HASTE TO SELL SHARES
NEW YORK PRICES SLUMP ’ i. 1 . ’ SEQUEL TO BANK FAILURES WEAKNESS IN WHEAT HELPS By Telegraph—Press Assn.—Cop/righL Rec. 5.5 p.m. *New York, Dec. 16. ■Stock prices. broke sharply to-day with a flood of selling orders. Almost the entire, active list was driven into' low ground not touched for a year • ormore. < The latest wave of liquidation is believed to be originated as a belated repercussion of the recent banking difficulties. The weakness-in wheat and silver also contributed. [ United States Steels (common) sold at 135, a new low record for a bear market. The most important other new low levels werp made by American Telephone, American Canadian Consolidated Gas, New York Central, Westinghouse, manufacturing and allied chemical shares.' </* .' 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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Taranaki Daily News, 18 December 1930, Page 9
Word Count
142HASTE TO SELL SHARES Taranaki Daily News, 18 December 1930, Page 9
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