The Archive · 1937

New York Stock Market

Monday's Closing Quotations New York, Sept. 13.

Stock prices in Wall Street to-day finished generally lower, with some issues losing from fractions to about three points, while others recorded losses from 4 to 5 points, after having slumped from 1 to 10 points, A more than two year old low level was touched to-day. Tickers lagged as much as five minutes behind, owing to waves of liquidation, short selling, as well as!distressed offerings from those that were not able to meet margin calls. Stop-loss orders, however, were untouched, while steels bore the brunt of the suffering. The gold release announcement seemingly.|failed to change the market's psychology, being offset by the continued uneasiness over foreign development and a lack of definite Autumn business prospects. The possibility of a special session of Congress was also an unsettling factor. However, there was some support during the final hour, and pivotal'issues rallied. Meanwhile, Government bonds alone gained moderately. The turnover to-day amounted to 2,560,000 shares.—Reuter.

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

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