U.S.A STOCKS
NEW LOW RECORDS. %r ; •, ; (United Press Association— By Electric Telegraph.—Copyright.) NEW YORK, December 16. Stock prices broke sharply with a flood of selling orders, into which almost the entire active share list was driven into new low ground for a year or more. This latest wave of liquidation is believed to have originated as the belated repercussion of the recent banking difficulties. The ,weakness in wheat and silver prices has also contributed. United States Steel Corporation common stock sold at 130, a new low record for a Bear market. Most important other new low records were made by the American Telephone Coy., the Amencan-Canadian Consolidated Gas Coy., the New York Central Railroad Coy., the Westinghouse Manufacturing Coy., and the Allied Chemical Coy. shares yesterday. In addition, to-day twelve banks in North and South Carolina. and two banks in New York State have closed. All there had small capital.
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Hokitika Guardian, 18 December 1930, Page 5
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150U.S.A STOCKS Hokitika Guardian, 18 December 1930, Page 5
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