STOCK PRICES DECLINE
VALUES IN NEW YORK REACTION FROM UPWARD TREND AFTERMATH OF OPTIMISM. (United Prws Association—By Electric Telegraph Copyright., NEW YORK, March 2. | The expected reaction from the upward movement of the stock market occurred to-day, when prices declined by from one to five points with sales totalling 3,300,000 shares. Some of the most important railroad and industrial stocks registered the largest losses. United States Steel sold at'T45J, down to two and a-quarter point's. New York Central Railroads lost five 'points on a report showing poor earnings in the last quarter. Westinghouse Electric lost five points General Electric and Bethlehem Steel were down between one and five points. Although professional interests expected a continuation of the boom movement to-day’s reactions were considered inevitable, due to Wall Street’s tendency to over-emphasise the reports of the 'improvement of business conditions.
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Hawera Star, Volume L, 4 March 1931, Page 6
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139STOCK PRICES DECLINE Hawera Star, Volume L, 4 March 1931, Page 6
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