The Philadelphia and
As a result of this announcement, stock in the company dropped 16 ½. The company was obliged to pay parties in
back a borrowed $600,000. The stock
recovered appoint or so and ended the day at 23. New York
The company had been the largest producer of anthracite coal from 1871 through the 1920s in the nation. Its parent company was the Philadelphia & Reading Railroad.
On This Day is a prompt I started this month to further explore historical events.
© Jeanne Ruczhak-Eckman, 2015