RAPID RECOVERY OF NEW YORK EXCHANGE
“A HOOVER MARKET.” NEW YORK, Mar. 1. The stock market had the most sensational bullish demonstration since confidence was shaken early in February. Broad advances were scored in many issues, in some instances 15 to 25 points. The -session was generally hailed as a Hoover inauguration market and it was helped along by a relatively small iucrease in brokers’ loans reported yesterday, together with tho failure of the local Federal Reservo board to raise tho discount rate. Buying orders flowed in from all parts of the country and the exchange’s mechanical equipment was again hard pressed to keep up, with the trading.
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Manawatu Times, Volume LIV, Issue 6851, 5 March 1929, Page 10
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108RAPID RECOVERY OF NEW YORK EXCHANGE Manawatu Times, Volume LIV, Issue 6851, 5 March 1929, Page 10
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