Deseret Evening News | 1899-11-25 | Page 7 | New York Money

NEW NEV YORK vii MONEY JONEY Henr henry Clews this week says ys At the moment there are two mate male ways of easIng the money market and either ot of them I is liable to come to our relief any do day One Is a battle In South Africa with victory Ictor to the British This would e us to Im Import port gold from London without much resistance e The rate of sterling bl bIlls for sight sold down to 10 Ui early In te the c esk but afterwards advanced to We cn can bring Iod hee here at St but until the Doers ore are knocke knocked out the ors Bank nank of oC England and the LonO bank i irs ore rs wi use their united of et i lort forte to k keep p sal gold from corn com 10 lag to this country In the meantIme relief will have to 10 come through a 0 flow of funds tunde from the In tenor 11 anil the ral rates of domestic ax x change chanse wi will en soon begin to indicate I it I think So long RI as we ore Ire deprived or of these thee mC modes of recuperatIon the tho money market II is lable liable to remain mor more or let lees stringent nl J I am clearly or of the opinion however that the backbone of tight mol money I Inow is isnow backbone of the now broken as Is the Philippine rebellion and I now also lok look for lor n a speedy collapse of the South Arl cn can fJ fr J It wi vill come after the frt first big Victor to the British ams arms which hleb may ot at any moment With Aguinaldo taken prisoner a 0 bl big British victory se securing e curing the opening the AfrIcan gold mint mines and the easIng Ul up of the mane money market here the tho overhanging eId clouds still 11 al oil be removed which wi will CUM cause very arte active and Increased pros prosperous Jr business el 01 all over the world and ond In this country