THE MONEY CRISIS.

Dominion, Volume 6, Issue 1768, 5 June 1913, Page 5

THE MONEY CRISIS.

CREDITS CURTAILED. HEAVY FORCED LIQUIDATIONS. JOBBERS "HAMMERED." CLOSING SALES MORE CHEERFUL. By Teleeraph—Press Afsociation—Copyright London, June 3. Tho Stock Exchange closed more cheerful. Canadian Pacific railroad stock was active. The "bears" rushed to "cover." ■ Dessain and Button, jobbers, were hammered. Their liabilities.-liowever, arc not serious. The 'Tall Mall Gazette" says that the situation of the market is distinctly unpleasant. There have been heavy forced liquidations in certain directions, and credits are being curtailed. The Victorian loan is on a different fooling to the rest'as to'redemption. " The "Globe" says the Victorian operation really aims at reducing the debt. , Tho "Westminster Gazette", remarks that the fact that a million lias been withheld makes the Victorian loan less formidable than it seems at first sight. THE PERTURBING FACTOR. ATTRACTIVE CHINESE LOAN. ' (Rec. June 4, 10.20 p.m.) . St. Petersburg, .fuue 4. High financial authorities consider that the Chinese Loan has been the penurbing factor in the world's money n,i.il-et. Its attractiveness lowered all international securities. Greater„stringency was felt v. hen the Balkan crisis ended, as the belligerents require. .£100,000,000 to make good the wear and tear of war. ANOTHER THEORY. PURELY AN ATTACK OF NERVES. (Rec. June 5, 0.20 a.m.) London, June 4. The "hammered" firms' commitments are estimated at three-quarters of a, million. Monday's slump is considered to have been due to the hasty acceptance of foundationle-s stories, aided by the nervousness of heavily-laden underwriting operators., Canadian-Pacific stocks and yie Continental. Bourses are recovering.