SENSATIONAL SLUMP IN CHICAGO
REFLECTED IN STOCK MARKET.
(CSITED PRESS ASSOCIATION-«brTRIOHT.)
(AGSTKAUAN-NEW Z3AIAND CABLE ASSOCIATION.) NEW YORK, 17th March. Stock prices broke precipitously, coincident with tho drastic decline of grain futures here and in Chicago and Wirini-
Wheat recorded one of the most (sensational drops in the history of the Chicago Board of Trade when the May price dropped to 153J cents, representing a loss of 114 cents from the previous closing prices. Traders dumped their holdings oferboard following reports that Europe was glutted iirh breadstuffs, and that huge quantities of wheat shipped from tin's country could find no market and were being returned to their owners.
The terrific smash in prices during the first five minutes' trading wiped out scores of small traders.
Quotations are now:—May, 153J cents a bushel; July, 139^; September. 131.
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Evening Post, Volume CIX, Issue 65, 19 March 1925, Page 5
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135SENSATIONAL SLUMP IN CHICAGO Evening Post, Volume CIX, Issue 65, 19 March 1925, Page 5
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