New York, Mar. 29.
Hundreds of millions of dollars in the market valuation of securities were wiped out on the New York anc Stock Exchange to-day when prices plunged one to eight points toward 1932 levels. cla Heavy selling poured into the market from all sections of the country and some foreign liquidation, Particularly from Amsterdam. was noted. Short selling increased and many weakened margin accounts were thrown overboard.
Trading was the second most active in the year, tickers being taxed to keep up with the actual market. Transactions totalled 1,720,000 shares against 1,250,000 yesterday.
All sections of the list were hard hit, but many of the boom days "blue ips," including U. S. Steel, American Telephone, and Westinghouse Llectrie appeared under particular sure—United Press. japan tax Gains Tokyo, Mar. 30. Government taxation revenue for the 1936-37 fiscal year increased Y.90,- 300,000, according to a report by the Finance Ministry to-day. The increase was attributed to military industrial prosperity—Domei.
Text read from the printed page and cleaned; old type leaves the occasional error.