PRICES TUMBLE
AMERICAN SHARE MARKETS. FLOOD OF ORDERS. (United Press Association—By Electric Telegraph—Copyright.) Received April 29, 2 p.m: NEW YORK, April 28. Stock prices to-day tumbled from one to six points, another heavy wave of selling turning the Exchange floor into a bedlam, with brokers struggling to execute the flood of “bearish” orders. . . Wall Street plunged with pessimism into the downward trend, blaming for the situation a variety of factors, the chief being President Roosevelt’s warning against speculation and his efforts to curb the speculative orgy of commodity prices. United States Steel lost six points, and Chrysler and General Motors also fell, while United States Smelting lost five points. ' Selling for foreign account continued heavy.
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Bibliographic details
Manawatu Standard, Volume LVII, Issue 127, 30 April 1937, Page 2
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115PRICES TUMBLE Manawatu Standard, Volume LVII, Issue 127, 30 April 1937, Page 2
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