WAVE OF FEAR
UPSET IN STOCK MARKET STRONG NEWSPAPER CRITICISM United Press Association—By Electric Telegraph—Copyright (Received September 22, 12.49 a.m.) LONDON, September 21. “Nothing has happened except another wave of illogical fear,” declares the city editor of “The Daily Telegraph" commenting on the market break. The international situation looks less tense and the trend of industrial activity in Britain and America should continue upward, unless the stock market hysteria checks it. The great body of British investors are fortunately keeping their heads, and they can find every justification for so doing in the daily list of impressive increases in dividends. The City Editor of “The Times” says: “There is reasonable hope that when America has recovered from her attack of “jitters,” fundamentally sound business conditions will reassert an influence. The United States is such an important consumer in commodities, that they are also depressed by Wall Street’s behaviour.”
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Bibliographic details
Timaru Herald, Volume CXLIII, Issue 20839, 22 September 1937, Page 7
Word Count
148WAVE OF FEAR Timaru Herald, Volume CXLIII, Issue 20839, 22 September 1937, Page 7
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