IN THE PIT.

Evening Post, Volume LXXIII, Issue 129, 1 June 1907, Page 14

IN THE PIT.

The recent frenzied gambling on the New York Stock Exchange recall many similar stories of mad speculation, when fortunes have been won, and lost within a few minutes. It is but a shoit time since Mr. Joseph Hoadley mado £200,000 in five minutes, and four times as muchduring tho day, at a time of panic on tho Now York Cotton Exchange, when prices we«t up 10 and 20 points at a time; 'a few months earlier Mr. Theodore Price is said to have cleared £100,000 in five minutes, and £50,000 in the succeeding half-hour through a sensational rise in the price of cotton ; and in an action agairu>t Mt. Joseph Leite, it was et.it-ed that Messrs. Jacob Astor, Cornelius Vanderbilt, and Hoadley lost £600,000 in a single day in Wall-street. In his light against the Standard Oil Trust, Mr. T. W. Luwson lost £800,000 within a, few hours on copper ; in 1868 Jay Gould wai» four million d'ollirs poorer for four minutes' gamble in gold; and Mr. J. D. Rockefeller was credited about two years ago, with clearing a million pounds s-terl-ing by less than an hour's lucky speculation*