Late Commercial—

Sun (Auckland), Volume IV, Issue 1002, 19 June 1930, Page 12

Late Commercial —

SOUTHERN EXCHANGES TODAY’S SALES Press Association j (cWeinnpton. —On Change: Jlou Christchurch.— On *Clu ng< Zps , land Government 51 per cent fncn-n-.i-.i , u>.i .iri.l ATisTriilKir; ■_ : Bank of Australasia ( JJ.j n a id) W SBank of New South Wales. £3B* 1 ~s• I’nion Bq.nk of Australia. £ll 16s; Dalgety and : Amalgamated Wirefess (contr.) 20s <d *2): British Tobacco (cum div ) 39s (6); Mahakipawa, Jd (5). Re-portr-d; New Zealand Breweries, 51s Bs D sdaou’J° n ’ Chanse: okarito - <«• PLUNGING DOWN NEW YORK MARKET SLUMP Reed. 9.5 a.m. NEW YORK, Wed. ! Th© stock market struck another ; heavy decline today and by noon at least 500 issues were estimated to have made either new low levels for the year or have equalled their previous low ] levels. It is estimated that a tremendous drop during th- vr- t..—, : .d swept • 0n... .vi- “.‘."I. dollars in market values, adding to the vast losses incurred in the past few days. .Semi-demoralisation also * developed m the commodity markets and throughout the country wheat j dropped 3 cents to 3 3-8 cents, i At Chicago July is selling at 95 cents. ; a new low level for the crop. : Sugar futures plunged to the lowest : level on record, when July sold off to 1-29 cents a lb. Cotton futures swept | downward 75 cents to 1.75 a bale. Copper prices broke to lli cents a j lb, the lowest in nine years. Silver j reacted again and rubber futures broke j to record low levels. No group was immune from the un- ; loading process on the Stock Exi change. Heed. 10.25 a.m. CHICAGO. Wed - . i 1 vents. _