Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1899-02-20
London Exchange Does a Mammoth
Business in Speculation.
OVER slOO,OOO,OOO PAID.
Dealings In the Copper Gnmbi. arc
tery Large Temper Of pubIic
II "ItuiIisb.-

dan financial ,,,,,,.,,,,,,,.t,,,, -.
"Y' '''"'''l" CUT -l'"hu'ht 'ihl's'
our money market De- now quite hap
ny Rates nro not hirh. whether for
loans or dircoupta bu, tt., .,, t,,,t.
,,t,,. ,,,t ,..,..,,,.' ..,,,.,,,..
''''h ""' ''''"u' '"'i''l'h N' l'H' ~
ptElhhing 60 ten upon supplies aud
banking credit
t'Tbnt hn,r.y,r q. r,,tt,r ,,,-.
~. 49,,
'''uN' ""u ." HV'"i"A ." W. "'H'
tulpcu ABOUT what rather startled cas-
was the extent stock exchange deal
ipp, ,i.,i,..t a., a.. H., -.
"f ,'''
BORROWING "' U' "'hh' sun more 'n'
phutically by the hankcrs' tlolrlng
house dally returns publ,sb,d Tburs
d,,. 80 ,a., 80
w. '''n WIN
lh"a' hii'f show III" stock exc
change payday oVsrturu Of the money
exceeded the corresponding day Last
year hy CeGOUH 900 and aggregated
EN2 2iO.O00. the HIGHEST one days total
ever known. \ continuance of spnUuia.
ton on the scale uf those figures slim
ply would mean flr each settlement
from now until Arrii Increased de-.
manda on ths Bank Of England. b,
cause the Open market ~ growing
poorer and such % grnerul scramble
Tor UecuuiHfy assistance would snsue
~ might cause more than ouo bad ~.
sct.
For this reason alone. markets would
have been mnfu disposed to inspire
caution 80 this week Horrnwlngs at
tho bank were rp unplonsautly heavy on
tn iuth that dread hnunta nv lest n
should b worse Htlii ON the gith. which
h. the next pos day.
speculation. however. has been FUR.
thcr checked ana prices srt back by
a.. D. 40.
counts ~ oprn operators inside the
market. This has been auccrasfuiiy nc.
compllshcd with wonderfully little dia.
turhnucc anywhere and good invest.
mcnt business b. rtllI quietly going
ON.
Il Ind no change In the temper ~
the public. which rrmainr bulliah. At.
tcntlon h. ftlu being directed 10 mine
shares more than To YOUR securities.
hut this Nv not o. d. wondered. sine.
business has been 30 restricted with
you. Hut the desire To- aril American
railroad shares has become much less
pronounced and an uutnwnrd event Of
politics or q sudden wrench 81 money
rates can alone Htiiio the growing dis.
position To- buy
About politics. I cannot sneak fur.
Their than 10 say that the tlci,ilah p1si.
ton OF France has not vet uTertoI
mems hopefulnesa either In London
or Paris. II We may Judge hy the way
prices are kept up NOT only for All
classes of mine HhnrsH hut for sscurt.
tics like spanish FOUR. which hnve
risen 10 20, ON what grounds no niuruai
can say. exrept that those most inter.
cstcd In them must sustain tho mar.
kct.
Promises are held out for financial
reforms and now taxes ana 30 ON.
and the most h being made OF The $50
600. 600 you are about 10 hand the Span.
In government but old spuin does NOT
change habits lightly.
~ ~ her open ministers and the Cor.
tcH who impurr what taxation they
please and equally open patriotic gpan.
iarls who. AZ usual, rrfuae 10 nav or
bride collectors 10 take half or "A quar-.
ter of the sum lryinblr.
"rhe finances ~ an so.cnilcd Latin
nations are falling morn and moro into
"a state ~ disorders. which constitutes "A
peril not 10 be- Ignored by our money
market or yours even Ia the most op-
L. a..