THE INDUSTRIAL DEPRESSION.
THOUSANDS MORE WORKMEN DISCHARGED. Received November 17, 4.25 p.m. NEW YORK, November 16. The total amount of gold imported into New York amounts to thirteen million sterling. The receivers of the Knickerbocker Trust report that many of the trust's assets cannot be realised in the present or the near future. Thousands more workmen have been discharged from various industrial centres in America. ANOTHER INCREASE IN BANK RATE PROBABLE. FRANCE DECLINES TO REMIT GOLD.
' Received November 17, 4..25 p.m. LONDON, November 16. The Financial .News says that with the continued outflow of London gold events are rapidly drifting towards a bank rate of 8 per cent. Mr Pierpont Morgan's negotiations to obtain gold from the Bank of France have failed.
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Wairarapa Age, Volume XXX, Issue 8983, 18 November 1907, Page 5
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122THE INDUSTRIAL DEPRESSION. Wairarapa Age, Volume XXX, Issue 8983, 18 November 1907, Page 5
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