Wall Street Slides On Inflation Fears And Policy Clash
U S stock markets endured their sharpest drop since 1929 with blue chips and growth stocks tumbling as investors offloaded shares across the nation. Analysts blamed speculative excess and policy tensions, while Dr. Walter Heller urged optimism about growth despite the decline. Estimates of total losses varied, and NYSE president Keith Funston said the fall did not signal a calamity.
MENTIONED IN THIS ARTICLE
New York Stock Exchange
Keith Funston
London Stocks Plunge On Heavy Selling At Any Price
London share prices tumbled today as frantic selling at any price erased hundreds of millions from market values after Wall Street's crash yesterday. Loss estimates reach up to £9,385 million with sharp declines also in Swiss and West German markets.
MENTIONED IN THIS ARTICLE
Wall Street
London
A.A.P
London Stock Exchange
Switzerland
West Germany
Banks Buy Big Stock Blocks Amid Global Market Selloff
Banks purchased large blocks of shares with emergency funds to stem a slide on the London Stock Exchange and across Zurich Paris Milan Amsterdam Brussels Tokyo. Leading glamour stocks fell up to 30 percent as banks and authorities attempted stabilisation amid widespread selling and renewed concerns.
MENTIONED IN THIS ARTICLE
Paris
Milan
Amsterdam
Brussels
Tokyo
30 000 Pound Bank Heist In Melbourne
Police investigate a major bank theft in Melbourne’s Flinders Lane area. More than 50 strong boxes broken into the loss expected to exceed 30 000 pounds with untraceable notes and silver. Thieves entered via a side door using jemmy tools and may have used a vehicle to remove the loot.
MENTIONED IN THIS ARTICLE
Melbourne
Flinders Lane
Russell Street
A. von Bertouch
Victoria of the
A. Hank
Jemmy
Premiere of Boydtown musical staged at Albert Hall
Composer Tom Glynn and writer Val Pettersson chat with Miss Eileen Boyd at the Boydtown premiere. Miss Boyd is Benjamin Boyd's nearest relative through her grandfather Captain Joseph Boyd, who was his first cousin.
MENTIONED IN THIS ARTICLE
Boydtown
Tom Glynn
Val Pettersson
Eileen Boyd
Albert Hall
Miss Boyd
Benjamin Boyd
Capt
Joseph Boyd
Eight Aust Jets Fly Into Thailand Ahead of Border Duty
Eight Australian jets are due to fly to Udon near the Laotian border where they will be stationed. Laotian left wing forces near Houei Sai threaten the Thailand border as U.S. reports confirm allied contingents in place.
MENTIONED IN THIS ARTICLE
Thailand
Udon
Vientiane
Houei Sai
U.S
Mekong River
Singapore
Garfield Barwick
Doubts On U.K. Future In Common Market Expansion
Sydney report says British economists fear some European members may resist the minimum guarantees Britain seeks to shield Commonwealth exports. Dr. Coombs, returning from three weeks in Britain, Europe and the U.S., notes a view that widening the Common Market could undermine its purpose. He reports Australia’s financial standing remained strong.
MENTIONED IN THIS ARTICLE
Sydney
B ’ E BR Coombs
Britain
Coombs
Unites States
Australia
Canberra builders labourers threaten direct action over strikes
Forty university area labourers threaten direct action if Printing Office strikers' demands are not met at today’s compulsory conference called by G A Findlay. Strikers seek 50 shillings a week over award pay, while current builders receive 16 shillings less than tradesmen.
MENTIONED IN THIS ARTICLE
University
Printing Office
Government
Clementson
Commonwealth Conciliation and Arbitration
G. A. Findlay
Master Builders Association
Builders Labourers Union
Clementson Pty, Ltd
Boy Dies After Fireworks Injury In Sydney
A three year old boy from Chatswood, Gordon Tickner, died in a Sydney hospital after a sky rocket injury received while watching a boy scout bonfire last Thursday. The incident occurred as he watched the display with other youngsters.
MENTIONED IN THIS ARTICLE
Sydney
Gordon Tickner
Chatswood
Also Mentioned on This Page
New York
Washington
Kennedy
Walter Heller
Tonday
New York Times
Courtaulds
LCL
Zurich
DR. Coombs
Bangkok
A.a.p.reuter
Seato Pawawei Thailanal
Reuben Tucker
U.S. Army
Laos
iHouei Sai
Philippines
SEATO
United States
New Zealand
RAAB
Butterworth
Malaya
R.A.A.F
G. Hartmnell
R.A.A.F. Hercules
Richmond
Ubol
Butherworth
Garfield
Saigon
Buttterworth
Williamtown
U.K
A.W.A
Yarralumia Dam
Canberra
Findlay
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