In the sweltering heat of Baltimore’s October 25, 1858, the city’s Stock market witnessed a most intriguing development – the sudden surge in Northern Central Railroad shares. The day saw a brisk trade of 1450 shares sold, a staggering 50 cents per share higher than the previous Saturday’s prices. This unexpected boost left the market abuzz with speculation. The recent impressive performance of the Northern Central Railroad had undoubtedly contributed to the price hike, sending shockwaves throughout the financial community.
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Key Facts
- State: Maryland
- Category: Financial Crimes
- Era: Historical
- Source: Library of Congress — Chronicling America ↗
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