New York, Dec. 28.
Stock prices in Wall Street to-day took one of the worst tumbles in weeks. A wave of gloom enveloped the market as traders rushed to sell, and, at the close, most of the market's recovery since the middle of October was wiped out. Leading issues fell as much as five points, while many. touched new lows for a year or longer. The primary cause was Assistant Attorney General Robert H. $0.0 Jackson's speech which started fears that the Government might be contemplating a "Trust Bursting" attack. Steel production has touched the lowest level since September, 1934, at 19 per cent, of the Nation's capacity, while the poorness of the motor industry is indicated by the General Motors President's announcement that as from January 1, 1938, employment in the Company's plants over the' whole country will be reduced by 30,000 persons, owing to business recession, and plants will only operate three days a week until conditions improve. The turnover amounted to 2,380.00 shares.
Text read from the printed page and cleaned; old type leaves the occasional error.