AMERICAN ITEMS
STOCK^IARKET.
(United Press Association.—By Electric Telegraph.;—Copy right, j
(Received this day at 10 a.mA .NEW YORK, June 11. The severe break, partly attributed to yesterday’s decline.in London resulted in the rush of selling, over four billion dollars worth of stocks being transferred on New York market. Drops in prices continued until immediately before the close when slight recoveries appeared, although increases wore unimportant. The market broke on Monday and recovered on Tuesday but dropped in all issues to-day. Industrials sold off sharply, steel reaching a new low level of 160. Losses ranged up to 20 points. Little support was demonstrated and the demand was particularly small. It r indicated the tariff situation is not helpful.
FIVE BANKS CRASH
NEW YORK, June 11
A report from Miami (Florida) states: Five banks, with, resources amounting to more than 20.000.00 u dollars closed their doors to-day. The institutions were affiliated and difficulties are attributed to the “recent substantial withdrawals.” it is believed, however, it is the aftermath of the deflation period of the Florida boom.
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Hokitika Guardian, 12 June 1930, Page 5
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174AMERICAN ITEMS Hokitika Guardian, 12 June 1930, Page 5
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