| Show ENGLISH MARKET FALLEN An Uncomfortable Ch Cheapness May a Most Mott Unpleasant Ending Gold Coining CamillI llao Ilie London is II VII till br Ford W York JUly TImes London lot correspondent cables cabin Tile fh English market markt ha fallen IntO a 11 plate of uncomfortable ma may have hayo an unpleasant ending thanks to the necesSities gay gov emment bankers have been deluged the balanceR ot of the borrow lit at bank were wre paid oil oIT while the tho ILe 1111 week before last amounted to JI 1 J I part or o which was dIsbursed b fre dividend day Dividends British and aI Indian came out on Thur Thursday da and the of the worry dally daily leave leav the bank for tor Paris The re resme tun short hort credits In the open market fell to 1 and Hl 1 per cent I cheap credit low discount rates but It has hIlS nut not been so 10 now Such Is the tho nor of the olt city that bitt brokers have actuallY raised their commissions sInce money became o over r abundant and anda a 11 Friday and yesterday ninety day re remitted paper at per cent There are reasons in III plenty for this nervousness not the least cogent ot of which is II the persistent export demand fur gold rot Not only Is 18 the gold Irold that cornel Into the open market snapped tp 1 b by the foreigners but small parcels ar ot of the gOvernment We j suIt is Ie that we enter the second and trying half of the year with only more raId old In stock than we e bw at the of January mutt must be done to atop the and attract the metal If the It storm conn Is tu b staved ort oft In the nu I end and therefore discount ha to against the ae d infringement of cheap chlap credit brought Into bearing by the profuse Nw Times London might hupe that something would be bedone bedone done by the payment of Khaki loan Installment next DeXt Tuesday to th loan market and so 0 help the brokers but the exports of cf the th war have caused this money to tobt toL bt L anti and what we lire are much afraid f now Is III the Issue of oC yet et an another anc other c loan Provision for tor a l alln In may be given ghen as an excuse for tor fr demands but SoUth Africa will I tOk II t share In what m may Y be go goIr I Ir 2 u s ner therefore Is IB the open t c ot of the credits poured int in it Liy by the Li treasury than frost pay menta mi rite flu ii l It again and nil all the time It is being f red toward a crisis Abroad tlc tilt t n lon Is lees leel especially In but thanks merely to hiber ni 01 resort to the ot of paper and eXI experienced bankers are that thai the German aerman em emperors ambitious Chinese war ar program may place an unbearable strain on the market Even Paris Is II mot lot alto alton n r but th the very ery uni ot of ap may 1 molt flier Injurious than R a aC C nul IVf spasm palm of stringency Air J the beginnings of such auch A Art rt n fl have hae dark darkened ned the trade outlook 5 1 I am unable tn t report port anything I about British commeree Lan LanI I rc lies hu suffering for some t r p through the Indian famine und and t 1 and now th the Chin Chinese Imbroglio j Into the woolen n trades trade With all this 00 11 S extremely dear to the curtail t ot t Profits profit find and oUr railway stocks 11 bl be n tailing because speculators I f X t dividends In spite ot of im T I gross grots receipts Ill the tolk stok one hears i but growling so 0 that S a holiday such lIuch as 88 they ther had with Ith phout of delight Iven Eren I business cannot make nIR mft and the very ery InO ingo F l PIt n A lit opinion pinion here teens Itane to the that the scare about a shortage In the west t supplies has been over ove overdone done don downward arill on our markets tend |
