TRADING IN FUTURES
STOCK EXCHANGE ACTION
NEW YORK, July 21,
With futures trading suspended by tho Chicago Board of Trade today and tomorrow by the New York Stock Exchange, the remaining commodity markets underwent the third consecutive day of. heavy liquidation with prices uniformly lower. Stocks on Friday lost 2 to 22 points with a turnover of 9,574,000 shares, tho largest; volume of trading since October 20, 1929, the fourth largest on tho exchange in history.
Near closing on Friday there was a mild rally, but it did not develop with sufficient strength to counteract tho day-long sinking of prices. For a time selling- orders were coming in so, rapidly that the exchange machinery was scarcely able to handlo transactions.
Sterling opened at 4.72J and dropped to 4.57, and then rallied, closing at 4.685. Meanwhile from Washington there came indications that President Roosevelt was prepared to take measures to stabilise grain prices. Ho has called a meeting of Exchange officials for Monday to discuss methods to curb heavy fluctuations.
Tho New York Stock Exchange authorities announced that, beginning on Monday, the Exchange until further notice would open at noon.
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Bibliographic details
Evening Post, Volume CXVI, Issue 20, 24 July 1933, Page 7
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189TRADING IN FUTURES Evening Post, Volume CXVI, Issue 20, 24 July 1933, Page 7
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