MUSHROOM FORTUNES
WILD SPECULATION IN WALL STREET BIG HAUL BY MONEY KINGS Australian-New ZeaJand Cable Association, New York, September 15. The Morgan Rockefeller Du-pont groups liavo reaped millions .iu increased valuation of their war stocks during the present! boom. It is conservatively estimated that at least) 10,000,000 dollars represents tboir week's profit. Smaller investors made respeotable fortunes during the week. One speculator ran from 1500 dollars to 100,000 dollars by playing General motors consistently. It is believed that one reason for the present boom is tho general "bulling" sentiment fostered for tho purpose of facilitating the disposal of recent, British war credits floated by the Morgan interests. Many small investors have been caught short, and are facing ruin.
[The c&blo news in thiß issue accredited to the London "Times" has appeared in that journal, but only where expressly stated is such news the editorial opinion ol "The Times."!
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/DOM19160918.2.21.7
Bibliographic details
Ngā taipitopito pukapuka
Dominion, Volume 9, Issue 2879, 18 September 1916, Page 6
Word count
Tapeke kupu
148MUSHROOM FORTUNES Dominion, Volume 9, Issue 2879, 18 September 1916, Page 6
Using this item
Te whakamahi i tēnei tūemi
Stuff Ltd is the copyright owner for the Dominion. 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 Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in