WALL STREET PANIC

Taranaki Daily News, Volume L, Issue 59, 18 March 1907, Page 3

WALL STREET PANIC

imiELY GOVERNMENT ASSISTb SISTANCE. ' LoAlon, March 15 Renter's WakhinltonJ correspondent! asserts that Mr Cortelyon (Secretaryto the Treasury), in order to allay the pamc directed collectors to deposit custom receipts with the national banks and also offers to redeem twerttv-nve' million dollars' worth of Government bonds. Altogether Mr Cortlcvon lias placed twenty-one million dollars at 'Jie. disposal of the New York banks A better time pervades the London stock Exchange. A RAILWAY KIXG EMBARRASSED. HERPOXT MORGANS OPPORTUNITY. A TRUCE ARRANGED. CAUSE OF PAXIC A MYSTERY. Received 17, 4.2S .p.m. New York, March 1(1. It is reported that Mr Havrin.an, who recently effected a great coup in' railway shares, is cmluuihssed. aim lias l„. control of-the Union Pacific railway to Mr Pierpont Morgan. The warring magnate, have agreed to a temporary cessation of hostilities pending the restoration of the financ-i.il equilibrium. Mr William Rockefeller declares that the reisoc of the astounding decline in securities is a mystery. STOqE EXCHANGE EEC'OYjERIXG. ." " Received 17, '4.42 p.m. New York. March 10. 'A substantial rally lias taken place on j the New. York Stock Exchange.