STOCK PRICES BREAK
THE NEW YORK MARKET.
FLOOD OF SELLING ORDERS
(United Press Assn.—By Telegraph—Copyright.) (Rec. 5.5 p.m.) New York, December 16. Stock prices broke sharply with a flood of selling orders into which almost the entire active list was driven into new low ground for a year or more. The latest wave of liquidation is believed to have originated as a belated repercussion of the recent banking difficulties. Weakness in wheat and silver also contributed. United States Steel (common) sold at 135, a new low record for a "bear” market.
Yesterday and to-day twelve banks in North and South Carolina and two in New York State closed. All had small capital.
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Bibliographic details
Southland Times, Issue 21271, 18 December 1930, Page 7
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112STOCK PRICES BREAK Southland Times, Issue 21271, 18 December 1930, Page 7
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