Free Market Economics: A Syllabus by Bettina Bien Greaves

Author:Bettina Bien Greaves
Language: eng
Format: epub, pdf
ISBN: 0910614539
Publisher: Ludwig von Mises Institute

EXPLANATION OF A DAILY REPORT OF NEW YORK STOCK EXCHANGE TRANSACTIONS

Compare the excerpt below from the Daily Report of New York Stock Exchange Transactions for February 27, 1975 (reproduced here from The New York Times of the following day) with that for December 4, 1974, reprinted in Unit 7 (p. 59). Here are two points to note:

1. Stock market prices generally have risen since December 4. Note the rising line on the “12-Month Trend, Weekly Close” chart as well as the upward trend of high, low and closing prices charted in the upper half of the middle column.

2. The total daily volume of sales on the NYSE was generally heavier during the first few months of 1975 than in the last quarter of 1974.

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