FINANCIAL DEPRESSION.
KNICKERBOCKER TRUST SOLVENT. Received November I,' 8.15 a.m. NEW YORK, October 31. The Knickerbocker Trust, which had to suspend payment l&st week in consequence of a sustained "run, "is declared to be solvent. NEW YORK CITY EQNDS. HEAVY PURCHASES BY A SYNDICATE. Received November 1, 9.10 pan/] , N,EW YORK, November 1. . A bankers' syndicate, headed by Mr. Pierpont " Morgan, has purchased six million pounds* worth ;of New York city bonds with the option[of acquiring £4,000,000 pounds''worth' more on the same terms. MONETARY STRINGENCY. ■» COINING DOLLARS FOR RELIEF. Received November 1, 10.9 p.m. • NEW YORK, November 1. The American mint has been directed to immediately coin fifteen millioj* dollars worth of double eagles to relieve tho monetary stringency.
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Wairarapa Age, Volume XXX, Issue 8870, 2 November 1907, Page 5
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119FINANCIAL DEPRESSION. Wairarapa Age, Volume XXX, Issue 8870, 2 November 1907, Page 5
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