Rensselaer Semi-Weekly Republican, Volume 34, Number 31, Rensselaer, Jasper County, 17 December 1901 — PAYING THE PIPER. [ARTICLE]

PAYING THE PIPER.

Stupcndons Fall in British Securities During the War. The stupendous fall in British government, rnilrond and industrial securities since the South African war commenced is almost without precedent. In two years, the Bankers’ Magazine says, the net decrease in the value of 325 selected listed securities amounts to the enormous total of £143,946,000. Consols, which the day before the Boer ultimatum were quoted at 103%, are now 9113-16, whereas, in the same period, several foreign government stocks nnd American railroads rose in value’ about £47,000,000. The decrease in fourteen British and Indian government funds amounted to £76,392,000. The common stock of nineteen British railroads lost in value, in the war period, over £69,000,000, while the decline in railroad debentures and preferences brings the total loss to over £IOO,000,000.