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, 1 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 £100,000 in five minutes-and £50,000 .In the succeeding half-hour through a sensational, rise in the price of cotton. In an action against Mr. Joseph Loiter it was stated that Messrs.. Jacob Astor, Cornelius Yanderbilt, and Hoadley lost £600,000 in a single day in Wall Street. Li Jus fitrht arainst tho Standard Oil trust Mr. T. W. Lawson lost £800,000 within a few hours on copper; in IS6B Jay /Gould was four million dollars poorer for four minutes' gamble in gold; and Mi-. X 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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Bibliographic details
Evening Post, Volume CIV, Issue 150, 22 December 1922, Page 21
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181QUICK-TIME FORTUNES Evening Post, Volume CIV, Issue 150, 22 December 1922, Page 21
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