Evening star., 1928-03-27
General Motors. Under
Spirited Bear Attack, Drops
Maximum of IS Points.
CONFUSION RAMPANT
IN BROKERAGE OFFICES
Ticker Far Behind-Short Covering
Causes Rally-Trading in Ire
mendous Volume.
BY GEORGE T. HUGHES.
,.-.- n-.rst.h IN The sta-

spe+al Dispatch To The star
NEW YORK. March 27.-To the ac-
Compartment Of record breaking
turnover and with fluctuations when
for bewildering T'spidity have seldom
been matched, prices on the STOCK EN-
change today broke violently, and theh
came back 10 cancel half and more
Of the loss in the case Of the mduStflS!s
and to push through into new msH
ground for the rails.
It was a day unequaled IN the mem
ory Of the present generation OF uaoeIS'
General Motors broke l6& points
ard then rallied TO- Other induSulais
slumped not quite so FAR, out sun
spectacularly. The selling Lasted 'W'
hours. Then al effort was made 70 'us j
the market about by bidding up Ihs
rails
Ncw York Central at New High
nyevr work Central. above 1T, made
new high record for all tune. no :
island made 8 new hlgh LOT tI!s So ga.
re ,-evg 81 Paul issues sold at the pCsS
80 thp, we're listed The indusTlale
I,er5crad and resumed the leadership
T7e advance in radio was almost a.
s.,-saffonsl rs any seen IN tilat
stocl during its hectic career. IL haa
c,,n,,e6 Al 1871. compared Win the
r~eyiolls close Of 1856. From TINS poIl4t
: dropDed over 10 points, out IN the
~fsev,,aar, II recovered not only the tOLe-
nnnr loss but set new high RECORD 4o5 oa
al time The range was nea'N ~
points - ers, tnree
The transactions IN the nrst as5 ,hegs ,i1ege
hours were 2.780,I0 shares ana lLieIe
was every indication that All pfevIoISs;
60 by the board
Break without Warning.
The forenoon break came, as II
s4uavs docs. without warning
rYrrpt for General Motors. the mi
tai osIctatiols on the pJIIliGt ia1oIltts
were higher This was sspeclal4y lLue ,l
OF The Independent automooLe stt'CAo; s
-rnrn came the storm. 4 oelIse q
veg'srg orders broke oves the nAfkeA
evrI rrGces melted agay. Not al any
T5y,9s ig two wears has there been any
ffrfne comparable. Brokers we're sNFp'
oa tnafr feet. The machinery lo9 te
y,ortiuR sales practically broke 60 49, =.
At any rate. j ieA oeIllll@
tre Foor a fun half a0df -. ....oo,
,.f etfark Starting IN on spit open
- ~ 1 roo shares ct 1913 20 1875. com
,+e,eS a,fth the previous close O. $50 >.
4 fofaaaaned a point. points, an
.eo3,,fe 1Fsetweer sales until. t0ucnlFlk 1oV'
/. %ss eF 1874 points net -,
r. i41,1sfyafe the way IN wnlcn quota
.s,,.,r yssrrnpd about. the Iape fecoi
-~ade 20 minutes after the opening "a -
Genera Motors may be useo. hEte -
fns v,zv the sales came o4t. ,o o. On
n 81 50S5 -20.s0. 80 .8Z.l4.oS.'o'o''A'
Rs25 40 8e20S7. -. C.a,-
sTnis means that 5,oOy SLlAIso y. ,t,e
-, O. gleyt sale was 1000 shares al 10Y
49,, : r.ojr,ts The price then 0CDOe2
soout between 1872 sno 100.
Others Act Similarly.
o.,e- stocks acted in similar fasnlon,
..,s,easys, me swings we're not qalte y
Se~oe -Roeouck hao ehseo a
30 = og,ened unchanged ano tnsI'
s% ,rn A. = new high for the pfeseh1
eE1e,,e IL tge first few minutes. taeh
!. F,y(.,e soY4e II points. Unfortunately
.,slerc s.Fo had bought at tne top nao
~ tlyre 70 get out IraolnB " 1ls
fzr,e vas impossible. CFoefs han ~ "
given ~ the market or not al al ~
orc cC1sc tEa DJ AAe g4'SaA-oi' -
eerne ofsf On the ticker what be %oDlo
yecelve 4 he s9lo oT what he "oulo nave
70 oay & be bought.
illustrative q the confusion IN DfokfI-
sor Offices NneD General Aot9f6 va
tessQ ofaetec ~ the tape a. 1873 me Dest
blc gn tne ao1T was lS5
tfortaogoery Ward opened ~ I47 70
ia GY Cfa>'s If 5000 shares the
latter figure representing within
snail fraction the high for Ill time,
YFea ~ ggoke u 1z0H4 ~ some poinIA
6eIow yesterdays final General Electric
81 The end u Ghe first hour Was selling
e. 80 a. against the previous final of
ike. 10000 shares changing HANDS a.
ta& fa5eFe
Dnllee states Eteel showed signs cf
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