Start 1861: I Just Inherited the Dutch Throne
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? Humph, 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, Lionel Rothschild gave an order, and 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.
By continuously purchasing shares of the parent company of Halle, Vanderbilt gradually took control of the operating rights of the Haarlem Railway. Unexpectedly, no one stopped the acquisition by the largest Dutch entrepreneur.
This is a bit abnormal. The Rothschild family has obviously been in turmoil recently, but now it has stopped? 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. I have to say that this old guy Vanderbilt's qualifications and experience are enough to surpass the 9999/10,000 or more in New York City." People, at least in terms of business.”
Pietrete Morgan held the secret information in his hand, which was passed on by a New York City Council member they supported. He had to accept it and sighed: "The parent company of Halle wants to reduce the annual income of the operator Eio Line. 10% is turned over to the New York City Government.
This trick is really impeccable. As a 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. I think there will be something more exciting later. "
"Yes, you should learn more from behind and understand the working style of these big business families. It will be very good for you."
"Yes, father"
On October 10, 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 per share, but by October 25, 1868, the price had skyrocketed. The rise to $116 was good news for short sellers, who sold like crazy and waited for Hallam's stock to plummet.
Among these short-sellers was Daniel Drew, the famous Wall Street "cattle trader" who was a director of Haller's parent company. However, bad news came for Vanderbilt.
On the afternoon of November 5, the New York City Council went back on its promise and suddenly canceled the Broadway bus line operating rights awarded to Halle’s parent company one month ago, which directly caused the stock price of Halle’s parent company to plummet to $70. Wall Street short sellers Ecstatic and hopeful, Halm stock fell further the next day.
By this time, many people realized that 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 promise.
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 American city council. He was even ready to appeal to the United States. Municipal councils in each state set a positive example by enacting their own codes of conduct, not the other way around.
Clearly, the Dutch-born president is on the verge of anger.
But this time, different voices expressed dissatisfaction.
On November 7, 1868, a congressman from Philadelphia stated that he did not accept the president's statement. He said, "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 is not here." Parliament’s dictation is the most important thing for the president to abide by.”
Obviously, this was a challenge to President Andrew's authority, but this guy happened to speak clearly and clearly, and he even spoke clearly and clearly based on the American Constitution. It would be difficult for President Andrew to suppress him too much, because this would cause a group effect.
Therefore, in the end Andrew had no choice but to give up official pressure.
When many people saw this, they even thought that Vanderbilt had nothing to do and was about to face the decline in the stock of Haller's parent company. However, what was unexpected was that the next day, the stock of Haller's parent company did not fall but fell. It rose and quickly rebounded to $97, reaching $106 on the third day.
This has attracted the attention of all of North America and even Europe.
Many people in the Morgan family and the Rockefeller family were shocked.
After that, they all quickly understood the situation.
After learning the real reason, they were all 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 the most famous Harrar parent company in the United States has made it difficult for him not to worry about it.
"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 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 Haller parent company's pass tickets for delivery.
Since the shares of Haller's parent company are now in the hands of "Captain" Vanderbilt and others, the speculators doing short selling can only pass Vanderbilt's hands to buy the stock, and there is no other way. Naturally, the price of Hallam's stock was firmly controlled by captain Vanderbilt.
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 operation rights of the Broadway bus line in the city to the parent company of Halle.
Vanderbilt also gave them a favor, letting the city council members go and agreed to lower the stock price to $84.
But for the short-selling speculators on Wall Street, Vanderbilt showed no mercy, allowing the stock price of Haller's parent company to skyrocket to $180 before the short-selling speculators were able to close their positions.
At this point, Vanderbilt bought a controlling stake in the Harlem Railroad Company, making him famous on Wall Street.
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