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Newspaper
Winchester Evening Star
Location
Winchester, Virginia, United States of America
Date
Dec 10, 1928
Page
4
Shipping and subscription details show the Winchester Evening Star as a daily paper except Sundays with various advance rates. Consolidations include Morning News Item and several weekly papers. Rates listed cover six months, three months, one month, and a weekly option.
The Associated Press reserves exclusive rights to republication of all news dispatches and local news published herein whether credited or not.
The Virginia Horticultural Society holds its annual three day meeting in Winchester inviting apple growers and fruit industry interests to attend. It notes past successes including cedar rust control basket rate reductions and progress on interstate freight rate relief, urging membership and urging attendence beginning tomorrow.
Over three days leading industrial stocks on the New York Stock Exchange fell sharply. Market specialists estimate about four billion dollars wiped from paper profits on Thursday and Friday of last week, with Saturday’s session nearly as bad and some shares dropping as much as 72 dollars in the short market.
The piece notes a market crash ending a period of inflated prices and broad public speculation. It cites a Texas investor who grew $1,000 to about $25,000 before losing most profits and returning home poorer. It argues the shake-down will deter speculative gambling and urge people to work for gains.
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