THE WALL STREET CRISIS.
(pER PRESS ASSOCIATION. —COPYRIGHT.)
New York, May 10,
The efforts of E Ho.rrison, chairman of the Union Pacific Railway Coy, and thp Kuhn clique to wrest the Northern Pacific Railroad from the Pierport Morgan and tho JJ Hill group of spectators caused an unparalleled panic in Wall Street. North Pacific shares were sold heavily short, resulting in an extraordinary boar squeeze. The shares jumped from 160 to 1000. causing a slump in all other stocks. The Standand Oil Company’s shares declined IGI points, and other stocks from 10 to 60 points. The slumping market rallied when the leading operators agreed to not enforce immediate delivery of the Northern Pacific’s which closed at 500, though neither the corner in shares nor the question of the control of the railroad is yet ended.
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Greymouth Evening Star, Volume XXXI, 11 May 1901, Page 3
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135THE WALL STREET CRISIS. Greymouth Evening Star, Volume XXXI, 11 May 1901, Page 3
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