FRENZIED WALL STREET.
SPECULATION RUN WILD. RECKLESS PUBLIC BUYING. New York, Nov. 4. Stock Exchange sales totalled 2,904,500 shares, a new high record for.the year, and exceeded only once before in the history of the market. Steel issues were featured in frenzied buying. Unistates steel ,a pivotal issue, attained a now high figure. T34-L comparing with the record of 136 5-8 in 1917. when the warring nations were clamouring for steel. The reckless buying of the public is encouraged by the steel companies’ announcement that business prospects were never so encouraging. Many other industrial stocks have achieved big gains. Brokers seemed to be watching the course of every stock and ready to pick out the favourite and ride it on the crest of the bull movement.—(A. and N.Z.
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https://paperspast.natlib.govt.nz/newspapers/HBTRIB19251106.2.56
Bibliographic details
Hawke's Bay Tribune, Volume XV, Issue 186, 6 November 1925, Page 7
Word Count
128FRENZIED WALL STREET. Hawke's Bay Tribune, Volume XV, Issue 186, 6 November 1925, Page 7
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