THE FINANCIAL CRISIS.
Per Press Association.—Copyright.
New York, November IG. The total amount of gold imported into New York amounts to thirteen millions sterling. The receivers of the Knickerbocker Trust report that many assets cannot bo realised at present or in the near future.
Thousands more ■ workmen have been discharged in various industrial centres of America. Loudon, November 16.
The Financial News says that with the continued outflow of Loudon gold events are rapidly drifting towards a bank rate of 8 per cent. Pierpoint Morgan’s negotiations to obtain gold from tho Bank of France tailed, Received Nov. 18, 9.7 a.m. New York, November 17. Miuueopolis is rushing the export of flour to tho seaboard by special trains in order to break _tho, currency famine. _ , , Southern cotton is being similarly treated. . , Tho Governor of California has convened au extra session of the State Legislature owing to the acuteness of tho fiuauical situation. Received Nov. 18, 8,33 a.m. Loudon, November 17-
The Paris ami Berlin Bourses are weak, owing to fear that the English hank rate will ho raised on Monday.
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Bibliographic details
Rangitikei Advocate and Manawatu Argus, Volume XXII, Issue 9004, 18 November 1907, Page 2
Word Count
179THE FINANCIAL CRISIS. Rangitikei Advocate and Manawatu Argus, Volume XXII, Issue 9004, 18 November 1907, Page 2
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