The Standard Telegraphic Cipher Code for the Cotton Trade

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Perceiven . .
Dollars Pounds Sterling.
i,ooo 1,500 2,000 2,500 3,000 3,500 4,000 4,500 5.000 6,000 7,500 8,000 10,000 12,500 15,000 17,500 20,000 25,000 30,000 or or or or or or or or or or or or or or or or or or or 200 300 400 500 600 700 800 900 1,000 1,200 1,500 1,600 2,000 2,500 3,000 3,500 4,000 5,000 6,000 200 MONEY MARKET AND FOREIGN AND DOMESTIC EXCHANGE.
Perceiveth Bankers are calling in their loans.
Perceiving . . Don't like the look of the money market.
Percentage.. . .Money stringe
...nt.
Perception. . . .Expect money to be tighter soon.
Perceptive.... do. do. easier soon.
Perchance Money panic prevailing.
Perching Money very scarce.
Percolate Time Bills unsalable, , Percolator . . . .Money easy.
Percussion.... do. easier.
Percussive . . . .Money matters improving.
Perdifoil do. are getting worse.
Perdition Banks are not discounting.
Perdue do. discounting freely.
Perdulous . . . Bankers are charging very high rates for money.
Peregrine We think the worst is now over.
Perempt Money stringent with us.


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