• Short Summary

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

  • Description

    1.
    GV.INT...BROKERAGE HOUSE
    0.03

    2.
    GV.PRICES BOARD (NATURAL SOF)
    0.05

    3.
    GV & SV. INVESTORS WATCHING PRICES BOARD
    0.18

    4.
    SV.JOHN LEAVY IS INTERVIEWED SOF IN: "IT IS OBVIOUS THAT THE PEOPLE.



    SOF OUT: "....IS UNCERTAINTY."
    0.45

    5.
    SV.BUYER IS INTERVIEWED
    1.09


    SOF IN: "WHAT ABOUT YOU, SIR?"



    SOF OUT: ".....JUST PESSIMISM."


    6.
    GV.PRICES BOARD
    1.14


    TRANSCRIPT SEQUENCE 4: REPORTER: "IT IS OBVIOUS THAT PEOPLE ARE GETTING JITTERY. IS THERE ANY SIGN THAT THEY ARE BEGINNING TO PANIC?"



    MR. LEAVY: "I WOULDN'T SAY SO. I THINK IT'S A... I WOULDN'T USE THAT WORD 'PANIC.' I THINK THAT THEY DON'T WISH TO REMAIN FULLY INVESTED, LET'S SAY, OVER THIS PERIOD OF UNCERTAINTY. THE ONE THING THAT CAUSES SELLING, THE MOST PREDOMINANT CAUSE, IS UNCERTAINTY."



    TRANSCRIPT SEQUENCE 5: REPORTER: "WHAT ABOUT YOU, SIR? WHAT DO YOU THINK ABOUT THE WAY THE MARKET IS GOING?"



    BUYER: "UNFORTUNATELY, I AM FAIRLY PESSIMISTIC. I SEE NO SUPPORT IN THE NEAR FUTURE. I AGREE THAT IN THE LONG TERM THERE IS NOTHING LIKE THE AMERICAN ECONOMY AND IT COULD SNAP BACK. BUT, JUST LOOKING AT THAT TAPE THERE IS NO ARGUING. IN FACT I SEE NOTHING ON THE NEAR HORIZON. JUST PESSIMISM."




    Initials JMC/V-N/MGT/GLH



    Script is copyright Reuters Limited. All rights reserved

    Background: 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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