THE WALL STREET PANIC.
TREASURY AID. LONDON, March 15. Reuter's Washington correspondent asserts that Mr Cortelyou, Secretary to the Treasury, in order to allay the panic, has directed the Government Collectors of Customs to deposit Customs receipts with the national banks. He also offers to redeem twentyfive million dollars' worth of Government bonds.
Altogether, Mr Cortelyou has placed seventy-one million dollars at the disposal of the New York banks.
LONDON STOCK EXCHANGE,
BETTER TONE PERVADES
LONDON, March 15. A better tone pervades the London Stock Exchange. DECLINE IN SECURITIES A MYSTERY. Received March 17, 4.33 p.m. NEW YORK, Marc'i 15. It is reported that Mr liarrman is embarrassed, and has control of the Union Pacific railway to Messrs Pierpont Morgan and Warring. The magnates have agreed to a temporary cessation of hostilities pending the restoration of the financial equilibrium. Mr William Rockefeller declares that the reason for the astounding decline in securities is a mystery. A SUBSTANTIAL RALLY. Received March 17, 4.42 p.m. NEW YORK, March 16. There has been a substanial rally on the New York Stock Exchange.
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Wairarapa Age, Volume XXIX, Issue 8383, 18 March 1907, Page 5
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179THE WALL STREET PANIC. Wairarapa Age, Volume XXIX, Issue 8383, 18 March 1907, Page 5
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