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Cincinnati Commercial Tribune in Cincinnati, Ohio

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Newspaper

Cincinnati Commercial Tribune

Location

Cincinnati, Ohio, United States of America

Date

Jun 18, 1930

Page

8

Stock Market Sharp Break Triggers November Panic Recall

New York stocks slid as Dow Jones dropped 14.2 points to 2230.05 marking the deepest setback since December. Heavy turnover of 5.6 million shares fueled block liquidations while steel and Westinghouse led a late rally as copper fell to 11½ cents and U.S. Steel cut operations to 72 percent.

Wall Street Journal Wire New York Westinghouse Electric American Can Worthington Anaconda Kennecott American Smelting United States Steel Dow-Jones Westinghouse Worthington Pump

Stocks Hit New Average Low for 1930 on Dull Tuesday

The average of industrial stocks touched a new low for the year, with 20 issues declining in a quiet session. Procter & Gamble led gains, rising 4 points on light trading. Eagle-Picher hit a long-time low before recovering, while utilities and Kroger showed mixed moves. Cincinnati Street Railway declared its 2nd quarter dividend.

Hoover Procter & Gamble Newman, Gruen American Rolling Mill Cincinnati Street Railway Eagle-Picher Kroger Cincinnati

Dow Jones Averages Close Report

New York stock market figures show the Dow Jones averages at the close with 20 industrials at 228.57 down 1.48, 20 railroads at 131.33 up 0.48, and 20 utilities at 83.10 down 0.11.

New York New York Stock Exchange

Cincinnati Averages Board Stocks Data

Twenty representative stocks report high low and close for today with figures for previous day and year age. The compilation notes a net decline and a new low for 1830 as compiled by Weistheimer and Co.

Weistheimer & Co

Delayed Money Movements Hit Bank Officials

Local financial activity showed heavy midmonth fund movements with payments delayed by the 15th Sunday, large sums sent to New York brokers, and substantial bond payments. Foreign exchange remained active with sterling and francs in demand as leather goods shipped to Italy and other nations financed through banks. Local stock trading volume rose with 11.95 million dollars in bank clearings and 5,945 shares traded on the Cincinnati Stock Exchange. The Ohio dairy herd at Mt Vernon averaged 4.644 pounds butter fat and 13.077 pounds milk, the best among state herds.

New York Italy Paanama Porto Rico Poland Russia Hamburg Stock Exchange Cincinnati and Suburban Telephone Company Cincinnati Stock Exchange Columbus Old State Sanitorium Wat Mt. Vernon J. B. Bragg State ‘Welfare Department

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