Panic selling on the Stock Exchange today slashed securities' values by billions of dollars in the widest break probably recorded since 1932. Sales were near the four million share mark, and the tickers were late most of the day. War and peace stocks, alike, and best investment shares were dumped.on emotional selling, influenced by unconfirmed rumours: firstly, aly was entering the war secondly, the King of Italy had abdicated; and, thirdly, Herr Hitler was proposing peace. which the Allies were accepting, Stocks:—Were again heavy sold as al kinds of wild rumour spread through the market. Howeve a sharp rally is likely to develop at any time, and if the weakness persists on Wednesday morning, we believe that trading opportunities will be available, but obviously this is no time to risk becoming over-extended.
July 1065 10.70—5
Text read from the printed page and cleaned; old type leaves the occasional error.