BEARS RAID MARKET
FURTHER SLUMP IN "VALUES"
(Eeceived 13th November, noon.) NEW YOEK, 12th November. _ The stock market took another terrific setback, prices dropping rapidly when the bears raided United States bteel. Millions of dollars were chipped from already impaired "values." Later the descent was followed by a -weak recovery. Trading was tremendous with the tickers far behind. Traders on the floor had the greatest difficulty to find exact quotations. At the close support was completely lacking. Wealthy traders were the heaviest losers. Much of the pressure started from the further liquidation, of margin accounts. Call money was 6 per cent, all day.
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Bibliographic details
Evening Post, Volume CVIII, Issue 117, 13 November 1929, Page 11
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103BEARS RAID MARKET Evening Post, Volume CVIII, Issue 117, 13 November 1929, Page 11
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