HUGE STOCK GAMBLING.
>(' THE BOOM ON WALL STREET, j NEW YORK, September 15. i The Morgan, Rockefeller and Dupont groups have reaped millions in the in-; creased valuation of their war stocks j during the present boom. It is conservatively estimated that at lea s st 10,000,000 dollars represent the week's profit. j Smaller investors have made respectable fortunes during the week. One j speculator ran 1500 dollars into 100,000 ;• by operating in General Motors con-1 gistently. . :'.lt is believed that one reason for the present boom is the general bulling sentiment'fostered *'for the purpose of facilitating the disposal of the recent British war credits floated by the Morgan interests. Many small investors were caught short and are facing ruin.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/AG19160918.2.26.1
Bibliographic details
Ngā taipitopito pukapuka
Ashburton Guardian, Volume XXXVI, Issue 3557, 18 September 1916, Page 5
Word count
Tapeke kupu
120HUGE STOCK GAMBLING. Ashburton Guardian, Volume XXXVI, Issue 3557, 18 September 1916, Page 5
Using this item
Te whakamahi i tēnei tūemi
Ashburton Guardian Ltd is the copyright owner for the Ashburton Guardian. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Ashburton Guardian Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in