Trade Soars to 10 Million in Modest Loss: Early Advance Is Erased
NEW YORK, Sept. 23 (AP)ÛÓStock market volume soared to 10 million shares today as prices first rose and then crumbled pretty much like an ocean wave.</br></br>The decline was not that sharp ana dramatic, however, because the Dow Jones industrial average sank only 4.17 to 927.45 after rising by 2.36 at the start.</br></br>The 10 million shares was the seventh highest volume day in the history of the Exchange. It compared with 8.31 million yesterday and was the largest since June 29 when 10.49 million shares were traded.</br></br>That day, said analysts, constituted a Û¢'selling complexÛ to the monotonous market decline which had been in effect since mid-May when the averages reached historic highs.</br></br>The biggest dav in market history was ÛÏBlack Tuesday,Û'Oct. 29, 1929, when 16.4 million shares changed hands. Second-ranking was May 29, 1962 when 14.7 million shares were traded on a one-day snapback from the collapse of May 28, 1962, known as ÛÏBlack Monday.Û