Several recoveries were started, Dut there was lack of support and prices fell back each time for heavy When the Exchange improved, the Curb showed a tendency to be: come quiet correspondingly.
Prominent bankers said that today will probably prove the worst of the current crash period. They expect buying to start before long, ona basis of the present highly favourable prices Gall money was renewed at 5 per, cent, this morning, apparently with design to assist the market to et on its feet once more. Together with reports of good general business, this was favourable to the credit situation.
Oct. 29, Attention of the entire United States is centered upon the New York Stock Exchange, where prices to-day continued to fall in spite of the heaviest banking support ever offered.
'Three' million shares were sold daring the course of the first half-hour this morning. At noon the sales exceeded 8,000,000 shares, giving promise of a new record topping last week's mark of 12, '894,650 shares for a day's trading.
Other stock exchanges through-lout the country acted in similar fashion.
Transamerica Corporation stock [dropped 303 points to a quotation lof 32 overnight, whereupon trad-ting in that issue was suspended upon the opening of the San Fransisco Stock Exchange but wa resumed an hour later.
The firm of John Bell & Company, brokers, has failed, Oct. 29, Renewed weakness of the Stock Exchange to-day unsettled sugar exchange prices, which declined six points on the early trading. Moderate activity was manifested:
Wall Street operators with Positions liquidated in to protect their holdings upon the Stock Exchange—United Press.
Washington, Oct. 29, Officials believe that the declines registered pon the New York Stock Exchange ang other markets will not reach general business.
'Most observers, however, express! keen desire to' sce readjustment attained quickly instead of proving a Jong-drawn-out and painful affair—United Press.
Text read from the printed page and cleaned; old type leaves the occasional error.