The Archive · 1937

Monday's Closing Quotations

New York, Oct. 25.

Prices in Wall Street to-day opened weak, then rallied briskly, with losses from fractions to about 5 points being quickly converted into corresponding gains. Leading issues sky-rocketed as much as from 5 to 10 points in frenzied mid-day trading, during which period, buyers faced with a shortage of offerings, literally stampeded the market in an effort to acquire stocks, Short interests found the greatest difficulty in buying when they attempted to cover. The rally started, after an order for 5,000 Chrysler shares was received and it was found that no sale could be arranged. It took nearly an hour before the transaction could be completed and then at.a price of $3.75 hove the previous sale. The turnover amounted to 2,340,000 shares.

Text read from the printed page and cleaned; old type leaves the occasional error.

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