PANIC IN WALL STREET.
PROSECUTION OF FINANCIAL MAGNATES BRINGS DIRE RESULTS.
United Press Association—Copyright
NEW YORK, August 12. There Have been further heavy liquidations. The general level of prices in Wall-street- is below that' of the panic of the 14t-h March, declines on the day ranging from 2 to 5 points on most active stock. Twenty representatives of railroads show an average loss of 7 dollars a share since Judge Landless’ judgment on August 4th. New York central railway and some others are falling below tlie prices of the panic of May, 1901. Some authorities consider tlie strained condition of the money market is the underlying cause of the liquidation, but chief influence to-dav was Bonaparte’s (Attorney General), announcing the prosecution of E. Harriman and his associates in connection with t-lie Chicago-Alton revelation.
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Bibliographic details
Gisborne Times, Volume XXV, Issue 2157, 13 August 1907, Page 2
Word Count
133PANIC IN WALL STREET. Gisborne Times, Volume XXV, Issue 2157, 13 August 1907, Page 2
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