STOCK EXCHANGE
RECORD BREAK IN PRICES. AT NEW YORK. [United Press Association—By Electrio Telegraph—Copvngnt). (Received this day at 10.30. a.m.) NEW YORK, Feb. 7. The Stock Exchange experienced one of the worst breaks in years, and the second largest in its history. Prices which declined at the opening on enormous transactions, rallied later on support, but were sold off towards the close, many issues breaking below the morning low levels. The dealings were so active tliat at one time the tape was over half an hour late. Radio Corporations broke nearly thirty points from the previous close. The market had been rising sharply lately and the technical position had become very weak. It is therefore considered natural that when London raised the rediscount rate and the (Federal Reservo Board announced ai more stringent policy regarding brolcerage loans that prices should break. The preliminary figures showed a decline only surpassed by that of Bth December, 1928.
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Hokitika Guardian, 8 February 1929, Page 5
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155STOCK EXCHANGE Hokitika Guardian, 8 February 1929, Page 5
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