RETREAT CONTINUES
NEW YORK STOCK MARKET NEW LOW LEVELS REACHED 4 (Rec. 11 a.m.) NEW YORK. Sept. 10. The stock market retreat continued to-day, with heavy selling pressure. Prices ol prominent stocks sagged. The market took an erratic and jittery course. At first there was a downward trend, then an upward one, but efforts to stem the tide of falling prices failed, and during the afternoon many issues dropped to new lows, some quality stocks losing five to nine points. There was a heavy selling wave near the close of the day’s trading, and the ticker tape fell far behind the transactions. Industrials touched the lowest since April 1945. Railroads sold at the worst since August, 1945. The total decline of listed shares is estimated at 17.000.000.000 dollars. The Associated Press says an average of 60 stocks. which reached the highest point on May 29, at 82.40 dollars, bad fallen yesterday to 63.91, representing a loss of 18.41 dollars a share in three months.
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Evening Star, Issue 25894, 11 September 1946, Page 7
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164RETREAT CONTINUES Evening Star, Issue 25894, 11 September 1946, Page 7
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