WAVE OF SELLING
U.S. STOCK MARKETS
(Received January 4,2 p.m.) NEW YORK, Jan. 3
On the first reading of the President’s message to Congress, traders interpreted the reference to the exploration of stabilisation possibilities as bearish news, and started an immediate wave of selling, which forced prices down one to three points. Commodities sunk lower sympathetically. Conversely, the dollar strci.igthonc.il against foreign currencies. The Government’s gold prices are unchanged.
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Bibliographic details
Poverty Bay Herald, Volume LXI, Issue 18287, 4 January 1934, Page 6
Word Count
69WAVE OF SELLING Poverty Bay Herald, Volume LXI, Issue 18287, 4 January 1934, Page 6
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