INDIAN FINANCIAL PANIC
BIG FAILURES REPORTED
.UNITED PRESS ASSOCIATION—COPYRIGHT]
(Received Oct. 31, 12.15 a.m.) DELHI, Oct. 30. The financial panic in Western India continues.
The crisis is due to the peculiar methods of share dealing on the Bombay exchange where the price of certain shares was kept at an artificial level by a broker named Jehanghir Dalai. The latter was unable to meet the efforts of a combination against him andi failed for two and a-half million rupees. Many brokers are ruined, and' 4 Azize, the Brahmin premier pearl merchant, failed for a million rupees. Several cotton, and grain merchants a.t Karachi failed for large sums.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/GIST19131031.2.26
Bibliographic details
Gisborne Times, Volume XXXVII, Issue 3477, 31 October 1913, Page 5
Word Count
106INDIAN FINANCIAL PANIC Gisborne Times, Volume XXXVII, Issue 3477, 31 October 1913, Page 5
Using This Item
The Gisborne Herald Company is the copyright owner for the Gisborne Times. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of the Gisborne Herald Company. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in