NEW YORK EXCHANGE
BANKERS EVINCE ANXIETY TIDE OF SECURITY SELLING. 7,000,000 SHARES CHANGE HANDS. (By Telegraph—Press Assn. —Copyright.) (Australian Press Association.) (Received Oct. 22, 1.35 p.m.) NEW YORK, Oct. 21. The rising tide of security selling assumed serious proportions to-day. The stock markets general list broke from two to fifteen points. The tickers lagged over an hour behind the market. There was the greatest confusion, and anxiety throughout the entire recent break was exhibited by investment bankers. It is reported that public confidence has been so shaken and that it is virtually impossible to sell new issues of stocks and bonds. To-day's losses are especially significant since- it came after several days of liquidation. One representative high-priced specfalty issue broke 138 points; another dropped -15. The United States steel stocks touched new low records of 205. The day’s total sales were approximately 7,000,000 shares.
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Bibliographic details
Waikato Times, Volume 106, Issue 17848, 22 October 1929, Page 8
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144NEW YORK EXCHANGE Waikato Times, Volume 106, Issue 17848, 22 October 1929, Page 8
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