NEW YORK STOCK EXCHANGE.
EXPECTED REACTION OCCURS. United Press Association —By Electrlo Telegraph—Copyright (Received March 3, 7.30 p.m.) NEW YORK, March 2, The expected reaction from the upward movement of the stock market occurred to-day, when prices declined one to five points, with sales totalling 33,000,000 shares. Some of the most important railroads and industrial stocks registered the largest losses. United States steel sold at 1551, off 2i points. The New York central railroad lost five points on the report showing poor earnings for last quarter. Westinghouse electric lost five points; General Electric and /Bethlehem Steel were down between one and five l>oints. Although professional interests expected a continuation of the boom movement, to-day’s reactions were considered inevitable, and were due to Wall Street’s tendency to over emphasise reports of improvement of business conditions.
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Bibliographic details
Timaru Herald, Volume CXXXIV, Issue 18817, 4 March 1931, Page 2
Word Count
134NEW YORK STOCK EXCHANGE. Timaru Herald, Volume CXXXIV, Issue 18817, 4 March 1931, Page 2
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