Wall Street – Sharp market decline

Wall Street searched in vain in the news developments for a tangible excuse to explain the violent reaction in the American markets to-day, and in the absence of anything better, attributed the severe decline to the technical position which favored successful bear raids. It was admitted that the refusal of the Bankers´ Conference in Paris to consider a German loan at time was probably an inspiration for bearish operations, but as the stock market was unresponsive to the calling of the conference that was not expected to take much notice of its adjournment. ….

The Daily Telegraph

London, Greater London, England 13 Jun 1922