WALL STREET
FINANCIAL DEPRESSION VIOLENT BREAK IN PRICES. Press Association—By Telegraph— Copyright. NEW YORK, Juno 12. The anti-climax of the prosperity which has gripped the stock market during tho past two months arrived with a violent break in all issues, the public stampeding in efforts to dispose of stocks, which is regarded as an indication that the current depression cannot bo checked, hut must run the gamut. Former leaders were heavily affected, and tho decline in General Motors represents 550,000,000d01. A Striking illustration of tho collapse is offered in the case of tho Bank of Italy, which a month ago was forced upward licarly 100 points under the pressure pf frenzied buying, and which was carried down yesterday -37 points. It is believed that Wall street will not hereafter bo susceptible to financial depression for many years.—Australian Press Association.
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Evening Star, Issue 19892, 14 June 1928, Page 4
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139WALL STREET Evening Star, Issue 19892, 14 June 1928, Page 4
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