WALL STREET PRICES.

New Zealand Herald, Volume LXIII, Issue 19291, 1 April 1926, Page 9

WALL STREET PRICES.

FEVERISH SELLING DAY. SOME ISSUES CRASH BADLY. Australian and N.%. Cable Association. (Reed. 5.5 p.m.) NEW YORK. March 30. Transactions on the New York Stock Exchange totalled more than 3,000,000 shares to-day for the third time this year. Stocks were thrown on to the market in an enovmous volume and with a reckless regard for quoted values. Prices of active issues crashed from 1 to 15 points and reached new low records for the year. The actual total of the day's sales ■was 3,356,200 shares. The large banking houses vainly attempted to stem the downward course of the market. Railways were the first to be assailed, sharp losses being sustained in New York Central and other great systems. Traders who were holding largo blocks of industrial shares scrambled to sell, with the result that stocks such as United States Steel and Hudson Motors reached the lowest quotations of the year. The President, Mr. Calvin Coolidge, and members of the Ministry reiterato their belief in the soundness and prosperity of the country and say they see no conuection between business conditions and the fluctuations in stocks.