The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1885-01-31
GREAT I,I,rrA1N.
Lack of Confidence III U.lted States secu.
" rifles.

Lack of Confidence III U.ited States secu-
=" rifles.
LONDON, Jan. SO.-A correspondent
made calls today on the leading Gnan-
ciers here with the object OF ascertaining
their views in explanation OF the present
lack of English confidence in American
railway investments; also to learn il they
could suggest any remedy to Americans
with view Of inspiring better feeling
here. Mr.. Edward Barring, OF Messrs.
Barring Bros, said:
"There Is no doubt that all restoration
OF confidence must originate on the Amer
lean side"
What advice do you give as remedy2"
"That is very large question. Let
them pay real dividends and cease their
follics. The whole thing is matter of
time; yes (meditatively), time, time"
Nlessrs. j. !. Morgan 4 Co., agreed that
the revival OF Investments in American
securities must originatcin America, when
1t would be promptly taken upliere.
1--WE ourselves" said member OF tho
house, "arc full OF confidence. We
already see marked difference and i'm
proyement on their side. Many Judge the
state Of affairs by the current price ot secu-
rites, which are admittedly low Just now.
We look further than that; We see trade
looking better, and people are beginning
10 make money again who, in six months,
will have money 10 invest. The improve
ment in trade must iorerun the trade in
securities. The first advice VIC would
give Americans is 10 arouse n
stimulus and to cease coming
silver. Their banks arc full of useless
metal. Gold is the currency OF all other
Nations. Investors in Europe do not care
to buy bonds and shares the interest OF
which may be payable in silver. This is
question on which We hold strong ideas.
Another recent fault, when wheat was up
q few weeks ago, was that the Armours
were over.greedy and refused TO ship, ex-
pccting further rise, but wheat went
down, although still 10 cents higher than
the worst OF months ago. The rapid sales
in wheat now going on may benefit the
railways"
NIessrs. Morton, Rose & Co. agreed that
it was well understood that any revival in
the dropping American market here must
originate on the other side and not in
Europe.
"0ur advice is, don't cut rates; actscnsi-
bly,. There is no sense in directors en-
gaging in mutual suicide. II is difficult to
give advice for the betterment OF tho in-
vestment market. English people have
lost SO much money and confidence. 1t
remains with Americans 10 restore the
latter"
Mr.. Alfred de Rothscllild said:
Improvement can only come from
America. All changes in Europe must
originate in New York. l do not suggest
any remedy, because the present bad
market is more owing 10 bad trade which
time alone can cure, perhaps. Well, poor
management in some cases has produced
the bad effect universally seen here on
American investments"
"Thc Bank OF Engand's discount to-day
was reduced from 5 to percent. This Is
in consequence OF the unusual clleapness
of money. Funds recovered from l.1G to
/. The reduction, Of course, caused better
feeling on Change, American railways
were steady and there was no change ex.
cept in Central Pacific, which fell of
percent.