THE MONEY PANIC.

Taranaki Daily News, Volume L, Issue 61, 19 November 1907, Page 3

THE MONEY PANIC.

London, November 17. The Bourses at Paris and Berlin are weak, owing to fears that the Uaijk of England may raise the bank rate on Monday. New York, November 17. Minneapolis merchants are rushing their export Hour to the seaboard by special trains in order to break the currency famine. Cotton from the Southern States is being similarly treated. The (iovernor of California has convened an extra session of the State Legislature owing to the acuteness of the financial situation. GOLD FOR AMERICA. Received Nov. 18, 11.1 p.m. London, November 18. The Maurentania took £2,730,000 in gold to America. ADDIiIONAL (IOVKKXMKXT SUPPORT. Keet'ivd Nov. 18, 10.17 p.m. London, November 18, .Mr Cortleyou, .Secretary to the Treasury announces the issue of 50 million dollars on 7'anima Canal bonds. lie! adds that the Treasury will also issue interest.bearing certificates, with an indebtedness for a year for 100 million dollars if necessary. TWO-DEFAULTING BANKS. UNSATISFACTORY EXAMINATIONS. Received Nov. 18, 10.17 p.m. New York, November 18. The law officers declare that investigation into the Borough Bank of Brooklyn, disclosed illegal loans on forged paper. The investigations into the Jenkins Trust Co., Brooklyn, shows illegal loans to the president of the company. CONFIDENCE REVIVING. Received Nov. 18, 11.1 p.m. New York, November 18. The anticipation of Mr Cortlcyou's issue of Panama bonds, with other measures to relieve the stringency, caused a Blignt improvement in the "situation in the United States. Confidence is reviving among small depositors.