FINANCIAL CRISIS
Press Association—Copyright. ■ Received 11.39 p.m. March 15. LONDON, March 15. Hie Daily Mail’s Now York correspondent states that* it is almost entirely a rich man’.: crisis. The panic in Wall street continues with violent declines. Two and a half million shares wore sold. there were similar experiences at Bcsten Philadelphia, and other o lock—Exchanges. Received 1.10 a.m. March 16. LONDON, March 15. 'The Daily Telegraph’s New York correspondent says that it is impossible to exaggerate the seriousness of the financial situation. The outcome looks dangerous when shares declined over ono hundred, million pounds in one day.’ Unless relief , comes half a dozen brokerage houses or banks must succumb. A financier of international reputation and* ’ a railway king liavo both been forced to seek accommodations. Call money ' touched pev. cent.
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Bibliographic details
Gisborne Times, Volume XXV, Issue 2031, 16 March 1907, Page 2
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131FINANCIAL CRISIS Gisborne Times, Volume XXV, Issue 2031, 16 March 1907, Page 2
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