Show London Money Market Marketon on n Jan 1 12 Th d man for fo m meaty mi In hi better and hardening owing to the Dk of England having tak n off con erable sums n a expectation n of C regain regaining ing control next w week This nag nas firmed discounts discount on the stock stuck exchange was dull today toda being overshadowed b by the por tI portions ot e t Australians and an India Indis p IO to deal pending ar the e general i i I c J I Ino Operators Operator generally were wert very rv nervous na no disorganized and some te ie e ee expected e but it te hi a question whether they I will be tie of an any imPortance The view is that tM will be bt no n I sainT with the settlement but hut that hat the immediate future depends l gr great Cit t lv ly I on o 0 what whai arrangement can ran be made with the th creditor ot the th London Globe G 1101 finance corporation The effect of tn the bor bank rate te and the tim ad advancing aMin of was waa short lived Ih The struggle of the tile last laM few d days ha has hilI often been to prevent the rate below 4 f per cent Con Continental houses bouses have hae been keen compel pet J tors 1115 tl for bills biUs and bought theta them at wt 3 in midweek apparently in advance of Ute the bunk bank rate rale This has bai Ir done mischief In Instead instead stead of good Reviewing th t the hank bank return ret hi ill connection e tion With MM the trea treasury iry position the In Investor vestor resters Review expresses the hope bore that the wor worst t of the credit H Ia now over eWer and that tl tIo e bank holds sum million millIons l of snort short dated bills bill the majority falling failing d due the cur eur current current rent nh n it is also aln understood to l he b e borrowing on lt It Its tock Mock in order lnIer to reduce the floating supply Hopes H are enter tamed that t bY money will gradually become dea dear vr and aDd enable it to put pot up Ih the discount rate A to 4 Ordinarily rave reve revenue flue nue payments W would d fw aid con powerfully r but this thin th year years it cannot d f nd l on them be because beau because cause au the war wa demands of or the I sweep ep p off orf the mope money almost as a fast ft as 8 I is it cornea come co in The government balances are ar now under 7 o One competitor 1 in m the bull market which tends to keep keel kae d n rates Is 1 Parts Paris Having a surplus of capital il owing to the e stagnation tIon of or and aDd speculation It U finds london the moat meat t profitable market To ToJ employ it means a a per cent bank n rate and som somewhat J what elevated arx exchange hot but ti it loea io ft not al point to enduring shipments of oi gold TIM The Th tatia considers that It if the value Talut of 01 money y in London 1 ill is maintained V 0 I or 3 0 of New York ork gold probably will come This b strengthening n h n of the Bank of England s position the fall in and fifteen British railroad n ad the Ute floating of government loans below par and nd the subscription lIU in A of or one on of MOM OtO issues have nave caused some English financial observers and un mu friendly critics to think England is if much louts lesa rich than hitherto supposed ed and anti that tb tN the resources resource of o the London bankers live have VI been enormously ly exaggerated exaggerated exaggerated The raking biking up these re traces the depression in con sols to the government reduced invest investments ments menia nd in la saving vl bank blink deposits ta which weh had averaged yearly and ancl to the sales ales nf v y Urge large investors to io procure cash For 1 of tra l The fil fol filIn t 1 In hi railroads railroad is I attributed to the tile rise r in ill inthe the priNt pric of coal wages w and materials material while the government is I a borrowing in England simply to obtain g gold geld M for fO tern tem tempera pera ry purposes pu I |