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This newspaper page contains 11 articles. Subscribers can read the full text of each article.
Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Jun 23, 1930
Page
17
A compact note outlines a volatile period on Wall Street with rapid swings in prices and frequent trading action. Analysts attribute moves to shifting investor sentiment and sector rotations as traders seek bargains amid uncertain earnings signals.
Stock prices on the New York Stock Exchange declined through last week with the Fisher index down to 126.2, about 7.5 percent above November 1929, then fell further on Thursday and Friday. The week saw broad losses across groups including office equipment, stores, building supplies, and copper, while radio, tobacco, machinery, and electrical equipment showed relative strength. Overall turnover dipped, and investment stocks fell 6.5 percent, with the market dependent on weekly shifts in leaders and price-weighted indices.
New Haven Conn June A stock market snapshot shows fluctuating investor sentiment with weekly indices around 140.1 on June 14, about 35 above the November crash low. The piece compares 1930s declines with 1929 crash patterns, noting selective group performance, earnings expectations, and the gradual recovery outlook amid recession. It discusses price levels, buying power, and comparisons to past bull markets and panics, highlighting cautious optimism for long term investment.
A Houston broker was killed in Mexico on a Saturday shooting near Correcn Mexico. Wessendorf, brother-in-law Garner, and Wersendart are named in the report as involved in a dispute with a former employee. Garero of McClinig and Garrow are referenced as principal figures in the incident.
Angeles, June 23. Reducing voyage time from six to four and a half days, an ultra modern luxury liner will ply the route between Los Angeles and Honolulu, announced by the Los Angeles Steamship Company.
A utilities company report details Del Rio laborers as 76.9 percent Anglo and 12.1 percent Mexican with 2 percent other groups. The survey notes 1769 workers counted and describes the labor pool composition and availability.
By B. C. Forbes. The piece argues that the current economic storm will end soon, with a coming recovery in agriculture and industry. It notes a drop in stock prices and commodity prices, then highlights the Federal Reserve rate cut and Chicago and Philadelphia responses as signals of easier money, predicting revived confidence, production, and growth as investors gain courage.
New York notes ice boxes were used on the Byrd Antarctic expedition and kept food from freezing. the equipment proved essential in extreme cold and heat management during the voyage.
Moscow dispatch reports the Communist party claim for 1920 first quarter growth by 271000 expanding total to 1 500 000. The source text also contains garbled fragments about editorial inserts and unrelated phrases.
June 23 report says Kraul Jury indicts Ryder, partner in Woodyand Company brokerage, on first degree larceny charges as the firm collapses with losses estimated at 3 to 5 million dollars. Ryder allegedly used 95,070 from Equitable Molding for non delivered stocks. heat rooms and other items noted in court filings.
A mishmash report from Chenbouarg France on June 23 describes Alfred Clark an Englishman drowning from a pier while awaiting a steamer. C Herring of the United States battleship Arkansas reportedly jumped in to rescue. Clark was arrested.
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