WALL STREET: Cave of the Winds

U.S. investors have long taken a poor and antisocial view of the prospects of peace. Last week, once again, peace rumors sent the stockmarket into a four-day tailspin that left it three points lower than it was after the last big piece of good news—the "surrender" of Italy. Up & down Wall Street's cave of the winds went gusty rumors, each dizzier than the last. Gusts:

> When Lord Halifax said "anything may now happen," Wall Street stressed the now.

> The Whaley-Eaton Service prefaced its weekly foreign letter with: "An armistice has been requested...

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