New-York tribune., 1913-11-17
T[XCO RULING FACTOR
N LONDON MARKET
,,sb 10 Unload Stocks Each
'':1r Time News Indicates u. S.
Will Have to Fight.
i, Y. COMPLETES FOR GOLD
.d.rs on Money Market,
'''r ANXIOUS to Make Loans
Not Too Eager for a
Rapid Recovery.
,py cable 10 The Tribune.l

,p, Cnhle 20 The Irlpuhe'I
aon Nov. 16.-Mexico was the
-, that most affected the stock
' . last week, but now the ner-
&c relieved. Early in the week
,.- Asouith's speech produced
,r easier feeling, but this effect
Uttered on Thursday when the
-, read the statement published
~, rs. Times on President Wilson's
.,.,tlons regarding Mexico.
-,,. little scare was dispelled later
,sA air has cleared somewhat by
=. though, TO be sure, the experience
~. last twelve or fifteen months
made such an impression on the
.,.,s minds that the mere whisper
, 90, alarms them and everybody
LIS N unload stocks. Financial eX-
=, cav that the prevailing nervous
&c far overdone and totally un-
,,orv for there is not much
,.,cs of any real fighting in Mexico,
iryvay.
T. &c generally believed that the
r..,cb government will bring out Its
-, early in December, and 1t IS
Aorrht that those anxious to make
l.,s don't talk prosperity because
A,v are not too eager for a rapid re-
..vsry The Paris and Berlin markets
., said both to feel this way.
The money market. too. is shaken
i, Mexican reports, but optimists say
-, .yen in the event of a clash with
d. United States "a hypothesis which
sootfed at on all sides) they are by
=, means sure it would have more
vrjous results than a continuance Of
resent conditions in Mexico. Every
"a, seems 10 feel that President Will
IN Is handling the situation splen-
ally. and with his hand guiding af-
sirs there is no real reason why busi-
IS should be depressed by Mexican
fairs.
The fact that New York has begun
compete for gold in the open mar
4 has induced British financial writ
s to urge loyal support for the Bank
England. especially as South Amer
sn gold is now cut off and Indian
"a Canadian loans are quite large.
re Continental money markets are
iiedly easier, for the signature of
h Turco-Greek treaty has had a
ahing effect. The Reichsbank and
be Bank Of France have both added
materially 10 their metallic reserves
bat they are not inclined TO do any
ing 10 make the Bank Of England
u up its discount rate.
The only doubt now existing is
Ehs.her II the United States and Mex
0 come into conflict New York won't
0npete actively in the open market
81 bar gold. Sir Edward Paish, edi-
r Of "The Statist," says in a cable
tpatch from New York that business
rnditions are exceedingly satisfactory
throughout the United States and that
lnancial papers comment pleasurably
this, one Of them saying: $50 far as
be internal condition Of the United
aates Is concerned, It seems clear that
Hsything is favorable both TO the
aoney market, bourses and the stock
Ichanges OF the world"
DISCOUNT rates fluctuated last week.
gl have not slid down as anticipated.
1'y-day bills rule at 8 per cent,
ass months bills at 1916 to 3 per
snt four months bills at 1916 per
'snt and six months bills at 4 11-16
"a cent Call money was quoted yes
sdy at Az per cent and weekly
ass at IA per cent.
4ae banks reserve increased $780,
~ now standing at $133, 249, APO.
SaHcn decreased 1853, ,2S5,O00. now
sanding at S1S3, ,5O1 800. The proper
"h Of reserve TO liabilities rose two
"ns and is now 551s per cent.
lsainst little below so per cent on