LOW PRICES
NEW YORK STOCK EXCHANGE. (New York Times Press Broadcast). NEW YORK, June 26. The lowest prices since the business depression gripped the country were seen on the Stock Exchange and several commodity markets this week. At the same time speculative activity in all markets dwindled to the smallest volume in a decade because of the new Government taxes on financial transactions.
The biggest financial news of the week, reduction of the rediscount rate of the Federal Reserve Bank of NeW York from 3 to 24 per cent., would ordinarily have jacked up all markets, but was impotent in the face of the numerous unsettling dcevlopments that cropped out.
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Bibliographic details
Wanganui Chronicle, Volume 75, Issue 151, 29 June 1932, Page 7
Word Count
110LOW PRICES Wanganui Chronicle, Volume 75, Issue 151, 29 June 1932, Page 7
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