AMERICAN ITEMS.
[United Press Association.—By Electric Telegraph .—Copyright.]
NEW YORK, Nov. 19. With trading even lighter than yesterday, United States Steel furnished about the only division on the Stock Market, closing with a flourish at 166 after a- day’s low level of 160. The whole list moved in a narrow range, the majority of stocks closing slightly higher, after early selling, which was never severe, had subsided, A feature of file short session was the total absence of anything spectacular.
U;S, RAIL CONSTRUCTION (Received tins day at 11 a.m.) WASHINGTON, Nov. 19. Heads of practically all important Eastern railroads are pledged personally to Mr Hoover to go ahead with full construction and expansion programmes without regard to Stock Market conditions. This was the first major development in Mr Hoover’s effort to stimulate confidence in the business outlook. The railroads are among the heaviest buyers of steel. Their pledge therefore ensures work for steel mills, shops and thousands of eimployees.
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Hokitika Guardian, 20 November 1929, Page 5
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159AMERICAN ITEMS. Hokitika Guardian, 20 November 1929, Page 5
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