Show BANK OF ENGLAND I WARNS WALL London Oct 1 Thc financial writers In the London morning news newspapers papers for the most pait rs the Bank of action In rais raising ing the discount rate as a warnIng to Wall street speculators fhe Stand Standard ard questions whether a five fie per cent rate will suffice The Chronicle says sas Present conditions are arc similar to those which led to lo the fin nodal panic in iD America In 1907 Tine The fact that thal AmerIcan operations on a hugo scale arc ame again being financed In London makes It to check tine tho possibility of America dragging awa away our gold The Financial Times says If Wall all street disregards tine the plain danger signal further coercive mens meas measures ures must be tried |