THE MONEY MARKET.
ANOTHER NEW YORK BREAK. TREMENDOUS LOSSES. (Australian'and N.Z. Press Association.) (Received 12 noon.) NEW YORK, October 16. The stock market suffered a drastic decline in market value witli a.'loss of above 1.000,000.000 dollars. The list broke of its own weight with the apparent removal of all support. A heavy Hood of selling orders was received. . Small traders, trying to hold, stocks from the recent reaction, sold out with heavy losses. Tim Ki-Mitest loss is represented in United .Suites Steel, the loss therein*? ■ beinjr above 80,000.000 dollars. Twenty representative industrials dropepd over 10 points. ■ Twenty rails lost above two points. The ' day sales were 4.OSS 000 shares. .
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Auckland Star, Volume LX, Issue 246, 17 October 1929, Page 8
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109THE MONEY MARKET. Auckland Star, Volume LX, Issue 246, 17 October 1929, Page 8
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