• Short Summary

    PRICES ON THE NEW YORK STOCK EXCHANGE HAVE DROPPED FIVE PER CENT IN THE LAST TEN DAYS.

  • Description

    PRICES ON THE NEW YORK STOCK EXCHANGE HAVE DROPPED FIVE PER CENT IN THE LAST TEN DAYS. EXPERTS DIFFER AS TO THE REASONS; ONE REPORT, HOWEVER, SAYS THERE HAS BEEN A STEADY EROSION OF PRICES DUE TO A DECLINING CONFIDENCE IN SHORT-TERM PROSPECTS FOR THE AMERICAN ECONOMY.

    THE DOWN JONES INDUSTRIAL AVERAGE - WHICH IS THE MOST WIDELY ACCEPTED BAROMETER OF THE NEW YORK STOCK EXCHANGE - ROSE BY ALMOST 200-POINTS TO CLOSE AT 995 POINT 15 ON FEBRUARY ??? THIS YEAR. ON MONDAY, (22 AUGUST), THE AVERAGE HAD FALLEN TO 792 POINT 03, ALTHOUGH IT HAD RISEN TO 799 POINT 55 BY YESTERDAY (WEDNESDAY).

    MR. JOHN LEAVY, AN OFFICIAL OF BACHE & CO., - THE SECOND BIGGEST BROKERAGE HOUSE IN THE UNITED STATES - WAS INTERVIEWED ABOUT THE DROP.

    A BUYER WAS ALSO INTERVIEWED.

  • Tags

  • Data

    Film ID:
    VLVAB775450H3BWNATZLO80YKKIEC
    Media URN:
    VLVAB775450H3BWNATZLO80YKKIEC
    Group:
    Reuters - Source to be Verified
    Archive:
    Reuters
    Issue Date:
    25/08/1966
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Black & White
    Duration:
    00:01:14:00
    Time in/Out:
    /
    Canister:
    N/A

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