THE FINANCIAL DEPRESSION.
MANUFACTORIES CLOSE DOWN. OVER 50,000 PERSONS DISCHARGED. Received November 15, 8.22 a.m. NEW YORK, November 14. The Governor of New York State has appointed a committee to investigate the State's banking business. Owing to the stringency of cash, and the absence of orders for a radius of fifty miles round Pittsburg, 48,000 persons have been discharged from the factories and 2,000 from the railways, and half the hands employed in Indianopolis manufactories. Twenty-one sawmiils in Wisconsin have closed, throwing 6,000 men out of work. Mr Pierpont Morgan has been negotiating with the Bank of France for the transfer to New York of gold valued nt three millions sterling. The total import of gold up to yester,day amounted to twelve million sterling.
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Wairarapa Age, Volume XXX, Issue 8982, 16 November 1907, Page 5
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124THE FINANCIAL DEPRESSION. Wairarapa Age, Volume XXX, Issue 8982, 16 November 1907, Page 5
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