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Chapter 439 Stock Competition: Short Selling or Buying?

"Playing stocks, do these Dutch people really think that I won't dare to fight with you in New York? Huh, although the first developers of New York were Dutch, don't forget, the winner takes all, it's too early to say anything."

In London, England, after Lionel Rothschild gave an order, many people in the Commonwealth of America began to pay attention to the stock of Haller's parent company.

Beginning on October 3, 1868, Vanderbilt began to continuously buy shares of Haller's parent company on Wall Street.

Bert, who was here, controlled the operating rights of the Haarlem Railway by continuously purchasing shares of the parent company of Halle. Unexpectedly, no one stopped the acquisition by this largest entrepreneur of Dutch descent.

This is a bit abnormal. The Rothschild family has obviously been in turmoil recently, but now it has died down? It shouldn't be.

So after many people saw that Vanderbilt had obtained the operating rights, they actually started working to obtain the operating rights for the bus lines on Broadway Street in New York.

When William IV saw this, he suddenly felt something in his heart. It seemed that he had discovered something, so he called McShane and gave him instructions, then whispered: "This time, the tail is about to appear."

On October 10, 1868, some anti-Dutch media outlets began to publish news that Vanderbilt had bribed New York City Council members in order to acquire New York bus lines. Many media even reported that in addition to bribing New York City Council members, they believed it.

-bribe.

But it was quickly extinguished.

Within the Morgan family.

Juniors Morgan sighed: "Look, this is a veteran. It has to be said that the qualifications and experience of this old guy Vanderbilt are enough to surpass more than one ten thousandth of the people in New York City, at least in terms of business.

Such"

Peterte Morgan held the secret information in his hand, which was sent to him by a New York City Councilman whom they supported. He had no choice but to be convinced and sighed: "The parent company of Halle wants to reduce the annual income of the operator Eio Line.

10% will be turned over to the New York City Government. This trick is really impeccable. As your New Yorker, no one will object to this configuration. I have to say that Vanderbilt really has an insight into human nature.

However, father, those guys from the Rothschild family are not easy to deal with, and I think there will be more exciting things to come."

"Yes, you should learn more about the behavior of a big family in the future. It will be good for you."

"yes"

.......

On October 15, 1868, the New York City Council approved the Broadway bus line plan of Haller's parent company. Previously, the price of Hallam Railroad stock was only $50, but by October 25, 1868, the price had soared to

At $116, this was good news for short sellers, who were selling like crazy, waiting for Hallam stock to plummet.

Among these short-sellers was Daniel Drew, the famous “cattle trader” on Wall Street, who is a director of Haller’s parent company. However, bad news for Vanderbilt came. On the afternoon of November 15, New York City

Congress went back on its word and suddenly canceled the Broadway bus line operating rights granted to Halle's parent company a month ago, which directly caused the share price of Halle's parent company to plummet to 70 US dollars. Wall Street short sellers were ecstatic and waiting with hope.

Halm stock fell further the next day.

By this time, many people realized something was wrong.

President Andrew even met with New York City Hall officials to express his dissatisfaction.

Many capitalists in New York City have used their own channels to understand why the city council went back on its word.

Andrew even stated at a dinner at the White House that he felt that the city council should not do things that would harm his reputation. Such things should not happen in the great council. He is also preparing to appeal to city councils in every state in the United States.

Set a positive example by practicing your own behavioral standards, not the other way around.

Obviously, the Dutch-born president has reached the edge of anger.

But this time, different voices expressed dissatisfaction.

In 1868, a congressman from Philadelphia stated that he did not accept the president's statement. Each level of parliament has its own position. We do not want administrative officials to interfere in the operations of the parliament. This is an act beyond their authority. The president should not dictate to the parliament. This is what the president should abide by.

matter.

Obviously, this was a challenge to President Andrew's authority, but this guy just said it in a matter-of-fact way, and Andrew didn't mean to be overly suppressive.

Because this will cause a group effect.

Therefore, in the end, Andrew had no choice but to give up official pressure.

When many people saw this, they already thought that Vanderbilt had nothing to do and was about to face the decline in the stock of Harle's parent company. However, what was unexpected was that Harlewood did not fall but rose instead the next day.

It quickly rebounded to $97 and reached $106 on the third day.

This attracted the attention of all of North America and even Europe.

Many people in the Morgan family and the Rockefeller family were shocked.

Then quickly understand the situation.

After learning the real reason, everyone was stunned.

How could they do this?

Randy family.

As the Secretary of State of the United States, Blish is busy with his affairs, but the recent stock incident of Haller's parent company, the most famous incident in the United States, is something that he cannot help but worry about.

"Vanderbilt actually chose to do the opposite and use his own money to buy out these people's short sales when others were short selling. This is really too courageous."

It turns out that when the largest shareholders and stock holders of Haller's parent company were Vanderbilt and his friends, as long as the short sellers were willing to continue selling their Hallam shares, they had enough rent in the bank to

Pay for these shares.

According to the rules of futures short-selling trading, when the short-selling contract expires, short sellers can only purchase Halle parent company's votes for delivery. Since at this moment, the shares of Halle parent company are as if "Captain" Vanderbilt and others

In the hands of other people, the speculators who were short-selling could only pass Vanderbilt's hands to buy the stock. There was no other way. Naturally, the price of Hallam's stock was firmly controlled by Captain Vanderbilt.

In the hands of Birt.,

Among these short-selling speculators were some city council members. Seeing that the situation was wrong, in order to please Vanderbilt, they re-approved the right to operate the Broadway bus line in the city to the parent company of Halle.

Vanderbilt also gave them a favor and let the city council members go. They agreed to lower the stock price to $84.

But Vanderbilt showed no mercy to the short-selling speculators on Wall Street, allowing the stock price of Haller's parent company to skyrocket to $180 before the short-selling speculators were able to liquidate their positions.
Chapter completed!
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