VALUES CRASH.
BIG NEW YORK BREAK. STUPENDOUS LOSSES. (Received 11.35 a.m.) NEW YORK, June 16. Prices crashed again to-day on the Stock Exchange. Over a" hundred issues made new lows for the year or longer, and more than two billion dollars in valuations were swept away in heavy liquidation. Prices broke three to sixteen points in active Issues, and the whole list was carried to new lows. On reaction United States steel made a new low for the year at \oWi. Chicago, Philadelphia, Cleveland and Boston stock markets also reacted badly. Commodity markets, including cotton, wheat, bar silver and rubber, were likewise badly depressed. Later. NEW YORK, June 16. Losses totalled well over five billion dollars.
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Bibliographic details
Auckland Star, Volume LXI, Issue 141, 17 June 1930, Page 4
Word Count
116VALUES CRASH. Auckland Star, Volume LXI, Issue 141, 17 June 1930, Page 4
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