| Show GLOOM ENGLAND Conditions Are re Bad and nd N Jf Better Bett r rAre i iAre Are E ed London Dec 1 During the past week the stock exchange has been any ady anything thing t but a cheerful resort Ort Mosey Money has been decidedly tight forcing bor her borrowers borrowers rowers to have recourse to the bank Fortunately the die diu bur have been larger tor for this week France also alse shows prows a disposition to increase her het balances In London while the hope is expressed exX ed that Ur tur thou gold bold will be 00 forthcoming from fromN New N w lork But with the approach of the year y end and A Il large slice of the thelast last hut loan soon due there is 18 small hope of easy oney be Art well into Janu January i iary ary or of next year In the meantime business is as stagnant as ever The industrial situation is la decidedly bad fhe rhe Welsh miners who have been stopping work In the blind hope of raising prices by restricting re the coal production have merely succeeded in Irritating the owners who now threaten a lockout while the me reported uncertainty of the Welsh situation has thrown numerous numero steam coat coal contracts co for tor Great G Britain and France into the hands of ot German Gern and American Antt com corn competitors The copper situation is enveloped in mystery tery my as it jt has baa been for months past and there is a feeling in the sir all that unfavorable developments are imminent stiver is Je closely allied to tor copper r and the present te ent phenomenal decline in lit copper opper to is taken to indicate that American interests ta ich are here bOre believed to have been maintain ing lag artificially high prices pried lore are about to relax their grip A sharp I break in both metals is 18 possible elble It te is only fair fall to say any 7 that such gloomy views are largely based upon the inferences of ot speculators and aDd are probably Intensified by the general discontent in the industrial lookout and the war r IH Is I South Africa The situation in Germany dds adds a certain cerin encouragement t While WU it I is I be b Jevel here Itee that the th worst w of the t Ger German Gr Grm German man m financial crisis ert is I over Oe the th present pret industrial stagnation in that chat tbt country supports s the tie theory the that numerous small smi failures are ar bound bu to t be b re reported r reported ported pre at intervals for 1 r months math to t come Such an outlook is c scarcely sy en encouraging ef for tor promoters There Tb are a rumor of f a new nw German Ge loan len and nd it Jt Js Is said I in some I quarters that Ut the th rumored loan probably Be e issued IsseM in lit 1 |
