BEARS ON WALL STREET.
NEW YORK, May 1. Stock decline® continued, with bears hammering down values, best issues making most severe declines. United States steel broke below 180 and regained only a small part of the loss. Other leading industrials met equal pressure, while rails dern'oralused in liquidation# The trading volume increased the bad influence exerted bv the fact that Morgan stocks, Steel JJnited Corporation and Vans wen ngen rails mot heavy pressure. NEW YORK, May 2. i Stocks dropped abruptly with many million dollars cut from values in a break of •nronortions not witnessed sincc autumn. Snles made a new record for this year, '5 986 330. The raid came suddenly while 'Vices were rising under the leadership of iteel and the whole market recovering. Spllini? gained intensity as the close approached. Highest grade Tssj.es continued under great pressure, especially Morgan stocks. stee ' movecl between 180% cents and "174% cents, and closed at 176 cents. Son was the most active. It reached dropped in selling to 55, then gained half'- 0 a c^oße
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Auckland Star, Volume LXI, Issue 103, 3 May 1930, Page 4
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174BEARS ON WALL STREET. Auckland Star, Volume LXI, Issue 103, 3 May 1930, Page 4
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