Show 5 Eff Effect fi d of f ori Causes Suffering in Egypt A t l 1 of Iho lito London says r Last n l leo Aveo eo negotiations w wore sere r going on Oil fOL with the embar embarrassments connected with the l Egyptian p- p which had hall corns come to lo light crisis tian have negotiations The rho Manchester l in less S proved and have itao pro e continued I since C anticipated 1 It t Is than titan was as ea eay all that has yet cl been that cr understood 1 bo ho 0 that time I is tp tt agreed ng upon I is 5 I given n. h No o doubt it Is Is- hoped ed that as US s begins be h- cotton crop tIle the EI Egyptian n SOOt soon n ns 05 gins to be marketed there will viii bo be a 0 revival of or activity J Just ul now everybody every every- hotly hOlly who ouid get et away front from E Egypt 1 away Even n in iii or years has got marl marked ed there IH is in ill Jul July August AuguH a Blackening o of business This Tills yeni eol just after the tIle crisis it U is Ill natural that hat business hUsI bust busi I ness noes should be be beat at n a standstill Hut But when the tile cotton cotlon ero crop begins to bo ho marketed not out only will commercial but the nb- nb revive re business proper al also begin to return lo to elItes s-elItes-S will o Egypt It is natural to expect therefore therefore there there- of com com- revival re fore that with the lie activity lt r and with the knowledge knowl fl edge e that tho the crops are good the thu and therefore there theme bourse boms will rO revive f lore fore that it It will bo be o possible le 0 to Felt eli securities which now are There Thero is also a recrudescence of uneasiness about the lie state stae n of affairs II in Egypt itself It is it not f feared lUC that lInt will lili be he any serious failures lint but linthe the he speculation f that hat was vas carried on was vas utterly reckless anti and largo large numbers numbers num num- bers beN of or persons cont contracted r ct d liabilities hili lies altogether beyond their menus means As long a as confidence continued ed there th was that these p persons per per- r- r a of or course cours- sons rolls might he be able ablo 10 to sc soil 11 at a profit anti and that 1101 therefore tile thoy might come ome out of or the the- speculation er very material g gainers But once confidence failed Nl p prices loes dropped heavily IJ nn and at pr present nt 11 It IH is extremely cull 10 to sell ell nt any securities quotation Real Really good such Mich for l' example as l the tile shares of or the National Donl of or g Egypt anti and of or th lIe Agricultural of Jank-of of course coUlt can b bo he reid Even Jn In these however or though tho their value vahle 1 is undoubted there theme has boon a h an fall fail which are C not notI Local securities ul doall in In Europe aL' aL are are- not ilot salable salable- la If ll Tho Tue I local people people- for the moment will wilt buy nothing Many lany of theeo securities noI nr no doubt prove pro to be good but lot for the I moment noho nobody will vill buy buS and in consequence cop con that of r tho ho sequence it Is feared many ninny speculators who havn u Ventured ent red altogether alto alto- gether beyond hc their theil depths depth ma may many ho have to declare themselves cR in insolvent The Tho Tholo lo losses s 's will of COUl course e een even en if it the tho fears ear are re realized be e widely distributed an and thc therefore c wilt will vilI not hot seriously I af affect affect af- af Hut Bul tho the thoiS market feet any ails III particular iS v t o foar fene at that there will be more is exercising an nn unfavorable Influence Upon the bourses and the tho stock stok exchanges It I t will be understood that oil nil tho the trouble hits bus been caused by pure puro speculation spec spec- n in iii and on the stock ex ox- ox change People leOpie drew upon o Enrol for sums far be beyond what the they ought to have havo been allowed to draw Thu I then lent out tho the money moner pr p they bought securities outright |