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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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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