HARRIMAN'S INTERESTS
A HUGE COMBINE FINANCIERS AGREE TO PREVENT “BEAR” RAIDS. SUPPORTING THE MARKET. Br Telegraph—Press Association— Copyright (Received September 12, 5.5 p.m.) NEW YORK, September 11. Big money interests in New York have combined to prevent “bear” raids upon the Stock Exchange as a result of the deatli of Mr Edward H. Harriman, the .“Railway King.” Included in the combination are John D. Rockefeller, J. Pierpont Morgan, tile First National Bank, Kuhn Lpcb and Co. (a great Gorman banking house in New York), Speyer and Co. (another big banking firm), James Stillman (director of tho Union-Paci-fic and other railways), and Henry C. Frick (a member of tho Carnegie Steel Company and director of various other companies). Tho combination will continue until it is certain that tho Harriman interests arc in safe and capable hands. It is reported that the combination has guaranteed five millions sterling for the purpose of supporting the market. Following on this the chief Harriman stocks rose 6 to 12 points. MR HARRIMAN’S INFLUENCE. WIDESPREAD INTERESTS. NEW YORK, September 10. During Mr Harriman’s illness crowds of reporters watched his house, and railway stocks fluctuated violently. Mr Harriman virtually controlled 85,000 miles of railway, representing £600,000,000 sterling, of capital, and in addition had a voice in the management of 40,000 miles belonging to other systems.
An article dealing with the life of the late financier appears ou page 8.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/NZTIM19090913.2.37
Bibliographic details
New Zealand Times, Volume XXXI, Issue 6921, 13 September 1909, Page 5
Word Count
232HARRIMAN'S INTERESTS New Zealand Times, Volume XXXI, Issue 6921, 13 September 1909, Page 5
Using This Item
Stuff Ltd is the copyright owner for the New Zealand Times. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in