UNFORGETTABLE YEAE
LOSSES ON THE STOCK
EXCHANGE
(By Telegraph.—Press Association.)
(Received 24tn December, 10.30 a.m.) ' LONDON, 23rd December.
"The Daily Express" says the London Stock Exchange and the investing public alike will welcome the end of 1929. No year within memory has been fraught with such disasters as this.
The year's depreciation of stock share values must amount to upwards of £500,000,000 sterling. The public has lost at least £20,000,000 on wild cat industrials, and it is estimated that similar losses will result from the Hatty crisis and other disasters, which will include the Nersag affair, the terrific slump in American stock values, and depreciations of the Inveresk paper group, Royal Mail Steam Packet, and its allied companies.
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Evening Post, Volume CVIII, Issue 152, 24 December 1929, Page 12
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118UNFORGETTABLE YEAE Evening Post, Volume CVIII, Issue 152, 24 December 1929, Page 12
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