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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.

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

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

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