Page 1 Advertisements Column 5

Gisborne Times, Volume V, Issue 77, 6 April 1901, Page 1

A Wellington writer states Wool speculators have been badly handled by ! the markets during the past fifteen months. Money was made in 1899, but there have been considerable losses since. There were heavy failures in France, in England, and the Argentine, and recent advices show that one or two leading fellmongers in New South Wales have had to go under. New Zealand dealers have not escaped loss, but as yet there is no public announcement of any failures in the trade. Some Southern speculators are reported to have made large losses. A bank official, who bore a high reputation in a certain branch bank in the North Island, got' into sad trouble lately, owing to a shortage in the till, and he was lucky to get out of the scrape ■with mere dismissal. The bank people exercised leniency, and fell back on his guarantee for refund. It now.'transpires that the misguided official used the money to release his mother’s.iproperty from the clutches of a moneyggnder whose rate' of interest wfts little slfiort of scandalous. The woman did not, apparently, know where her son got the money from-to pay the usurer off; her property is free, but at what a cost I—Free Lance,