Woll Street's Biggest Plunge
The Stock Exchange experienced the sharpest plunge ol' the year today. Prices dropped from one to eight dollars per share. Selling orders piled up in the final hour, causing the ticker tape to fall behind floor transactions.
Brokers attributed the liquidation to concern over the foreign situation also to new predictions of business recession and doubts over wage and tax prospects. Securities declined up to eight dollars.
Cotton slumped two to three dollars a bale.
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Northern Advocate, 8 March 1947, Page 5
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79Woll Street's Biggest Plunge Northern Advocate, 8 March 1947, Page 5
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