MONEY MARKET UPSET.

Hawera & Normanby Star, Volume LXV, Issue LXV, 20 June 1913, Page 2

MONEY MARKET UPSET.

(Sydney S.un -Cables.) EONDON, June 10

The financial stringency is-increasing. Banks are recalling advances and underwriters are feeling the-pinch, while jobbers are unloading stocks fast. There is a general feeling that there is insufficient cash to support the credit which has been granted in consequnce of general trade activity. A five years' review, shows that British Consols have fallen from 88 to 73, /French 3 per cents, from.... 98 to 85, German 3 per cents, fr0m.,86 to 75. •and other gilt-edged securities of other countries uropor.tiona.tely. ' '/j .Investments that are usually considered quite safe all show a marked contraction.