 a.m.) NEW YORK, 27th March. The New York stock market lias experienced the second successive major trading day with sales reaching approximately five million shares. The great rush of business produced an irregular trend in prices. . Small investors returned to the market in greater numbers than at any time since the break ivi prices last autumn. Prices shot up, eased, and then advanced again with profit taking toward the close. Each bulge of the prices found the tickers so far behind that many sold their stocks because they were unable to keep track of the markets. The bulls found inspiration in the tremendous activity and in the strength of leaders in all groups of investments. Many new high levels of prices were made in the course of the day, and, despite the attempts of the bears to bring about a reaction, no great pressure was discernible. Attempts to bring down individual stocks met with a stubborn resistance. Steel common touched a new high level at 193%, but dropped slightly. Public utilities made wide gains, high levels being scored by the American Telephone, and .Telegraph, Electric Power and Light Consolidated, Gas General, Gas and Electric, Pacific Lighting, and others.