FLOOD OF LIQUIDATION
NEW YORK STOCK EXCHANGE. WILD SPECULATION CRUMBLES. fUnlted Press Association.) V tßy Electric Telegraph— Copyright.) r NEW YORK, September 25. The top-heavy _ speculative structure created by the wild speculation of the past few months crumbled on the Stock Exchange to-day under . a flood of liquidation, scores of stocks breaking from three to 20 dollars per share, and wiping out more than a billion dollars on the quoted values. Similar declines occurred in the curb market and other leading security exchanges throughout the country.—Australian Press? Assdciation—United Service. * , ■ - ~ " / ; RECOVERY IN LAST HOUR. NEW YORK, September 25. Powerful support in the last hour cut losses generally in half and a handful of stocks soared from five to 20 dollars aboue Tuesday’s closing.—Australian tress Association— United Service.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/ODT19290927.2.84
Bibliographic details
Otago Daily Times, Issue 20833, 27 September 1929, Page 9
Word Count
126FLOOD OF LIQUIDATION Otago Daily Times, Issue 20833, 27 September 1929, Page 9
Using This Item
Allied Press Ltd is the copyright owner for the Otago Daily Times. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons New Zealand BY-NC-SA licence. This newspaper is not available for commercial use without the consent of Allied Press Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.