ANOTHER CRASH ON U.S. EXCHANGES.
STOCKS FALL HEAVILY THROUGHOUT COUNTRY. (United Press Assn.—By Electric Telegraph.—Copyright.) (Received October 10, 10.40 a.m.) NEW YORK, October 9. The failure on both the Stock and Curb Exchanges of Prince and Whitley, one of the leading exchange houses, who were suspended for insolvency, caused a sharp drop on the market, cutting billions of dollars from paper profits. Stocks fell from one to ten points, with many new low levels reached. The market was weak until noon, when the firm’s suspension destroyed the remaining resistance. AH the most important exchanges throughout the United States suffered under the downward leadership. United States Steel dropped to 146, and Bonds fell likewise. Chicago Board of Trade prices made slight recoveries towards the close and saved the issues from complete rout.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/TS19301010.2.109
Bibliographic details
Star (Christchurch), Issue 19197, 10 October 1930, Page 8
Word Count
131ANOTHER CRASH ON U.S. EXCHANGES. Star (Christchurch), Issue 19197, 10 October 1930, Page 8
Using This Item
Star Media Company Ltd is the copyright owner for the Star (Christchurch). 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 Star Media. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.