News from 1930: Tuesday, September 23, 1930: Dow 222.78 -7.07 (3.1%)
A pound sterling is 113 grains of fine gold and nothing else. … Apparently the chamber wants a pound which is something else” so that scarcity of gold won’t depress prices, and to overcome limits on bank credit imposed by the gold supply. … Scrap steel price strength has historically been useful leading indicator since it’s a raw material for steel production. Bulls believe current break can still be explained on technical grounds; if Aug. support around 217 holds, …
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News from 1930: Tuesday, September 23, 1930: Dow 222.78 -7.07 (3.1%)
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