FRENZIED FINANCE.
EXHAUSTING SESSION ON NEW YORK EXCHANGE. TOTAL OF 6,165,000 SOLD. United Pres.- Assn by El Tel. Copyrießt (Australian Press A-esn.) NEW YORK, Nov. 21. \\ it h a total of 6,165,000 shares sold to-day, the Stock Exchange completed an exhausting session, in which a break brought heavy losses to most big favorites. The ticker was far behind the market, as usual, in an effort to eliminate this difficulty volumes of sales will be omitted from the tape to-morrow. General Motors lost 3i points, Montgomery Ward lost 12, and other issues experienced similar drops, while Radio Corporation closed with a gain of one point, in the final hour, when terrific selling brought most prices down. The kerb market broke all records for volume, with 2,214.600 shares. The tape was half an hour late. Up to last night Stock Exchange sales totalled 60.107,400 since the election. The sale of an Exchange seat was arranged to-day at £105.000.
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Bibliographic details
Gisborne Times, Volume LXVIII, Issue 10751, 23 November 1928, Page 2
Word Count
156FRENZIED FINANCE. Gisborne Times, Volume LXVIII, Issue 10751, 23 November 1928, Page 2
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