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Lost Heavily On The Stock Market

Lost Heavily On The Stock Market image
Parent Issue
Day
28
Month
April
Year
1893
Copyright
Public Domain
OCR Text

James M. Ashley, i--., vice-president of the Toledo, Ánn Arbor and Northern Michigan railroad, lost $ 100,000 on the New York stock market this week. He had bought a large nuraber of shares in the Ann Arbor road, on a margin. The stock tümbled from 38 on Monday morning to 18 'on Tuesday, f reezing AsWey out, the large number of shares thus thrown upon the market aiding greatly in depressing the stock. An attachment for $10,875 and another for 4,568 has already been obtained against his property, and Ashley puts his total loss at $100,000, ut says that the road is in no way involved in his transactions.

Article

Subjects
Ann Arbor Argus
Old News