WALL STREET TRADING
PRICES CRASH AGAIN. NEW LEVELS FOR YEAR. (United Press Association.) f (By Electric Telegraph—Copyright.) . NEW YORK, June 16. Prices crashed again to-day on, the Stock Exchange. Over 100 issues made new low levels for the year or longer and more than 2,000,000,000 dollars in valuations were swept away in - heavy liquidation. Prices broke from 3to ■l® points in the active issues, and the whple list was carried to new low levels. United States Steel made a new low level for the year of 158}. r The Chicago, Philadelphia, Cleveland, and Boston stock markets also reacted badly. The commodity markets, includcotton, wheat, bar silver, and rubber likewise are badly depressed. BANKING SUPPORT INEFFECTIVE. NEW YORK, June 16. Strong banking support was forth* coming, but it failed to cheek the headlong decline in/ market prices Wav, Two hundred issues plunged to new low levels in the most precipitous crash experienced since November. ESTIMATE OF LOSSES. v NEW YORE, June 10, : New York stock market losses totalled well over 5,000,000,000 dollars.
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Bibliographic details
Otago Daily Times, Issue 21055, 18 June 1930, Page 7
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171WALL STREET TRADING Otago Daily Times, Issue 21055, 18 June 1930, Page 7
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