Word: turnoveritis
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By closing time, stocks had jumped up one to ten points. The industrial average was up 3.78 points to 188.60. Rails closed at their best level (62.24) since Aug. 20, 1946. Total turnover for the day: 3,840,000 shares, the Big Board's biggest volume since May 1940...
Second Wave. Next day the Exchange was again swamped with buying. Records fell right & left. In Saturday's brief two-hour session, 2,590,000 shares changed hands-the biggest Saturday turnover since the feverish beginnings of NRA in 1933. As in the hectic days of 1929, single blocs...
In addition to the large cash turnover, Robbins' figures indicate that 22,120 pieces of literature had been distributed throughout the entire campaign.
Optimists took heart from the fact that six successive days of 1,000,000-share-plus trading, which meant a lot of profit-taking by those who had bought stocks at their lows, had failed to drive prices down. Whether the market had the strength for a further shove upward...
By Friday, the cautious buying of midweek had become something of a scramble. Stocks jumped from $1 to almost $5 a share as 1,170,000 shares were traded, the biggest turnover in five weeks. Next day, they rose even more. In the short session, 1,260,000 shares were...