WILD SCENES IN WALLSTREET
GREAT FALL IN COTTON
GERMANS MAKE TREMENDOUS
PROFITS.
(KEUTER'S TELEGRAM.)
(Received February 2, 1.30 p.m.}
NEW YORK, Ist February.
There was great excitement on the stock market following on the publication of Germany's Note, and the wildest scenes since the beginning of the war occurred.
Cotton was demoralised, and March contracts dropped 25 dollars per bale, and subsequently broke 500 points, which was the greatest break in the history of cctton. United. States steel sold below par. Railway and steamship stocks suffered severely, but rallied two to ten pointe.
The customers of a prominent German Chicago brokerage firm had been selling short for ithe past ten days, an apparent certainty that something was happening,.and made tremendous profits.
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Bibliographic details
Evening Post, Volume XCIII, Issue 29, 2 February 1917, Page 8
Word Count
121WILD SCENES IN WALLSTREET Evening Post, Volume XCIII, Issue 29, 2 February 1917, Page 8
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