Wall Street Falls Further Amid Broad Selling Pressure
The Dow dipped toward the 230.89 resistance and bears gained steam with extensive liquidation across active stocks. Copper hit a new low at 11 1/2 cents per pound while steel shares slumped to fresh annual lows as uncertainty in prices persisted and auto stocks warned of output curtailments.
MENTIONED IN THIS ARTICLE
New York
Associated Press
Coll & Ask
Cement
Anal
Abitibi P & P
Cole Bacon
Harvester
Abraham & Str
Col Fuel & Iron
Hydro el
Col. & South
Adams
Columbas & el
Columbia Grap
Corp
Columbia
Ajax
Com Investor
Ala & Wicks
Alaska
Sennetee Teanenenee
Tel
Inter
Alleghany Seeesene
Alliance Realty
al Chem & Dye
Conde Nastantenewee
Johns Manville
Amerada
Agri Chem Levenee
Jordan Motor Eeeenenene
K Am Bank
Consol Gas
Bosch
Kaufman Dept
Kelsey Hay
Diam
Kelvinator
Cont Insurance
Kendall
Am Chain
Cont Motors
Kennecott Cop
Kinney GR
Kolster Radio
Crex
Kresge
Crosley Radio
Kresge Dept St
Hawai SS
Crown Cork Ean
Crucible Steel
Kroger Ir
Cuba Co
Am Mach & Fayan
Udahy Pack
Lee Ubbe
Tire
Metal Sete
Eaeneneesewees
Bang Wright Seeensee
Lehigh
Ott Cement
Steet Eeeereenrene
Seeee Ieange
Lehigh Val Coal
Lehigh Valley
R Wa
Lehman Corp Lehn & Fink
Davison Chem
Debenhams
Libbey
Rad St San
Delaware & Hud
I . Myers
del Lack & Wine
del Lack & Wine Ree Ti 1,500 23 20 22 | 27,400 62 67 A 581 den RG & W Pr
Detroit Edison
W’s Inc
Am Ship & Com
Devoe & Ray A
Dominion St
Louisiana
Dss&a
Duluth
Louis Gg& Ela
Am Steel
Dunhill
Louisville & Nash
Ludlum Steel Aeee Teteaee
Am Sugar
du Pont de Nem
Ludlum Snt Pf
Lessyecesse
Tel & Tel
Macy
Rts Ann
Nnneenenen
Lego
Eastman Kodak
Magma
Eaton Axle & Spg
el Pow & &Lgt
Maracaibo
el P &L
Market St Ry
Elec
Endicott John
Zinc L & S
Eng Pub Ser
Marmon Motor
May Dept St
Anscon
McGraw Hill
Armour
del Pf Wees
Evans Auto L
Ek Rae McIntyre
McKeesport T
Fairbanke Pf
McKess & Rob
Arnold Coast
Fairbanks Mor
Fash Park
McLellan St
Seh Eeeeeneeemeen
Melville Shoe
Asso Ap Ind
Lt & Tr
Engel
Asso Dr. Goods
Fed
M & Sm of
Scobes
T&s F
Miami
Atl Coast Line
Federated Dst
Midland Steel
Atlas Stores
Auto St Razor A
Missouri Pac
Avia‘tion Co
Ee Eee
Ty Ail Foundation
Aeeeeeennenneee
Monsanto Chem
Orenerere
Montgomery Ward
Ss Eeenereeeenesee
Fox Film A Daceespecsee
Moon Motor
Bee & Ohio
Freeport
Texas
Giiz
Moto
Gau
Barker
Motor Wheel
Barnet Leather
Mullins
Barnadas
Gabriel A Aeteeeeeneterees
Munsingwear
Bayuk Cigar
Camewell
A Murray Corp
Thuy Gardner Mot
Myers & Bro
my ae _Creamery
Attee Theeeeeeeeeres
Gen Am. Invest
Senenee
Pref Saeneeneeee
Nat Bell Hess
Blaw Knox
National Biscuit
Bohn Alum
General Electric
Nat Cash Reg .A
Bon Ami
Nat Dairy Pr
Borden
Borg-Warner
General Motors
Nat Pow & Lt
Bklyn & Qu Tr
Bklyn & QT P
Brunswick
Bruns T & Ry
Neisner Bros Aonee
Newport
Gen Theater Enuip
Gillette Salvazor
Y Central
Buff & Susq
Gimbel Bros
Nyc&stl
Glidden Co
Y & Harlem
Gobel Adolph Ateeweseee
Nynh & H
Bullard Co
Bulova Watch
Goodrich
Steam
Csemssersb ci Deue
Goodyear T & R
Norfolk
Norfolk & Wes
North Amer
Butte
Granby
Graham Paige
Amer
Butte & Sup
Grand Si
Amer Fdis
Butterick
Grand Union
Nor German Lloyd
Toi
Byers Co
Northern Pacific
Granite City Steel Doct
Aenean Ene Eeneeeenees
Calif Packi Porrereey
Northwest Tel
Callahan
Grant
W News
Norwalk T & R
Jumet & Ariz
Calumet & Hee
Gt Nor Ir
Campbell Wy
Gt West Sugar
Fey
Oliver Farm
Canada
Guantan Sugar Seaetees
Gulf Mobile & N
Cannon Mills
Gulf St Steel
Hahn Dept
Pacific Gas & Ae
Cavanagh
Pacific Light
Celotex Co
Hanna
Pacific Mills
Central Agann
Harb Walker
Pac
Hartman
Packard Motor
Hayes Bod
Bis Pac" Pet
Cerro de Pas
Helme
Saben
Hercules
Pa India P & R
Hershey
Checker Cab
Param. Publix
Ches & Ohio
Hoe & Coa
Park & Til
Fey Holland Furn
Aha Park U
Houd-Hersh
Pathe Exchange
Chic Gt West
Houston Oil
Howe
Hudson & Ma
Peerless Motor
Chie St P & P
Hudson Mot
Jenick & Ford
Ene Oy
Hupp Motor
Penney (Jc
Chie Rk Isl & Pac
Penn RR
Peoples Gas
Pere Marquette
Lo Pr
Jelons Steel
Phelps Dodge Ietabacd
City Ice & Fuel
Insuran
Inspirat Cop Phila Co
Ae City
Clnett Peabody al
Phila Real Co
Philip Morris
Interlake Iron
Phillips Jones
Cora-Cola Senet Eteetee
Wall Street Journal Wire
Stock Exchange
Wall Street
Federal Board Reports Prices Low After 13 Years
The Federal Reserve Board found wholesale commodity prices at their lowest in thirteen years. April prices were about 7 percent below July of the previous year, with declines spreading worldwide. The board links price drops to slower trade and high money rates, plus reduced consumer purchasing power from lower employment and wages.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve Board
Chain stores and branch banks defended at banking meeting
Denver June 18 Two economic developments chain stores and branch banking were praised as here to stay by bankers. E V Krick of American Trust San Francisco argued unit banking failed to serve the public while Clark G Mitchell of Denver National Bank contended chain store competition would be fair and most dollars return to the community through wages and purchases.
MENTIONED IN THIS ARTICLE
Denver
Col
American Institute of Banking
E. V. Krick
American Trust Company of
San Francisco
Clark G. Mitchell
Denver National Bank
Ich
Mitchell
Tax Free in Ohio Investment Securities
The Procter and Gamble Company common stock and The Irwin Ballmann Co. list taxable charges at Mes. 328 330 and 332 Walnut St in Ohio.
MENTIONED IN THIS ARTICLE
Ohio
Investment Security
Mes
Walnut St
Local Market Tracks Losses on Cincinnati Stocks
In a third straight new low day for the Cincinnati stock exchange, industrials fell to an average around 39.5 with a 1.01 drop. brokers doubt deeper declines, expecting support to halt forced selling. American Laundry led declines. P and G and Kroger drove heavy selling while utilities stayed in demand and Cincinnati Street Railway, Kodel, and Gibson Arts posted gains.
MENTIONED IN THIS ARTICLE
Cincinnati Stock Exchange
Nnse Teetewee Amrad Corporation
Balwin Piano
Seraeneee
Carey
Philip
Sapo Netaene
Central Trust
Champion
Ween Churngold Corporation
Cincinnati
Eeeenees
Seneeernen
Aeneenwene
Cincinnati Gas and Electric
Ateedannes
Seneenewee
Waneenery CN
N.O
Besskseelms
Cincinnati Street Railway
Bell Tel
Cincinnati Union Stockyards
Cssseees
Seeweeenee City Ice and
Coca-Cola
Cohen
Col Railway Power and Light Ist
Aone
Ates Deena Sane
Cooper Corporation
Seteeee
Rrvers
Crosley Radio Corporation
Wee Aanerees
Ie Crown
Seeeeenne Kahn’s Sons Part A
Kelley-Koett
Eenreeteeesteseee Rens
Sebenesees
Kroger Groc
Lazarus
Seeereseeneerreee
Lunkenheimer
Seeeeeners
Charseseets Pebiese Riate Steeeeneee Manischewitz
Ohio
Easenewnee
Asl
Iadenkonns Tds Bacgaly
Caste Psesstanes Amo Paragon Refining
Eeeeeteee Reneeag
Weneeeenes Aeebenenee
Eenweeeens
Seeanereneeae
Pearl Market Bank
Er Oteoares
Suhti Tenes
Eeseneeens Vanvesen
Sane Enwer Ee
Richardson Paper Co
Sayers & Scoville
Aon
Anneteaeeerensen
Eweeaten Lene
United States
Aco
Western Bank & Trust Co
Henneene Reneeeeweees
Faterees
E Weeekene
New York
American Laundry
Kroger
U Utilities
Kodel
Gibson Arts
Turpentine and Rosin Market Report Savannah June 18
Turpentine firm 40,a41 shows sales 722 receipts 1,067 shipments 570 stock 10,277. Rosin firm 2,806 sales 3,179 receipts 610 shipments stock 101,410. Price quotes list bid ranges from B to X with varying figures.
MENTIONED IN THIS ARTICLE
Turpentine and Rosin
Savannah
Turpentine Firm
Rosin
Cincinnati Averages Shows Stock Decline At New Low
Twenty representative stocks quoted with high, low, and close figures. The day records a net decline of 1.01 with a new low for 1930. Data compiled by Weistheimer and Co. Averages noted as 39.018 on a line of figures.
MENTIONED IN THIS ARTICLE
Weistheimer & Co
Shift of Funds in Day's Trade Shows Large Movement
Banks remained busy as December mid month dividends and interest adjustments boosted bank clearings and local brokers readjusted accounts in New York. Money supply remained ample with rates at 5 to 6 percent and some lenders calling loans amid collateral revaluations. West Coast stocks fell with nine new yearly lows, Transamerica and Bank of California leading declines.
MENTIONED IN THIS ARTICLE
L. A. Parrish
Stock Exchange
New York
Austria
Belgium
Bulgaria
Canada
China
Hongkong
Czecho
ATI
Esksdalvitesidecbpetsses
Fico Pseceecessen Cers
CROCE
Poland
Zloty Seoneeneten
Rumania
Sciasi di
Switzerland
TIB EV
Argentina
Brazil
Uruguay
Venezuela
West Coast
San Francisco
Transamerica
Bank of California
Standard of California
Union Associates
STANDARD OIL STOCKS AND MONEY RATES REPORT
New York June 18 call money steady at 2 1 4 to 2 3 4 percent for day loans time loans firm with 30 days 2 1 4 to 2 1 2 percent 60 days 2 to 3 percent 90 days 8 1 2 percent four months 8 1 4 to 9 1 4 percent five months 3 1 4 to 8 1 2 percent sixth months 3 7 8 percent prime commercial paper 1 8 1 4 percent bankers acceptances unchanged.
MENTIONED IN THIS ARTICLE
New York
Dow-Jones
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NEW York Stock Exchange
Pillsbury
al Pitts
Pitts Screw & Bo.t
Pitts Steel
Pittston. CO
Poor & CO Sterrsserveese
Port Am T
Prairie Oil & G
Pub Ser NJ
Vows Bay
Pullman
Punta al
Radio Corp
Teeveee
Radio
Keith-O Io
Raybestos-Man
Reading Co
Hake
Reis & Co
Ing Rand
Reynolds Metal
Russia
Royal Dutch S
Safeway Stores
Joseph Lead Naeeenes
L San Fran Encesee
St UL South
Savage Arms
Schulte Retail
Seaboard A
Seagrave Weenes
Sears Roebue
Second Nat Inc
Seneca
Eeeeee
Servel Inc
Sharon St Heeteeees
Sharpe & Dohme
Reaeeeereeneenees
Shattuck
Shell Union Feeeteeseees
South Dai
Southern Pac
Southern Rail
Spalding
Spencer Kell
Spicer Mfg Haneeneennenes
Spiegel May Stern
G & el Stensecees
Stewart Warner
Stone & Web
Studebakerates O
Sunil
Tex Pac C & O
Do Land Trust
Thompson
Thompson (Jr
Transue & Willseeeee
Tri-Cont Corp
Truax Tracr
Twin City RT
Underwood Elliott
Union Bag
Ptenes
Union Carbide
Union Oil Car
Union Pacific
United Biscuit
United Carbon
United Corpane Eeneaewenee
United Fruit
United G & S
United Paperboard
U S Freight
U S Pipe & Fay
U S Real & Im
U S Rubber Oe
U S Smelt & R
U S Steel
United St A
Vick Chemical
Va el & P
Dae Wabash Ry
Walworth Eeene
Warner Piet Cses
Warren. Bros
Fd & P. Teseee
Webster
Federal Board
The
Procter and Gamble
Irwin-Ballmann Co
Isaac H. Schwartz
Local Stock Exchange
Pacific
Westingh Air
Seit West el & Mfg
Pee Weston el. Ins
Wernt
Westvaco Chl
Wextark Radio
White Motor
Worth P & M
Wrigley Jr Seneeeeneetnes
Yale & Towne
Young Sh & Tu
Standard Oil Stocks
W. E. Hutton & Co
High Atlantic Refining
Humble Oil
National Transit
Prairie Pipe
Cal
Ind
Kan
N. J
NEW York Bank
Ask
Ch’ge
Amnctcir
Bankers
Feepe Newness
Empire
Western Bank and Trust Co
Member
Federal Reserve System