WALL STREET SCARED.
DOLLARS FOR EUROPE
“WILL NEVER COME BACK.” NEW YORK, March 2G. On Wall street, prices again tobogganed to-day, many stocks reaching new low levels for this year. “Wall street is badly scared,” says Mr Arthur Brisbane, chief leader writer for tho Hcarst newspapers, “because of tho blunt statements mado by Senator Smoot, during tho recent discussion in Congress on the Italian debt settlement proposals. Speaking as head of the Senate Finance Committee, Senator Smoot declared that many foreign bonds held by American investors would not bo paid. Billions of good American gold dollars have gone to Europe, and will never eomo back,” adds Mr Brisbane.
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Bibliographic details
Manawatu Standard, Volume XLVI, Issue 108, 7 April 1926, Page 8
Word Count
108WALL STREET SCARED. Manawatu Standard, Volume XLVI, Issue 108, 7 April 1926, Page 8
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