Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1899-03-13
STOCK MARKET
ACROSS THE POND.
London Suffers from Attack Of
Financial Indigestion.
SPANISH RUBBISH IN PARIS.
Hints of Wars Cause SPECTATOR. 60
Proceed Win Gxtrem. CANTON
scramble for credits.

cAGonybalii ylm.r chtte uro III
New York. March i5.-Thc Times
London financial correspondent cables;
Tho past week has been an unsatisfac-
tory one. Money has grown less album
dant and the hank " England has
again lost some gold. while all the fresh
arrivals ~ the precious metals have
been bought by ucrmany. This alone
has caused Spectators To hang
back and to fear the fort
nightly stock exchange settle
ments. Consequently dealings have
been limited and the movements 81
prices rpaamodlc We have got over
that account all right. There has been
scramble for credits aud discount
houses In particular have been driven
10 the bank of England for large
amounts TO supply the place ~ money
taken from them 10 carry stock cN-
change accounts, liut the rate charged
there has been only three per cent and
We should, perhaps, have been ready
buyers ngnin but for politics ana the
shadow uf the coming budget deficit.
China II again bothcring u, or rnth-
cr lfusrin In china, and u u nHtoninhs
INK how heavy the loads ~ Spectators
Tor rise become IN" moment hint Of
war reaches them,
A. regards the deficit IN the budget.
I estimate II at ciU0NO0o NJ the very
least and enterprise and speculation of
an kinds win b. moro or less timid
until We rcc where the government IN
going 20 ma money My feeling N
that we win take the easiest way ana
suspend the redemption ~ our national
debt 10 whatever extent may he noces.
rary. liut no one can BE- SURF and
therefore, we expect trouble and senHi-
tive markets here FOR some weeks TO
come,
Mere bank figures do not Indicate n
situation materially different from that
of last year. hut the money market has
great deal more 10 carry ana more
over. the continental markets are all
the more heavily burdened.
Paris IL wrestling brnvely with the
Spanish rubbish heaps but It's success,
purchased az an oNhnuHtinR price and
an added dcnrnesr 81 money az each
succeeding bourro settlement must one
day bear the Inevitable fruit
For such reasons aa these, ana be-
cause the politics NJ this unwleidN en-
pirn OF ours n always giving rise to
rpunhbleH at some point, ! think you
must not count on ~ Just yet 40 great
buyers ~ your securities. our DISPOSE
tlOn was decidedly getting favorable
! and nntll your NMN MNIN'A NAAli'NfN
| before the denrer money. Perhaps N
you ala not scare NJ with prospects
! ~ shipments M gold 20 New York and
kent your stock market on the upgrade
/ FOR D. week nr two after April comes,
We might begin to nIhhle again. AZ
presont we rather prrt 20 sell both
/ what wc mnnt and what we have not.
Also We look nFkunce ON your great In
/ dustrlnl and railroad combines, both
nrtuai ana protected. The copper COM
/ binntion has been believed In here, but
A il nf0rlinH company promoters
/ nice chance IN float on more dubious
copper properties
/ llttie Out NJ heart ana inflicted with I'M
/ nanrlni indigestion, The professional
/ fortune grahhera great and small went
/ nhend too fast In January aud now
I uroan under the pack they carry-not
/ ~ YOUR securities although they have
rot a good many ~ ihcm-but II home
/ Industrial shares ana mines, and home
md south American railway aecun-
| lies 70 much II this the case that
| leans which the out colonies have
I emitted since the new ynar are still In
crent mari unplnced. Tho Investing
| nnb,le cannot AFFORD TO buy thom not
/ the speeulntor either.