HEAVY SELLING
New York Stock Exchange REACTION TO WAR REPORTS (By Telegraph.—Press Assn.—Copyright.) (.Received May 14, 6.30 p.m.) NEW YORK, May 13. Three heavy selling waves swept over the Stock Exchange today and stocks broke over eight, points, touching the lowest levels since September. Some "specials” are down 13 points. It is estimated several billion dollars of stock’ commodity values have been wiped out. Even war stocks have declined sharply. 'Traders have focussed their attention on re|M>rted German successes against the Allies and rumours that Italy has decided, to join Germany. Simultaneously fears have spread regarding the United Stales' position in the Pacific on account of the East Indies. The foregoing has overshadowed n favourable domestic business situation. Sterling closed at,the day's low level of 3.154 dollars to the £.
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Dominion, Volume 33, Issue 196, 15 May 1940, Page 12
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129HEAVY SELLING Dominion, Volume 33, Issue 196, 15 May 1940, Page 12
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