FINANCIAL PANIC IN INDIA
TO WHAT THE CRISIS IS DUE. MANY BROKERS RUINED. (By Telegraph.— Press Association.— Copyright.) DELHI, 30th October., The financial panio in Western India continues. The crisis is due to the peculiar methods of share-dealing on tho Bombay Exchange, where the price of certain shares has been kept at an artificial level by a broker named Jehanghir Dalai. The latter, unable to meet the efforts of the combination of forces operating against him, failed for two and a-half million rupees. Many brokers are ruined. Aziz Ibrahim, the premier pearl-merchant, failed for a million rupees, while several cotton and grain merchants in Karachi failed for large sums.
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Evening Post, Volume LXXXVI, Issue 106, 31 October 1913, Page 7
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109FINANCIAL PANIC IN INDIA Evening Post, Volume LXXXVI, Issue 106, 31 October 1913, Page 7
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