ANOTHER BREAK
HEAVY SALES ON WALL STREET NEW YORK, Sept. 18. The stock market opened with lower prices. Trading was inactive until the fourth hour when a wave of liquidation sent many issues down one to five points. Trading quietened near the close, but prices did not rally. The sales exceeded 2,000,000 for the first time in a week. The Herald-Tribune attributes the declines to secondary selling which was a natural consequence of the sharp break in prices, with major recuperative powers failing to develop. One observer in financial circles remarked that it was not surprising that the market had shown inability to follow through, in view of the serious demonstration in Washington of a lack of co-ordin-ated Government policy. On the other hand, the New York Times reports that brokers are saying that their investors are more disturbed by the business outlook than by the international situation. They are hesitating to invest their _ savings because of the recent evidence of the widespread industrial paralysis that can result from even small strikes. •
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/GEST19460920.2.56
Bibliographic details
Greymouth Evening Star, 20 September 1946, Page 7
Word Count
172ANOTHER BREAK Greymouth Evening Star, 20 September 1946, Page 7
Using This Item
The Greymouth Evening Star Co Ltd is the copyright owner for the Greymouth Evening Star. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of the Greymouth Evening Star Co Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.