STOCK MARKET REACTIONS

Press, Volume LXXIII, Issue 22196, 13 September 1937, Page 9

STOCK MARKET REACTIONS

NERVOUSNESS IN WALL

STREET (Received September 12, 7.30. pjm.) NEW YORK, September 10. The Stock Market suffered another sharp decline, prices dropping from one to 25 points, and again closely approaching 1929 conditions. Market price losses totalled 1,500,000,000 dollars, making the week's losses 3,000,000,000 dollars. The fundamental reason for the heavy liquidation is not immediately apparent. The fear of war is discounted as a possible cause, and intimations of current domestic business conditions for the coming autumn are considered unsatisfactory. Wall Street at present is extremely nervous. DAMAGE TO FOREIGN PROPERTY I JAPAN DENIES LIABILITY TOKYO, September 10. It is understood that in a verbal reply to British and American warnings regarding the liability for damage their nationals might suffer in Shanghai, Japan denies liability on the principle that the Chinese are the aggressors. PREPARING FOR LONG WAR TOKYO, September 10. Prince Fumimaro Konoye. president of the House of Peers, expresses the opinion that the war will not end in 1937. Japan must budget for 1938 on the basis of the worst eventuality. y