THE MONEY MARKET.

Wairarapa Age, Volume XXV, Issue 10713, 5 June 1913, Page 5

THE MONEY MARKET.

LONDON STOCK EXCHANGE.

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(Received June 4, S p.m.) LONDON, juue'3. Thi Stock Exci.-iuge closed more cheerful. Canadian Pacific; r.tiJr stock was active. The "hears" rusha .o "cover."

ianin and Dutton, jobbers, were hammered. Their liabilities, however, are not serious. Jhe Pall, Mall Gazette says that? the situation of tho market is distinctly unpleasant. There have been heavy forced liquidations in certaia directions, and credits are being cur tailed. The Victorian loan is on a' footing to the rest as to redemption. The Globe says the Victorian operation really aims at reduoingthe debt. ' The Westminster Gazette remarks "bof. the fact that a million has. been withheld makes the Victorian ?->r less formidable than it seems at first sight."'

CHINES*" LOAN,

> THE PERtfURiBING FACTOR

GREATER STRINGENCY PRE- -■ •. DICTED. ■

(Received Last Night, 11.30 o'clock.) ■ -: ST. PETERSBURG, June 4:

High .financial authorities consider that the Chinese loan is the perturbirtg factor in the world's money market, and its attractiveness has lowered all international securities.

Greater stringency will be felt tvhen the Balkan crisis has ended, a a the belligerfentg will require a hundred million sterling; to make good the wear and tear of the war.

UNDUE ALARM. CONDITIONS IMPROVING. Received. This Morning, 12.30 o'clock. LONDON, June 4. Monday's slump' is considered to bo due to the hasty acceptance of foundationless stories, aided by the nervousness of heavily laden underwriting operators. Canadian Pacific stocks and ■ the Continental bourses are recovering.