MONEY CRISIS.

Dominion, Volume 6, Issue 1767, 4 June 1913, Page 7

MONEY CRISIS.

STOCK EXCHANGE UNEASY.

HEAVY SALES.

MARKET DRAINED BY LOANS. By Telecraph—Press Association— CoDyrlcht London, Juno '2. . There have been heavy sales on the Stock Exchange, owing to rumours of financial troubles. (Rec. June 3, 10.-1(1 p.m.) London, June 3. Tho recrudescence cf tho Balkan troubles, and tho heavy German loans have further disturbed tlio markets. In addition to the Brazilian, and Chinese issues Mexico will shortly be issuing a .£20,000,000 loan. Tho calls on new issues during tho month of. June aro estimated at i£2o,000,000, as compared with JC9,950,000 in June, 1912. SLUMP IN "CANADIAN PACIFICS." (Rec. June 3, 11.20 p.m.) London, June 3. The outstanding feature of the Stock Exchange depression is tho heavy slump in Canadian-Pacific Railway stocks, which, dropped 19 dollars in five days. The foreign bourses arc also disturbed* German loans liavo unsettled tho Berlin bourse. THREE MILLION LOAN. VICTORIAN PREMIER SUCCESSFUL. London, Juno 2. The Victorian Premier, Mr. Watt x has arranged a ,£3,000,000 4 per cent loan at .£93. (Ree. June 3, 10.40 p.m.) London, Juno 3. Tho loan arranged by Mr. Watt will have a currency of nino years with the option of redemption at the end of fivo years. It will be issued in a few days. SOUTH AUSTRALIAN LOAN. (Rec. June 3, 10 25 p.m.) London, June 3., Tho "Pall Mall Gazette," commenting on South Australia's deferred attempt to raise a loan, says that tho market will have enough to do to handle the unplaced scrip of issues already arranged. It will then .require a short rest. Great uneasiness prevails in tho markets. '