PANIC BUYING REPORTED
I (N.Z.P.A.-
- Reuter .
Change In Rassian Currency I Believed Imminent
Copyright)
Received Friday, 9.35 a.m. WASHINGTON, Dec. 4. The Acting Secretary of State Mr. Robert Lovett, officially confirmed today that the State De^ pal'tment was in possession of reports that "panic buying" is going on in Russia, and that devaluatioi. or changes in Soviet currency are ;scheduled to be made tomorrow Mr. Lovett made these disclosures before the Senate Appropriations Committee, and said he hac I cabled the Moscow Embassy for a . full account. J Soviet officials in Washington are denying any knowledge of the ireports, but the belief is that they have considerable substance. Neither Mr. Lovett nor 3ther informed quarters ventured a view as to thi; significance of the developments. 1 Most of the buying is reported j to have centred on such things as I jewellery, rare books and anything ' with a physical and possibly a con- ; tinuing value.
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Bibliographic details
Chronicle (Levin), 5 December 1947, Page 5
Word Count
155PANIC BUYING REPORTED Chronicle (Levin), 5 December 1947, Page 5
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