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Heavy selling on the stock market shocks New York trading
New York June 4. Seven years of gains ended as prices broke wide open after a period of strength. Early gains gave way to losses across most sectors with heavy liquidation amid rumors of a Federal Reserve statement and a large increase in member loans. Radig Corporation, International Telephone and Victor Talking Machine moved sharply lower as markets turned cautious.
MENTIONED IN THIS ARTICLE
York
Theew York Stock Exchange
Federal Reserve’ Board
Stock Exchange
Radig Corporation Common
International Telephone Company
International Telephone
Victor Talking Machine