INDIAN FINANCIAL CRISIS.
SEVERAL SERIOUS FAILURES
(Received Oct. 31. 0.15 a.m.)
Delhi, Oct. 30
The financial pi.nie 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 the broker Jehanghir Dalai.
The latter was unable to meet the efforts of a combination against him, and failed for two and a-half million rupees. Many brokers were ruined, and Aziz Ebrahim, the premier pearl merchant, failed for a million rupees. Several cotton and grain merchants at Karachi also failed for large sums.
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https://paperspast.natlib.govt.nz/newspapers/TC19131031.2.29.5
Bibliographic details
Colonist, Volume LVI, Issue 13846, 31 October 1913, Page 5
Word Count
102INDIAN FINANCIAL CRISIS. Colonist, Volume LVI, Issue 13846, 31 October 1913, Page 5
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