| Show JO LONION JOX PJ AKOlt BOOtH on the tho took ol 01 Nn New York ork Jul July IThe TIm Times Ln Len Lendon don financial correspondent cable Much 1 lees disturbance lime bu occurred In our market thAn we e have llave In recent J years In been accustomed to M see attend the II half yearly erly settlement Ioney has ra rafn eli elien fn en tn In value alue on short loll loani 1 so that in ID instead stead ot of I knocking abut about at 1 to lo 2 pr per cant It has bu cost from I 2 to Z I per Ont cant on cl call Jon loans and tram S I to 1 24 pr per cent centon nt nto o on seven Yen fia tay advances The he bank bank to too did dbl a fair mOt most days of tb the week jut just closed d both in ot of 3 ir cent and nd short lon loans at Nothing like lver severe pressure however h has and nd at al all Um tImes the m di count Currl market has bu been 11 b brokers t trie tried to take advantage ot of the higher rtH rates for tor money to work th the re mUte muted bi bill rte rate up to lo I 2 pr per cent They could not manage it and was wa cold Dt I bune withheld from theta them In consequence Why the present ease I should prevail I is not difficult to explain Government have l so 10 heavy that In spite of the tact fact that upward ot at IGO O pt of oC a khaki loan money h baa already been rive received by It It it balances on nIght were Ie Ieee It at the corresponding period In 1 18 Thus about ot of unusual cred credIt Thul abut cro U It 11 has ben n colete collected and disbursed b by bythe the government within Q a little mo more titan three m nth Along wih with this Abnormal In banking cr credit we have bave now to rek reek on Ith a decided diminution In bust n nese There I is not the Ime same amount ot of paper coming forward for tor and andIn nd In tb lie tete textile industries partIcularly complaints begin to 10 be made that nw new I Famine ar are not I and pestilence In India followed by the upheaval In China ar are producing Ita stag stagnation nation In Lancashire A yet et however tile the effects of at al any change In the volume or of busIness or or of the paucity lu in fresh order orders coming for tor forward war ward could lot be vel very marked upon th th for tor mOde money on the London mt r It not that speculation or of ever description t not only on the stok stokt stock ev Un In grain cotton f t hues e aw aws t tp 4 that we re 1 e to 1 go 61 l y 19 to parallel We thus Ihu he have an abundance of at banking credit for tor the time into being wih with diminIshed Inquiry for tor I It on the ot of the publIc Nothing more need to b be aid to explain why our money market mark t I Ii tat that and tending to go lower On the stok stock exchange however feel feelIng Ing h has become come quite sanguine and a If not a bom boom Is predict predicted ed Already signs ot of II its approach are apprent apparent e In the South African home ome rails and other markets Ask Ak a rea reason son for tor this changed mo mood and none can b be given ot of the le least value We 81 all tel feel I It earing coming Is II the universal answer ansI and what everybody expects expeels mi may come cometo cometo to b be tre true |
