The Archive · 1923

PHILIPPINE OFFICIAL'S SPECULATIONS

Gen. Wood's Son's Success in Wall Street Deals Manila, Dec. 27.

Lieut. Oskeorne C. Wood, son and Aide-de-Camp of the Governor-General, has admitted that he made G$700,000 of G$800,009 speculating in Wall Street' by cache. Governor-General Wood has made his son discontinue operations, which are regarded as legitimate but as_ affording grounds for gossip. Lieutenant Wood began by investing in the Standard Oil Ca. of New Jersey on a small scale, which rose 60 points last year, enabling him to make further ventures. He made considerable amounts in exchange, but denied having any Philippine investments. Lieut. Wood is 26 years of age.—Reuter's Pacific Service.

Text read from the printed page and cleaned; old type leaves the occasional error.

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