“BLACK MONDAY.”
' LONDON STOCK EXCHANGE. LONDON, Nov. 23. The News-Chronicle’s financial writer says it was a black Monday for the Stock Exchange, which suffered its worst day of the depression period prices. Nearly all stocks shared in a remissioiiiess slide, some of the worst affected being stable, well-managed companies. Consols fell 10s to £75 12s 6d and war loan 5s to £lOl. The market value of the shares of 20 representative companies with a paid-up capital of £180,000,000 slumped by £28,000,000, representing a fall of £250,000,000 from the highest prices touched in 1937.
Nobody could explain the severity of the slump, though the Wall Street drop may have influenced' it.
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Bibliographic details
Manawatu Standard, Volume LVII, Issue 305, 24 November 1937, Page 9
Word Count
110“BLACK MONDAY.” Manawatu Standard, Volume LVII, Issue 305, 24 November 1937, Page 9
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