STOCKS FALL

Evening Post, Volume CXI, Issue 116, 19 May 1931, Page 11

STOCKS FALL

NEW y6RK MARKET

(Eeceivod 19th May, 1.45 p.m.) • , .NEW YOEK, : 18th-May. '"' All previous support has disappeared In a current bear market, and values melted away steadily throughout _ the day under the downward leadership or. United • States Steel. Nearly all impoftant shares . dropped to new low leyels, much pressuro being exerted m the railways-list. ' yjrtiiWly -every such issuo on the board'tb'uched. the seven-year low point. ■Industrials suffered likewise, though not quite so consistently. Tho United States Steel common closed at 99, off 25.8 points, its first drop

below par since 192 i: Auburn Motors closed 196, off 6 points; American Can Company, 97, off } point. American Tclophone and Tolegraph 169 3-8, off BJ. New York Central, 82J, off <IJ. Pennsylvania Railway 45, off 2. Australian bonds weakened cornewhat, closinff: Commonwealth 5 • p;c. 1955, 56 dollars, off I; 1957, SCJ, off i; 4f p.c, 52, off 1; Brisbane City, '5 p.c, 41, oS 3; and 1958, 42, oft' 4; New South Wales State, 5 p.c.,1957, 45:, off 3-8; and IDSBJ .44, off .2; Queensland State, 6 p.c, 62,.up'2; .7 p.c. 74,.unchanged; City'of'Sydney, 5£ p.c, 1955, 48, off 2. ' ' ■