Salt Lake Telegram | 1933-10-19 | Page 12 | Selling Wave Drops Stocks

SELLING WAVE DROPS STOCKS Decline Follows Early RaIly 1 I to Point 4 Losses Predominate NEW YORK Oct Oct 19 Sl broke in a minute last selling sig w WI Thursday and many leading iu touched new fleW lows for th the movement after having havig rallied substantially the early afternoon Te The lafe lt Ip was Wi attributed partly to the te touch tuc oj Ing ng off ar of a number of impaired margin mar rn gin accounts Losses Lse of 1 t to t mr- mr 4 ci ii j more points predominated in i a heY closing cosIng Transfers approximated shares wire Equities again were affected bj by by conflicting influences and bewildered traders switched positions frequent l ly Iy Stock trading volume expanded sharply on the declines and slowed low down noticeably during the inter intermittent buying flurries I Shares that finished off of 4 01 to around 5 points included Union Pacific U U. S. S Industrial Alcohol Allied Chemical Auburn American Commercial Al AI cohol Western Union and Delaware 6 Hudson Among issues down 1 to to more than 3 were U. U S. S St Steel J W Westinghouse West West- Santa Fe Fc General Moton Moto Loews Loew's American Smelting Du Pont POll Baltimore Ohio National D lers Jers was wa up nearly 4 points at cue c time before belore succumbing to general eral liquidation V