DISTURBED MONEY MARKET.

Poverty Bay Herald, Volume XXXX, Issue 13093, 5 June 1913, Page 3

DISTURBED MONEY MARKET.

£100,000,000 LIKELY TO BE NEEDED FOR THE BALKANS,

(Press Assn.— By Telegraph— Copyright.) LONDON, June 4.

The hammered firms' commitments are estimated at three-quarters of a

million

Monday's slump is considered to be due to hasty acceptance of foundationless stories, aided by the nervousness of heavily laden underwriting and operators in Canadian-Pacific stocks.

The Continental bourses are recovering. >

ST. PETERSBURG, June 4.

High financial authorities consider that the Chinese loan is a perturbing factor, as its attractiveness lowered all international securities. A greater factor in the Avorld's money, market stringency will be felt when the Balkan crisis is ended, as the belligerents will require £100,000,000 to make good the wear and tear of war.

EVERYBODY LOOKING TO' LONDON FOR AIONEY. a- u _ L ,° NDON ' May u! As a result of the failure of recent hSZ IS Ta ir \ Lond ™ the question is v being asked, whence are all tne millions to come to meet further heavy borrowings in the near futurT? Financiers, according to the Daily Mail are regarding with considerable trepidation the outlook for the next few weeks, vnth probably heavy demands on their resources. China wants £25,000,UW. American railroads required huee sums to bring them to a state of efflfi!ffl y C P P^. with ever-expanding traffic. Australia is known to be anxious to raise a few millions in London. Finally the Balkan States' borrowing, as an outcome of the war, is another factor. ' "The situation "savs the Daily Mail, might be less difficult if investors were • Availing to lend, but trade activity causes money, which might otherwise be available, to be locked up. Elvervone who can make good use of his funds in his own business seems to have no desire to tend them to China, to America, or to Bulgaria." Seeking a. reason why the shares of some public speculative companies with doubtful prospects may readily be subscribed, while first-class investments are ignored, the Daily Mail says there is a possibihtv that the public has not been tnade sufficiently aAvare of the opportunities afforded by these investments, adding : As a, rule, because of the dignity or something of the sort of those responsible, loan issues are grossly under advertised and not properly explained to the great public and the issuing houses Avill not stoop from their pedestals to j explain.

"Thus a sound loan is pushed aside by a more enterprising company monger, marketmaker or bucket s_opkeeper who knows how to present his ware* attractively."