FRENZIED FINANCE

Feilding Star, Volume 7, Issue 2219, 28 May 1929, Page 8

FRENZIED FINANCE

TOWN EDITION

GAM BEING IX WALL STREET

(Aust. and N.Z. Cable) (Received May 28, 2 p.m.)

New York, May 27

AVii.li call money remaining at (> per cent all day fear in the money si tuition, continued in the stock market. A lore than one-sixth of lho entire

general list broke to new low levels and issues in nearly all groups reached the lowest point for a. year. Many important issues dropped six points or veen more. General Electric shares lost 10 points.

In the brokerage.' office the only advice seemed to he. to keep out of the market.

Most of the brokers could see, no real reason for the losses yet they advised that they expected the loss to continue. -

The market to-dav made a. weak attempt to pull up at mid-session, but then slipped hack until most of the issues closed at a loss for the day.