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This newspaper page contains 7 articles. Subscribers can read the full text of each article.
Newspaper
Atlanta Constitution
Location
Atlanta, Georgia, United States of America
Date
Sep 11, 1908
Page
3
A bold polemic argues that stock gambling corrupts society led by a crusading figure. It depicts financiers, clergy, and judges as complicit and claims a new force, National Stock, will disrupt the System, dominate markets, and reform or replace current practices through massive influence and profits.
A historical account describes the Guggenheim family controlling the American Smelting Trust and their plan to connect with National Stock, portraying the brothers as honest stewards while detailing mining wealth, direct-from-mines procurement, and the pursuit of power in North American metallurgy.
A narrative on stock manipulation surrounding American Smelters, detailing an advertising drive by National Stack to boost purchases as System plungers bet against the stock. The piece claims immense potential profits for National Stock, describes short selling, and envisions vast future audience reach and investor turnout to push Smelters upward.
Boston September 9 1908 stock market query asks why a gambler would purchase 1000 shares of System stock at Union Pacific 165 and post a £15000 margin, risking loss on any of its frequent 15 point drops. The reader seeks an intelligent answer to the gamble.
The speaker defends margin trading and urges stock gamblers to buy National Stock rather than System stocks. He argues a 10 point profit or $10,000 is less favorable than buying 30,000 shares at $2 to sell at $4 for a $60,000 gain, with minimal risk to a $15,000 margin. He cites CLCl & Co advertisements and National Stock arrangements.
New York September 10 The cotton market surged during the day but closed barely steady with a net drop of 2 to 4 points. Trading showed 226000 bales, with early gains eroded by favorable southern weather and heavy selling from bears. Prices for October around 8.97, traders noted exporters’ demand and a mixed southern spot picture. Liverpool and New Orleans reports echoed caution as futures opened steady then drifted.
Market mood turned sharply against recent gains with a rapid slide in prices. Key actions included American Locomotive dividend news and a rise in loan rates, while reactions in Harriman related stocks influenced broader movement amid mixed foreign exchange signals and treasury data.
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