Show MITCHELL BROS FOR MONUMENTS get our prices before you buy aroa agents who get largo commissions you have to pay them panco fow orders at once and take advantage of the rail aoth hold tho g arm of more or less grave international complications somo itic during the beok a conference will bo held in london of the irish members of the house of commons in the efforts to heal tho breach growing out of the differences between william obrien nationalist member for cork and the parliamentary party of which john redmond Is chairman aad to enable tho irish members to present a position or as a precaution against possible extra demands were returning freely to central reserve points the basis of credits is greatly by this process the surrender of the privilege of deposit of part of their cash lit the reserve and central reserve cities and its recall homo in the panic was the central factor in producing tho banking crisis and the retention of this cash was the cause of the prolongation of the crisis and the maintenance of the premium on currency tho anxiety caused by that prolongation up to the end of the year may be seen to be now completely dissipated so far aa accommodation to solvent business Is concerned new york has ceased to draw gold from london and rapid recuperation of the bank of england bullion holding hag followed the bank ot france marked down its official discount rate from 4 to 3 12 1 2 per cent and market rates of discount retarded in all the foreign markets in new york the most important effect of the new developments was the springing ing up of an active demand for commercial paper which effectively relieved the deadlock in that department and quieted the tears ol 01 widespread embarrassments embarrass ments in the mercantile world from inability to secure extension of large maturing obligation in the securities market the effect of tills increase of facilities for conducting speculative operations nas been pronounced the resulting outbreak of speculation showed increasing animation and was stimulated by various professional devices and by the als of rumors of important developments the news of a large uncovered short interest was an imbor taut contributing factor to the rapid advance which developed and furnished the material for much of the demand forced by the bidding up 0 prices by the organized bull party in tho market |