WALL STREET GAMBLING.
| PBR PKESS ASSOCIATION. | Received 11, 1.8 a.m | New York, MHy 10^ Tho efforts of Mr. E. H. Harrison, Chairman of the TJoion Pacific Railroad Company, and the Kuhu eliqua to wrest the Northern Pacific railroad from the Pierpont Morgan and J. J. Hill group of pp<- culatore caused an unparalleled panic on Wa'l-street. North Pacific shares were sold heavily, shortly ro'ulring in an extraordinary "bo»r" sque ze. Th y jumped from 160 to 1000, causing a s'urap in all other , stosks. Stindiu-d OlCimpan/ slums declined 101 points aud other s'ocks ]lO 060 p-iintt«. The slumping n,a' kot 'rallied when leading operators agroad i.ot to enforce immediate de'ivery of i Northern P:-o- : fics, which clcs.-d at 500, I though neither tlm coiner in the sharp*' jnor the question of control of the laii-tro-d is yet ended. Recivecll!, 4.39 pm : j New Yobk, May 10. I j The Kuhu and Morgan groups have | bath agreed to re'esss those who sold , Northern Pacific railroad bhares short. 1 In is estimated that fifty million dollars I were lot ovßr the de*ls. Confidence I has now been restored.
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Taranaki Daily News, Volume XXIII, Issue 100, 13 May 1901, Page 3
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186WALL STREET GAMBLING. Taranaki Daily News, Volume XXIII, Issue 100, 13 May 1901, Page 3
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