Article image
Article image
This article displays in one automatically-generated column. View the full page to see article in its original form.

HOW A WOMAN MADE £120,000.

STOCK MARKET COUP. Whkx the French financier Pochette was wrested recently a number of outside, brokers and others interested in the stock markets, who had been anticipating the event and had combined for that purpose, immediately sold heavily all the stocks in which Pochette was interested, forming a sort of "bear" syndicate, with -the intern'tion of buying back later on to cover their sales at a price at least 50 per cent, lower. Then it was that all the slocks went down to a few francs each. A few days later, to the surprise and astonishment'of the "bear" syndicate, Ilia various stock's in which Pochette was interested began to improve in price, and at) the settlement recently the;'" War*" found themselves short in their calculations by a sum of £120,000, so that, instead of making a large profit, they have lost heavily. It is now stated on good authority that, the originator of the move which led to. the unexpected improvement iu price was M'mo. Pochette herself. Immediately'' oil hearing of '.husband's arrest she returned from Biarritz to Paris and met some of her husband's business associate*.She learned of the "bear" selling, and at once decided on action. She realised on everything she could, and with £100,000 thus obtained gave orders to numerous jobbers-, outside brokers, and other market intermediaries to buy for cash on "spot" term:- for immediate delivery as many of each of the principal different kinds of shares as the means at Iter disposal would allow. She devoted special attention to the shares which'were most threatened. While the newspaper reporters were huntins,' for her high and low, she sat in a little office for lour boms every day giving he? orders for the day's market, and anxious!? watching the rise of prices on the impulsion of her cash purchases. The result became clear" in the discomfiture of the "bear" syndicate, and when she met her husband outside the invesli- . gating magistrate's room ami throw herself weeping into his anus, she was able to tell him that she had made £120,000 for him through her shrewdness in forcing the "bear" syndicate to deliver to her agents at a. much higher price than they had sold, while at the same time her action had tended to allay and limit the- shareholders' panic.

This article text was automatically generated and may include errors. View the full page to see article in its original form.
Permanent link to this item

http://paperspast.natlib.govt.nz/newspapers/NZH19080523.2.86.38

Bibliographic details

HOW A WOMAN MADE £120,000., New Zealand Herald, Volume XLV, Issue 13757, 23 May 1908, Supplement

Word Count
388

HOW A WOMAN MADE £120,000. New Zealand Herald, Volume XLV, Issue 13757, 23 May 1908, Supplement

  1. New formats

    Papers Past now contains more than just newspapers. Use these links to navigate to other kinds of materials.

  2. Hierarchy

    These links will always show you how deep you are in the collection. Click them to get a broader view of the items you're currently viewing.

  3. Search

    Enter names, places, or other keywords that you're curious about here. We'll look for them in the fulltext of millions of articles.

  4. Search

    Browsed to an interesting page? Click here to search within the item you're currently viewing, or start a new search.

  5. Search facets

    Use these buttons to limit your searches to particular dates, titles, and more.

  6. View selection

    Switch between images of the original document and text transcriptions and outlines you can cut and paste.

  7. Tools

    Print, save, zoom in and more.

  8. Explore

    If you'd rather just browse through documents, click here to find titles and issues from particular dates and geographic regions.

  9. Need more help?

    The "Help" link will show you different tips for each page on the site, so click here often as you explore the site.

Working