THE MONEY MARKET.
AN ARRANGEMENT TO PREVENT PANIC. DEPOSITS NEGOTIABLE.
ir r, t, „ X ™' Y "''k. August 2(1. r- , ', p- P" tortelyou, Secivtary to the United States Treasury, has arranged that, for the next, five weeks at least deposits in the national hanks upon a„- [ proved security will be returnable, if required, at the beginning of January. This action is to prevent a panic during the autumn. The Comptroller of th»Currency at Washington Considers the plan wise and timely.
LONDON STOCK EXCHANGE
DEPRECIATIONS.
Received 27th, 10.18 p.m. rri r, , . Ij011(Ion , August 27. ih'Bankers' Magazine states that stocks on the London Stock Exchange depreciated to the extent of 136 millions during Angus?, and depreciated 345 millions during 1007. including 111 millions on American railroads, 48 millions on British funds, and 36 millions on En«lisn railways. The Tosses on the Soi.fh African ma'ket averaged 25 per cent.
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https://paperspast.natlib.govt.nz/newspapers/TDN19070828.2.19.20
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Taranaki Daily News, Volume L, Issue 60, 28 August 1907, Page 3
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145THE MONEY MARKET. Taranaki Daily News, Volume L, Issue 60, 28 August 1907, Page 3
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