QUICK-TIME FORTUNES.
In times of frenzied gambling on the New York Stock Exchange fortunes have been won and lost within a few minutes. Some years ago Mr Joseph Hoadley made some £200,000 in five minutes, and four times as much during the day, at a time of panic on the New York Cotton Exchange, when prices went up 10 to 20 points at a time. A few months earlier Mr Theodore Price is said to have cleared £IOO,OOO in five minutes,,and £50,000 in the succeeding half-hour through a Bensational rise in the price of cotton. In an action against Mr Joseph Leiter it was stated that Messrs Jacob Astor, Cornelius Vanderbilt, and Hoadley lost £ 600,000 in a sinle day in Wall street. In his fight against the Standard Oil Trust, Mr T. W. Lawson lost £BOO,OOO within a few hours on copper; in 1868 Jay Gould was four million dollars poorer for four minutes' gamble in gold; and Mr J. D. Rockefeller was credited some years ago with clearing a million pounds sterling by less than an hour's lucky speculation.
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Press, Volume LVIII, Issue 17633, 9 December 1922, Page 3
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180QUICK-TIME FORTUNES. Press, Volume LVIII, Issue 17633, 9 December 1922, Page 3
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