New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-03-09
LONDON MARKET
OUTLOOK BRIGHTER
After Week of Depression
Confidence i'm Near
Future Returns.
OPTIMISM IS LESS
ON THE CONTINENT
Situation In Brazil. Mexico and
Japan the Main Bear Fac
tor-MOney Easier.
fBy Gable to The Tribun.


London March S-The London stocl;
market was slow and depressed last
week. the two chief causes OF unrest
being Brazil and Mexico. South Ameri.
cans have always been prime favorites in
London. and since martial law was pro-
claimed in Brazil the whole market has
felt the effect and has gradually hattened
out, even consols and home rails declin-
ing
II IL confidently expected, however,
that the market will soon be at ease.
and Brazians will undoubtedly come NC
again. II will be remembered that coffee
was so low few years ago that arti-
nciaI measures were necessary 10 raise
the price, and 1t also must be taken into
consideration that rubber holds such an
important place in the worlds commodi-
ties that low prices are highly unlikely 70
prevail much longer. Mexico still keeps
the financial fires low. although great
confidence is felt IN President Wilson'S
eventual solution Of the difficulties
The Statist" says that, as far as re-
CARDS the Japanese scare, Il thinks the
anxiety OF America Is greatly e1aggerat-
ed. and does not believe there is any
likelihood that Japan Will adopt an I'M
friendly attitude. especially as since the
failure Of her crops there has beer grCar
distress in the earthquake shaken island
OF Hokkado. In fact. she has not vet
recovered from the drain Of the Rus
sian war and also the opening OF For
mosa, Corea and Manchuria. However
says "The Statist,' "the suspicious OF
Japan. the anarchy of Mexico and the
danger 10 European lives in that cour.
try. the restlessness Of so much Of Latin
America under the Monroe Doctrine, and
also the impression among an influential
portion Of the population that the policy
of the administration Is unfavorable to
trade are all having a bad effect In the
United States and for the time being are
preventing the outburst Of activity which
was reasonably anticipated a little while
ago"
Confidence il not as strong on the Con-
unent as in ENGLAND. Despite over $50
VN'fNNV iNltdCt III the DuDllC NeDOSllS OF
the Bank OF England I'm the last five
weeks. the open market rate IS still 27-i6.
while Paris IS 274 and Berlin and Vienna
pa. There are several reasons why Con
tinental money is doarer than British
Mexico and Brazil affect the Continen.
as much as England. and also prepara-
tons are being made in Germany for the
liquidation al the end of the month. and
naturally money has also frightened In VI
emma, whose relations with Berlin are 50
close
France Is not only nervous over the
coming elections but the continued post
ponement of the final development of Tho
financial policy keeps the Partisan market
in "A state of uncertainty and depression.
I'm spite. however. OF tho depression
now felt IN the international markets
financial London strongly adheres to the
belief that the great influences operating
ara really preparing for restored conf
dence and greater activity. THE Statist"
SAYS: Unless something entirely unfore-
seen happens. there will be further rise
In realty and first class securities, accom-
panied by an upward movement in the
SetOUu tldSS, anu general
rise i'm all departments OF the Stock EN-
change
This will not take place without ups
and downs There has never been. and
never wilt be, an unbroken ad-
vance all along the line. but every set
back at a time when money is cheap
and peace assured has been followed ~
r. recovery. so there is no reason why
the immediate future should be an excep-
ton to the past
The banks reserve has decreased Sc
Dbl. 1S5 and is now sl5s9lS,l65 Bullion has
decreased 1851 2s5 and is now SOS 9SS. 9l5.
The proportion of reserve TO liabilities
is J0l. Call money is at . per cent; for
weekly futures -. per cent; two months
bills. 7-l6 per cent: three and four
months bills. IA per cent. and six
months bills. , 5-l6 per cent