BUYING SURGE
PROMISE OF OPEN GOLD 1 .MARKET.
STOCKS SOAR. IN NEW YORK ■: ji: /■ ’ -ff-iVv 7 -
WHEAT ALSO MOVES UP
(U.P.A. by Elec. Tel. Copyright) (Iten. May 28, o p.m.) NEW YORK, May 27
In ono of the largest buying waves* for a- Saturday session in years, stocks swept upward today, closing with gains ranging from- one to eight points Or more. Wall Street buzzed with the Possibility of the establishment here of ji.n open gold market, permitting gold to advance above the legal level following the proposed voiding of gold the clauses in public and private obligations.
Gold, issues were in wild flurry of buying which swept through virtually all categories, shares and comrao (lilies surging up in sympathy. WINNIPEG, May 27.
Tho opening of the surge, of buying sent wheat futures soaring into higher ground today and, at the close, they maintained gains of 2J to 2J cents. May closed at fly cents, July at Gffjj- cents, October, at 071 and December at 081.
NEW YORK, May 2<
The Chicago wheat opened imr c>onts higher, but reacted slightly (o dose at- 2-1 to 0 cents higher. Corn wn.g one to I;.‘ cents higher.
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Bibliographic details
Gisborne Times, Volume LXXIII, Issue 11956, 29 May 1933, Page 5
Word Count
195BUYING SURGE Gisborne Times, Volume LXXIII, Issue 11956, 29 May 1933, Page 5
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