CALL MONEY RATE
EFFECT ON WALL STREET. A SEVERE DECLINE. (United Press Association.) (By Electric Telegraph—Copyright.) ' NEW YORK, December 6. (Received Dec. -7, at 11 p.m.) With, the record call ffionoy rate, stocks broke sharply on the Exchange, losing from 5 to 20 points, and the speculative structure which .yvaa'built up during the last year threatened to topple. . It was the most severe decline for one day on record, and 50 representative stocks, not one of which ended a day behind the plus sign, showed an average net loss on the day of 6 dollars 25 cents while 25 industrial stocks declined 8 dollars 96 cents, and 25 rail stocks 3 dollars 45 cents. All the favourite vehicles joined in the slump, ending the day at or near the lowest levels. The drop started with the beginning of the session and continued throughout the day. The total sale was 5,407,590 shares. —Australian Press Association. .
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Otago Daily Times, Issue 20586, 8 December 1928, Page 14
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154CALL MONEY RATE Otago Daily Times, Issue 20586, 8 December 1928, Page 14
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