HISTORICAL HEADGEAR
SILK HAT THAT SENT UP
STOCKS.
LONDON, 26th January. The "Daily Express" financial correspondent says that Mr. Macdouald's silk hat will live in history as one of the most, potent pieces of headgear ever created, since it sent up the prices of stocks and shares.
The rise began with gilt-edged securities as soon as it was known that Mr. Macdonald had donned a silk hat to go to Buckingham Palace. The rise continued all the week.
Bears, counting upon a fall when the new Government took charge, sold stocks which they did not possess,- oxpectfnj: to buy at lower prices later on, but arc now forced to buy on a rising market.
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Bibliographic details
Evening Post, Volume CVII, Issue 23, 28 January 1924, Page 7
Word Count
114HISTORICAL HEADGEAR Evening Post, Volume CVII, Issue 23, 28 January 1924, Page 7
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