PANIC IN BERLIN.

Waikato Times, Volume XXXVII, Issue 3016, 12 November 1891, Page 2

PANIC IN BERLIN.

(BY KLECi'IUC TKLKGItAPH—COPVniOHT). BEULIX, November 9. It was gambling in stocks which caused the runs on the banks in this city. A piinio bus set in, and many firms will be involved.

The Somiuurfelds before shooting themselves (which took place in a train),oof.u f . the veins of their wrists. Friedlander, a Leipsig bunker, has been arrested in connection with Wolff's f;iil\m\ Later. Both the Sommerfekls are dead. In consequence of the recent failures a run has taken placc 011 the Berlin Bank. The nobility arc heavy losers. November 10. It is expected that some more Berlin banks will fail, as well as other houses doing financial business. It is stated that within five uimutes of the suspension of the Hischfeld Wolff's bank, a clerk belonging to ft Berlin firm arrived with a deposit of £2,3,000, which would have averted the disaster. Parts, November 10. The Bourse exhibits great uneasiness. St. Petersburg, November 10. The Russian rouble has dropped nearly one-half in value, and a finan« cial crisis is feared. London, November 10. There is a calmer feeling in financial circles on the Continent, though yesterday's run 011 the banks in Berlin caused immense excitement, and the assistance of the police liad to ba called in and the doors temporarily closed. The feeling in London is better, but a slight panic has taken place in Madrid.