EFFECT ON WALL STREET

Waikato Times, Volume 104, Issue 17554, 8 November 1928, Page 8

EFFECT ON WALL STREET

RISE IN STOCKS. RECORD SALES REPORTED. • LANDSLIDE OF ORDERS. ( (By Telegraph.—Press Assn.—Copyright.* (AusiraUan Preos Association). (Received Nov. 8, 12.30 p.m.) 1 NEW YORK, Nov. 7. There was a spectacular rally on Wall Street in response to the election of Hoover. Almost all active stocks opened today from one to nine dollars per share higher. The sweeping Republican victory brought a landslide of orders into the stock market to-day from the entire country. The orders for stocks which, were thrown into the market at the opening were huge; almost every stock listed advanced in price, some gaining from three to five points. Among special issues the gains reached 11 points. It was one of the broadest stock markets In the history of the Exchange. The machinery' wa? taxed to its utmost, the tickers run' ning 43 minutes behind the marke The total sales were over 4,800,000 LADY ASTOR PLEASED. j 4 ■ \ % AT PROHIBITION VICTORY. i AMERICAN WOMEN DETERMINED. (3y Telegraph—Press Assn.—Copyright.)'. (Received Nov. 8, 12.15 p.m.) LONDON, Nov. 7., "I glory in the 'drys'' victory,* declares Lady Astor, commenting on Mr. Hoover's election. " There is not the tiniest chance of a ' wet' candidate becoming President. Tire women of America are determined to make prohibition successful. It may take j 50 years, but it wiU be done."