British Securities Drop £50,000,000
(Rec. 11.35 a.m.) LONDON, August 13.
The Daily Telegraph’s financial correspondent estimates that at least £50,000,000 was knocked off the market value of British Government securities today in the heaviest blow giltedged stocks have suffered since the crisis broke a fortnight ago.
Old consols and Treasury 74 per cent, stock (“Daltons”) fell 35s to the new low level of £Bl. With no support by buyers the prices fell. Foreign as well as British holders had another bout of nervous selling.
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Greymouth Evening Star, 14 August 1947, Page 7
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84British Securities Drop £50,000,000 Greymouth Evening Star, 14 August 1947, Page 7
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