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Show 6BESSIS8H " 01 LOIiffllGE Market Is Standing Well the First Shock of Military Operations Op-erations in Mexico. By W. H. LAW30N. Special Cable to The Tribune. LONDON. April 21. London Is standing stand-ing the first shock of the Mexican military mili-tary operations very well. Of course, all markets are upset and prices opened today below New York parity, but there was no difficulty In doing 13113111655. From the Jobbers' standpoint, an end of the "watchful waiting" policy is a welcome change. So far as btiHlness Is concerned it may prove a blessing. In the first hour dealings were active ac-tive and numerous, but without pressure or forced selling. A good deal of bear covering took place, and tho technical position po-sition oi the market Is much Improved as a consequence. After the first hour tho exchange quieted down to something like normal dullness and members found tlmo to discuss the Mexican situation .and prospects. Very pessimistic estimates of tho duration dura-tion and cost of the campaign which were cabled from Now York are not shared here. Those who know Mexico consider that the -hlef ports and railway centers aro tenable by moderately largo forces. When the railways front Juarez, and Eagle Pass aro reopened the lines can be quickly rebuilt and traffic restored. Every new advance by the American troops is expected to strengthen the chances of a speedy settlment. An atmosphere at-mosphere of hope will replace an atmosphere atmos-phere of fear and anxiety. Already this tendency Is showing Itself, for the nftcr-noon nftcr-noon prices were decidedly better than at the opening. Money, It Is believed, will be a powerful power-ful factor in the market's movement In the near future. If the campuign assumes as-sumes large proportion?, huge United States loans will be necessary. These might have reactionary effects. In Europe, as well as .in America, the existing plethora of money would soorl vanish and loan rates would again rise. Already thore Is talk of a possible rise, in the bank rate on Thursday, but no one regards it seriously. With usual perversity, speculation In British and French securities is mori; demonstrated than In American Issues. Paris specialties were today among the weakest, especially Delieers. Berlin Is more alarmed over Canadian Pacific than about Union or Southern Pacific. Canadian Ca-nadian Pacific this morning sold down to 203. making a dccllno of S points in the present account. British railroads arc depressed as usual by the weak hull accounts. Gilt-edge Gilt-edge stocks are steady, but absolutely lifeless. All in all, tho markets appear to bo past tho Vorst for the present at leabt. |