A SERIOUS BREAK
U.S. STOCK MARKET NEW RECORD FOR YEAR T,>l. Copyright —United Press Assn.) (Received May 3, 1 p.m.) NKAV YORK, May 2. Stocks dropped abruptly and many million dollars were cut from values. A break of such proportions lias not been witnessed since the autumn sales, and made a record for the year of 6,986.330. The raid came suddenly while prices were rising under the*.' leadership <>l United States Steel, and the whole market was recovering. Selling gained in intensity as the close approached. Highest grade issues continued under greai pressure, especially Morgan stocks. Steel moved between 18C$ and 174?. and closed 176, off 2jf. Radios were the most aeti\e. and reached 63i-, but dropped in selling b> 55. and then gained one half to close off' 6J.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/PBH19300503.2.80
Bibliographic details
Poverty Bay Herald, Volume LV, Issue 17249, 3 May 1930, Page 6
Word Count
130A SERIOUS BREAK Poverty Bay Herald, Volume LV, Issue 17249, 3 May 1930, Page 6
Using This Item
The Gisborne Herald Company is the copyright owner for the Poverty Bay Herald. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of the Gisborne Herald Company. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in