Fortunes Made In Minutes
LONDON, Sept. 19 (Rec. 10.45 a.m.). —Shouting masses of stockbrokers and speculators in gold shares blocked the streets and roads in the stock exchange area today. Fortunes were made in minutes, amid the craziest scenes witnessed in London’s financial hub since before the war.
Long lanes of traffic were at a standstill as speculators, waving papers, milled about in jostling, shouting crowds. South African gold shares were hoisted as much as 63 per cent, over the pre-devalua-tion levels. One broker is known to have made a profit of hundreds of thousands of pounds. He had been accumulating gold shares for a year in the hope of devaluation.
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Greymouth Evening Star, 20 September 1949, Page 5
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111Fortunes Made In Minutes Greymouth Evening Star, 20 September 1949, Page 5
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