MACDONALD’S HAT
POWERFUL INFLUENCE PREMIER’S HEADGEAR WILL LIVE IN HISTORY. CAUSES RISE OF SHARES. Bv Telegraph.—Press Assn —Copyright. Australian and N.Z. Cable Association. (Received January 27, 4.40 p.m.) LONDON, January 26. The “Daily Express” financial correspondent says that Mr Macdonald’s silk hat will live in history a 9 one of , the most potent pieces of headgear ever created, since it sent up the prices ... of stocks and shares. The rise began with gilt-edged securities as soon as it was known that Mr Macdonald had donned a silk hat to go to Buckingham Palace. The rise continued all the week. Bears, counting upon a fall when the new Government took charge, sold stocks which they did not possess, expecting to buy at lower prices later on, but are now forced to buy on a rising market.
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Bibliographic details
New Zealand Times, Volume LI, Issue 11738, 28 January 1924, Page 8
Word Count
135MACDONALD’S HAT New Zealand Times, Volume LI, Issue 11738, 28 January 1924, Page 8
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