FINANCIAL PANIC
DELHI, October 30. The financial panic in Western India continues.
The crisis is due to the peculiar methods in share dealing on the Bombay Stock Exchange, where the price of certain shares has been 'kept at an artificial level by a broker named Jehanghir Dalai. He is unable to meet the efforts of a combination against him, and he has failed for 2,500,000 rupees. Many brokers are ruined.
Azizebrahim, the premfer pearl merchant, has failed for 1,000,000 rupees, anrl several cotton and grain merchants at Karachi have failed for large sums.
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Otago Witness, Issue 3112, 5 November 1913, Page 25
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93FINANCIAL PANIC Otago Witness, Issue 3112, 5 November 1913, Page 25
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