STOCK GAMBLING
WILD BREAK IN WALL STREET BASED ON UNCONFIRMED RUMOURS. HEAVY LOSS OF VALUES. By Telegraph—Press Associaiion —Copyright. NEW YORK, May 14.’ There was the wildest break on the Stock Exchange for years. The heavy liquidation was based on wholly unconfirmed rumours that Italy had decided to enter the war, coupled with an equally unconfirmed report that Hitler was 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 sold frantically. Sterling closed at 3.20 J.
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Wairarapa Times-Age, 16 May 1940, Page 5
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97STOCK GAMBLING Wairarapa Times-Age, 16 May 1940, Page 5
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