BEDIM WALL ST.
HEAVY SELLING
STOCK PRICES DECLINE
VARIETY OF FACTORS ■ ■ BLAMED
United Press Association—By Electric Tele,
Eraph—Copyright. (Received April 29, 2.20 p.m.) NEW YORK, April 28,
Stock prices tumbled from one to six points in another heavy wave of selling which turned the floor of the Exchange into bedlam as brokers struggled to execute the flood of bearish orders. Wall Street was plunged into pessimism by the downward trend.
The situation is being attributed to a variety of factors, the chief being President Roosevelt's warning against speculation by civil servants and his efforts to curb the speculative orgy of commodity prices.
United States steel lost 6 points, Chrysler 4J, General Motors li, and United States Smelting 5. Selling for foreign account continued heavy.
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Bibliographic details
Evening Post, Volume CXXIII, Issue 100, 29 April 1937, Page 10
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124BEDIM WALL ST. Evening Post, Volume CXXIII, Issue 100, 29 April 1937, Page 10
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