LONDON SHARE VALUES
BIG PRICE FALLS (Rec. 9 p.m.) LONDON, February 19. Millions of £’s were wiped off share values in London yesterday—their biggest one-day fall in three and a half years. For days the prices have been drifting downwards. Yesterday a small amount of selling turned the drift into a dive. The biggest price falls were in Government stocks. War Loan plunged 22s 6d. At one time there was an alltold loss of £21,000,000 in market value.
The main reason for the slide, according to the “Daily Express,” was fears that the Chancellor of the Exchequer (Mr R. A. Butler) might take tough action to curb signs of inflation.
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Press, Volume XCI, Issue 27589, 21 February 1955, Page 11
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110LONDON SHARE VALUES Press, Volume XCI, Issue 27589, 21 February 1955, Page 11
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