Chapter 468: Stock market outbreak

Carnegie Standards United Steel and American Steel seem to be the steel giants of the United States, but they are actually very different internally. Carnegie Standards United Steel, even if it is to get rid of the tenth of Carnegie's remaining shares, the Sheffield and Rockefeller's shareholdings can also be controlled steadily and will not be impacted.
The American Steel Company is more complicated. As the largest banker, Morgan is leading a large number of financial institutions and investors. Spelling out such a steel giant, the Morgens occupy less than one-tenth of the other, other Shareholders are countless, and internal management is not difficult.
Morgan can stabilize the situation, which does not mean that other shareholders can be calm in the face of the upcoming stock disaster. Moreover, now that Morgan is not in the country, even if the small Morgan takes action, it must be a fire in the banking field. So when JPMorgan was fighting fires in the banking sector, it was just right to open up a second battlefield at this time.
From the very beginning, Sheffield was almost made a man by Morgan Sect. If the time was not under the Chinese Exclusion Act, the first Southern Electric would fail. What else is there today, from 5 years to now, it has been 12 years In the past, slave owners should always repay Morgan's gratitude.
As for Carnegie Standards United Steel Corporation, because this is a listed company, it is also inevitable to be affected. It is impossible for the stock market to plummet, and its own company is not affected. The slave owner ’s worth has fallen by eight figures in the past few days. Is it still alive and continue to operate, the industry is in, the stock value of that thing, and it will only be a retail jump.
The living habits and contacts between the north and the south of the prison are different. Among these retail investors, the Yanji people must have more than the Dixie people. The slave owner never felt that there would be a zero casualty, and he himself was spared.
The newspapers of Sheffield ’s media are addressing all citizens of the country with unprecedented enthusiasm. The first thing to determine is the cause of this financial crisis. It is the civil war of a group of Wall Street bankers. Many contradictions in the banking industry were exposed to everyone.
When major bankers in New York went all out to deal with the run, this kind of public opinion had swept the country. This time the slave owner was even more serious than the election. When the Democratic and Republican parties launched the national election, he did not let all the newspapers under his banner. Fighting public opinion, but this time without reservation.
Sheffield is the main supporter of the Democratic Party, but that is after all a matter between parties. He can't seem to be in the charge of his campaign, but this time is different. If this crisis is used well, it will really benefit greatly, and the two cannot be the same.
Even if Wall Street quelled the run on the run, then it will be discovered that the battle inside Wall Street has been made known to the world by Sheffield. The Chicago Daily Times will report on the origin of this crisis every day. The wording is unprecedented. Strict, "The greedy bankers have caused the majority of citizens to lose their blood. Every bankrupt bank has lost most of its savings."
In all fairness, at this particular time when this run-up wave broke out, the newspapers made this kind of report, it did not seem to be fueling the fire, but it was because the fire was already on fire, even if the newspaper under the slave master now calls for calm It ’s too late, because everyone knows that many banks ’reserves are less than 5%. In other words, others are waiting in line to withdraw money, and if you do n’t go, 100% of your deposit will disappear with the bankruptcy. If you go to the line, There is a 5% chance to get back your deposit.
Now this run of money has swept all banks. At the beginning of the run of money, major trust companies faced a turbulent crowd, and the funds in their hands passed at an unexpected rate. These were taken away by cash depositors, many people think Banks will be more secure, at least the reserves in many New York banks have started to rise, and even reached 40% of the accounts.
But then the run-off was out of control, and the bank was treated like a trust company before, especially Morse and Heinze told the newspaper that the bank's reserve was only 25%, and most of it was only 5%. After that, all the banks were put on the untrusted list by citizens.
The bank ’s speculative obstruction of the trust company, after Morse and Heinze broke their faces and exposed the inside of the industry, everyone knows that two days have spread throughout the country.
Although Jr. Morgan believed that his father had boarded the ship, the situation had evolved beyond imagination. He could not wait for the return of Morgan, and directly called the members of the Morgan Alliance. What did he think about the emergence of this crisis.
During the period, many members naturally complained that this was not a controllable crisis, but was facing the danger of losing control quickly. Moreover, because Heinze and Morse had slammed the media, many people already thought that this was Infighting in the financial sector caused this crisis.
The members of the Morgan Alliance don't know. Is it exactly what many citizens of New York think so, and is it outside of New York? Almost all citizens of the country already think so, and banks everywhere are bankrupt.
It took a long time for Morgan to stabilize the members of the Morgan Alliance. After all, everyone in the financial field is still the most professional group of people. They should not panic about the current situation. They will come forward to represent their father tomorrow and appease the market.
It wasn't until late at night that Little Morgan dragged his tired feet to sleep, and there was a person who was faster than him. This is Morse who came from Chicago Starry Night. The stocks of Tennessee Mining and Iron Company appeared early the next morning The sell-off, and then explosive news about Tennessee Mining and Iron Corporation shares spread throughout the exchange. The owner of Tennessee Mining and Iron Corporation is a banker who has closed all banks in Morse.
Once this news spread, it immediately caused panic in the stock market. On the other hand, Blair closely followed the stock market's movements, practiced Sheffield's bullish and bullish deployment, and purchased shares of Tennessee Mining and Iron Corporation at a low point. Someone immediately releases the remaining stocks, killing all the speculators who dare to take orders.
After several consecutive attempts, no one dared to take over the shares of Tennessee Mining and Steel Corporation. Steel stocks began to violently shake up, and soon an unconfirmed news came from the exchange. Carnegie Standards United Steel Company already had voices about layoffs.
This unconfirmed news is about a company that is one of the two giants in the steel industry, but it has a more significant impact on another company. American Steel Corporation, which has far exceeded the Carnegie Standard United Steel Corporation The American Steel Company was originally a carrier that Morgan found for the financial industry, and its importance to the stock market far exceeded the companies controlled by Sheffield and Rockefeller.
Within three hours, Tennessee Mining and Iron Manufacturing Company ’s stocks have been slashed, American Steel ’s stocks have fallen by a quarter, all steel stocks have fallen, and the exchange has been mourning.
"Let William answer the phone!" Rockefeller Jr. said to Edith Rockefeller in a stern tone. "What the is he going to do, he has money to the right of his left hand? Do you know how much the steel company's stock has fallen? This Who will bear the loss? "
Little Rockefeller didn't know that Morse had already got seven cheats from slave owners, and stood up to use Tennessee Mining and Iron Manufacturing Company to lead the steel stocks plunge. But Rockefeller Jr. knew another thing. Sheffield is now in Chicago if Carnegie Standards United Steel wants to lay off staff.
"How do you talk to me!" Edith Rockefeller shouted angrily, "You noticed the speculation of the copper mines of Heinze and Morse tomorrow morning, but you deliberately guided them into the market, since you It ’s already hidden. What did William do wrong? Are you talking about it? "
"My dear, don't talk to John like this, he is your brother." Sheffield was sitting right beside Edith Rockefeller, extended her finger and tapped Edith Rockefeller's shoulder, and the woman hooked her finger after turning back. Instructed to do one side, and then moved his buttocks to sit at Edith Rockefeller's position and said, "John, Edith is not intentional, I will discipline her well, what are you doing?"
Rockefeller Jr. was robbed white by his sister and felt her head staring at the stars. She heard Sheffield ’s voice better. She settled and asked,
Do you know that the market value of the steel company has fallen by more than 20 million.

"The company's total market value is more than 400 million, and more than 20 million is only 6%." Sheffield looked relaxed. "My subordinates haven't told me yet. Now I probably know it."
"You are too much, even if I concealed my previous enmity with Heinze, you should not not talk to me. How do I say that I am also a member of the Rockefeller family, Carnegie Steel Company, we invested together to invest in shares, not you For one person, we spent a lot of money to buy shares, and we all took out real gold and silver. "Rockefeller Jr. said," What purpose do you have, at least to tell me, this is not the attitude of a partner. "
"John?" Sheffield just wanted to speak, but her free hand was dragged by Edith Rockefeller to help Sheffield trim her nails. She was stunned by the woman's move before continuing. "I am not with Edith." Have you communicated, is she not a member of the Rockefeller family? As for my purpose, let me talk about your purpose first. The call is to question me? "