The New York Stock Market on Tuesday, (August 17th) continued its upward swing after a record trading session as it continued to react favourably to President Nixon's wage-price.
MV Price indicator board ZOOM OUT to top view.
SV tape price indicator
GV activity round tape machines
SV price indicator board
GTV crowd in Stock Exchange.
SV sign SV indicator board and dealer watching (4 shots)
SV dealers on telephone watching tapes and indicator ZOOM OUT to TV inside Stock Market (2 shots)
GV ext. tilt down to entrance Tokyo Stock Exchange.
GTV activity on market floor (2 shots)
MV dealers checking princes from indicator board. (two shots)
SV and MV PAN dealers bartering (3 shots)
TV PAN general activity on Stock Market floor.
Initials HW/0401 HW/0429
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Background: The New York Stock Market on Tuesday, (August 17th) continued its upward swing after a record trading session as it continued to react favourably to President Nixon's wage-price. The reaction was reflected in trading on the Exchange which resumed its upward swing after Mondays record trading session.
In Tokyo, the reaction was entirely different. Widespread fears of a revaluation of the yen caused the heaviest fall in history of Japanese stock princes end threw the Tokyo market inter confusion.