STOCK EXCHANGE SCARE.
HEAVY LOSSES IN NEW YORK. NEW YORK, May 34. There urns to-day the wildest break on the Stock Exchange for years. The lieavy liquidation was based on wholly unconfirmed rumours that Italy had decided to enter the war, coupled with an equally unconfirmed report that Hitler u-as planning to offer the Allies peace terms, which might be accepted. Hundreds of millions of dollars in values were wiped out. the losses averaging five points. War and peace issues “old frantically. Sterling closed at 3.20).
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Manawatu Standard, Volume LX, Issue 142, 16 May 1940, Page 9
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86STOCK EXCHANGE SCARE. Manawatu Standard, Volume LX, Issue 142, 16 May 1940, Page 9
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