Salt Lake Telegram | 1934-05-05 | Page 1 | Heavy Selling Slumps Stocks

HEAVY SELLING SLUMPS STOCKS Losses Run as High as 4 a aShare Share Share Ticker Falls Falls' Behind Behind Be- Be hind Trading NEW YORK May 5 The W-The e stock market encountered some most active selling in weeks toda today Several issues lost 1 to 2 a snare and a few as much as 3 or 4 Trading was wasso so active that the ticker fell Cell behind several minutes at times Selling started in the alcohol issues and spread to most other groups although some ot of the silver issues were higher on news President dent Roosevelt had conferred with representatives of at the congressional silver bloc en route to New York Wan Voll street attributed the setback principally to indications of some seasonal sea sea- recess recession on in industry usually expected at this time Some gloom was manifest let In brokerage circles over the passage of the Ray Fletcher burn bill by the house late yester- yester day