WALL STREET TRADING
FURTHER CRASH IN PRICES. NEW LOW LEVELS REACHED. (United Press Association.) (By-Electric Telegraph—-Copyright,) * NEW YORK, May 5. The Stock Exchange suffered another bear shock to-day, with ’sales crossing the 0,000,0rf0 share mark at 2s 10d in the afternoon. This is the first time that this total has been reached since November. United States Steel crashed down to 16Ci off four points, then the entire market followed. Steel prices crashed from three to 10 points. May wheat made a new low level at a dollar a bushel, and raillied only an eighth of a cent, before closing. Cotton futures dropped nearly two dollars a bale. Shortly before closing there was - a rally in stocks, but it came too late to affect sufficiently the high gains, although recoveries from one to three points did occur. The''sales totalled 8,279,260. , United States Steel ended the day at 1175, representing a rise of one and a-half points, and General Electric at 775, representing an advance of f.
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Otago Daily Times, Issue 21019, 7 May 1930, Page 11
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165WALL STREET TRADING Otago Daily Times, Issue 21019, 7 May 1930, Page 11
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