RAILWAY MAGNATE'S COUP.
Received March 8, 7.39 a.m. LONDON, March 7.
The Daily Telegraph states that Mr E. H. Harriman and his friends, by forcing shares in the Reading Railway Company, from 114 to 125 on the New York Stock Exchange yesterday, made several millions sterling profit. The Daily Mail reports that on the eve of Mr Harriman's coup, some two million Reading railway shares were flung away at panic prices. Stockholders' losses during the past two days aggregated £20,000,000.
The Mail adds that it was essentially a rich man's panic, the public remaining indifferent.
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https://paperspast.natlib.govt.nz/newspapers/WAG19070309.2.13.19
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Wairarapa Age, Volume XXIX, Issue 8376, 9 March 1907, Page 5
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95RAILWAY MAGNATE'S COUP. Wairarapa Age, Volume XXIX, Issue 8376, 9 March 1907, Page 5
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