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FINANCIAL PANIC IN NEW YORK AVERTED.

(Per Mail Steamer at Auckland.) (Per United Press Association.) AUCKLAND, January 18. New York barely escaped a severe financial panic owing to the drain of specie for England, and the failuic of (he Produce Exchange Tiust Company for twelve and a half million doliais. To stay tho panic, the Clanng house lent ten millions to the Stock Exchange. Tho Government loaned seven millions, in cash and individual banks bent a laige sum.

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/WH19000118.2.20

Bibliographic details

Wanganui Herald, Volume XXXIV, Issue 9941, 18 January 1900, Page 3

Word Count
78

FINANCIAL PANIC IN NEW YORK AVERTED. Wanganui Herald, Volume XXXIV, Issue 9941, 18 January 1900, Page 3

FINANCIAL PANIC IN NEW YORK AVERTED. Wanganui Herald, Volume XXXIV, Issue 9941, 18 January 1900, Page 3