WALL STREET TRADING
A FLOOD OF SELLING. NEW LOW LEVELS PEACHED. (United Press Association.) (By Electric Telegraph—Copyright.) NEW YORK, December 16. (Received Dec. 17, at 5.5 p.m.) Stock prices broke sharply with a flood of selling orders, into which almost the entire active list was driven into new low gorund for a year or more. The latest wave of liquidation is believed to have originated as a belated repercussion of the recent banking difficulties, but the weakness in wheat and •silver also contributed. United States Steels common sold at at 133, a new low record for the bear market. Among the other shares that touched new low levels were American Telephone, American and Canadian Consolidated Gas, New 'York Central Westinghouse, and Manufacturing and Allied Chemical.
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Otago Daily Times, Issue 21212, 18 December 1930, Page 11
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125WALL STREET TRADING Otago Daily Times, Issue 21212, 18 December 1930, Page 11
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