Word: reignedâ
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Wall Street, The news reached the New York Stock Exchange after closing hours. Next morning bedlam reigned???a bedlam of selling. It looked as though Wall Street's interpretation was that the "Coolidge Bull Market" had ended. But by luncheon time, the shrewd were profiting by the haste of the nervous. A buying reaction set in that expressed Wall Street's more considered faith in the availability of Mr. Coolidge if needed and the stability of the G. O. P. if he is not needed. The net decline of 50 representative stocks on the day of "panic" was only...
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