NEW YORK MARKET
A DECIDED SLUMP. (United Press lAssociation.-^-By.•Electric Telegraph.—Copyright.;
(Received this' day at 11125>, a.m.) NEW YORK,. May 27. With call money rcmaniipg/i'at six all day, tlie f&r of the molioy situation continued in the steely market. More than one .sixth of tlib entire , general list' broke to now low levels. . Issues in nearly all groups reached the lowest' -point for-the-year.“'Many important issues dropped six points or more. General Electric lost ten points.
In the offices the only advice seemed to Go to keep out of the market. Most brokers could see no real reason for the losses, hut advised that they expected the loss to continue.
The market to-day made a' weak attempt to pull up at the mid-session, but then slipped- back until most issues closed at the lowest for days.
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Hokitika Guardian, 28 May 1929, Page 5
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134NEW YORK MARKET Hokitika Guardian, 28 May 1929, Page 5
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