AMERICAN FINANCIERS.
FIGHTING THE GOVERNMENT. SHARP DECLINES IN WALL STREET PRICES. Received August 12, 9.44 p.m. NEW YORK, August 12. A further heavy liquidation on Saturday carried the general level of prices in Wall Street below that of the panic of March 14th, the declines on the day ranging from two to five points on the most active stocks. Twenty representative railroads showed an average loss of seven dollars per share since Judge Landiss' judgment on August 4th, the New York Central Railway and some others falling below the prices of the panic in May, 1901. Some of the authorities consider that the strained condition of the money market is the underlying cause of the liquidation, but the chief influence of the day was due to Mr Bonaparte, the Attorney-General, announcing the prosecution of Mr E. H. Harriman and his associates in connection with the Chicago Alton revelations.
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Wairarapa Age, Volume XXX, Issue 8510, 13 August 1907, Page 5
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148AMERICAN FINANCIERS. Wairarapa Age, Volume XXX, Issue 8510, 13 August 1907, Page 5
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