FINANCIAL CRISIS.
(BY IiLIiCTKIO TEliEGlUl'll.—copymonT.) London, Norrmber 18. STOCKS urc ut presont unsaleable .Another bunking •house is said to be in a, critical condition. .'November 19. The Tiiiins announces that no bills drawn on Baring Bros, after Saturday lust will be accepted, but that all drawn before! that date v, ill lie met. It is believrd that Baring Bros, will be resuscitated by .some of tho old partners returning to tho firm, and the introduction of fresh capital. The Bink of Australasia, Union Bank of Australia, and Antho.iy Gibbs aod Co. are parties to the Baring guarantee. November 20. Tho Stock Exchange rallied yestor day afternoun, and tho panic is abating. Nkw York, November 19. Two influential brokers suspended payment to-day. November 21* The Governor of the Bank oi England assured a meeting of bankers to day, that there was nothing to justify the panic. The bank, ha said, i.'i in a strong position, anl would freely support the credit of the bankers who are now reassured.
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Waikato Times, Volume XXXV, Issue 2865, 22 November 1890, Page 2
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167FINANCIAL CRISIS. Waikato Times, Volume XXXV, Issue 2865, 22 November 1890, Page 2
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