Show UP ro ORr London In a State or of Nw New Ion York July T TIm Times Lon London don f tabli cay T Tb Cin WAr craze h has dYe driven the bank rate up to four pr cent riot the bk rte Pr ent no te atu actual position of the market There Therel f l for tor already 1 pIa 1 m Many expenditures and brow borrowed miller b bY the floating b baJ 1 have been I cheap and aDd they remain man ep But BUI the bk beak b has lost 2 1 a In oId Ine since tae the ne ot of May I It lowered the rt rate from fur four to II three wb ad acid a hi half p per ct omit ad and the I Is th that a 1 good deal will b be It lost between now mw and November Thre Thee I Ii Ue the rb rub perhaps Uy By taking It steps thus early I it 1 inky b be hup hoped that tb the strain trA pt upon 11 us In the Ic id of If I last year r wil wIll Rt not b Li I at At I least seems 1 to b ii certain that four J pr ot cent wi will In dle due lur cOUr b be followed b by nv five per cent eDt Wih With I hf I ot of t trees ury bi bills tl to I La r this week ad and from the bank the debt wi will b be up to II about 01 t UtI and to to refund this det debt and pay y th expense of tb the theto 1 tu to dae date it at II least another khaki 5 oO or of stock must b be created but we ha n Information abut about at atthe the government Ir filly have been thus thul far as there l re II 15 a an Inclination I ii n postpone tellIng as long II as lf J So much debt Sc II not good for tor torI I I hI Ament market al increaSes I ill r For the l has ha risen cOI cose to f ipe ont cent but te the supply r of m bli bill I Is quit quIte moderate and lor short credits cheap Money Mone for foI tb week can ean still tl b be ha had at three P per t Unless therefore the ban bank of 1 pull ul in with on otis had hand what It is II olp obliged to pa pay out wll with the oher other the fotr four pr per Ct cent rt rat cannot be kept et ef lr Many Yen even I If I it were wi will nt not UI use t tb utmost W we O em hop hop for I Is hat WI we sear ar prevent this stock tok of the b bank further trenched upon The tl gold you are re sending do does not come leN hers ad d think I It woud would not notOm coIt Om 1 to I any extent even v w were dl dIe cota per cent Obviously QuI pr there cn can be no lar large Iok stock M business In th the recent lt The Tb prevailing heat would cul opton hower however enthusiastic tb might b be to gamble o or II In Invest ve vest bt but art apart al altogether fm from that ta tb 1 Is JO no to buy nO nor I Is to subscribe for tor new I The These are being poured ot out pU w with a generated by bJ Ion long abstentIon Hue Huge combinatIons lb lisa ti title ent eight milon mIllion pound cement ement or ocr loans loan like the governments lol local loans loan issue and Swedish and nl Queensland lonar Ine none of them being ta tn The loal local loan iise hi has fallen to discount and aDd w wb was b bitely cove covered Te The underwrIters had bad to ae P 1 per r cent of the Queensland SwedIsh la io and at least 70 0 pr per cent of tb the |