More than 2,000,000 shares were turned over in each of four sessions and the week's total of 12,132,950 shares was the heaviest since the week ended October 23, last year when prices crashed. In the preceding week's sharper rush 10,112,140 shares were turned over.
The volume of 22,245,900 shares for the two weeks was equal to more than 25 per cent. of the entire volume for the year to June 20, when the rise got underway.
The rise was not as sweeping as in the preceding week but it held more significance.
Wall Street had looked for a sharp corrective reaction and mally big traders had put out substantial short lines. But the public ignored the warnings of the market analysts and rushed into the market when it got tired of waiting for the setback. The result was a drubbing for the bears and profits for the little fellows.
Text read from the printed page and cleaned; old type leaves the occasional error.