Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-12-06

extract the following figures Of the silver
and gold coinage of India. stated in dollars:
Silver, 1858, $36 297 132: 1889, $37, sl4 E9),
S57 ,9Sl, 1928 Gold, 1885, s10s21; Es9, $ll0.32s.
From these figures one can readily see how
deeply Anglo-Indian interests are involved
in the silver question, and the Eastern pos
sessions of the Queen may yet be heard OF
IN the halls of Westminster.
The coinage of India in 1890 was 10000 900
greater than in 1888 or 1885, and the extra
Indian demand this year for silver, together
with the increasing demand for coinage and
speculative purposes in this country just
january A. 1880, accounted for the main
tanned rise in its price during che latter halr
OF 1890, notwithstanding dear money and
disturbed financial position in all the WORLDS
markets. This year the demand from 1ndla
Is more nearly normal and average one,
and its failure to keep up its exceptional
imports of 1890 is one of the chief causes OF
the present low price of silver. The exports
OF silver from London to India during the
first nine months of the present calendar
year from January to October S, 1891, as
given bv Mr.. Leech, were f3,093 626, against
t6. SOL 156 in the same period Of 1890.
The market for good, high-class dividend
payers was very strong, and this ls the very
best sign one could desire in stock ma rket.
The buyers of the New York Central, Lake
Shore, Northwest ST. Paul preferred and
Omaha preferred are not mere scalpers on
shoestring margins tryinG to make
Christmas present for their children; they
are men of means who are attesting their
faith in the earning power OF these great
properties. This kind of buying will almost
sur. ly lead to a burst of general speculative
strength that will carry up the second and
third class of stocks and excite active and
Duoyancy of opinion among the rank and
hle of operators.
and this, too, despited the fact that tele-
graphic service was generally interrupted.
We look for higher market Monday"
Waiting Period.
Henry Clews 6 Co. say: ga stage OF the
year has now been reached when, in spite OF
favorable conditions, the market is not
usually responsive to movements for ad-
vancing prices. In three weeks, we shall be
in the midst of the diverSing influences of
the chief holidays of the year. The period
of taking stock, making up annual accounts,
providing for I'M terest settlements and MAX
ing variety OF annual Hquidations, is not
a time for initiating speculative campaign;
and, therefore, whatever may be thought o:
the legitimacy of a rise in stock values cor
that now bears upon the stock
market, it is not to be supposed
that any important movement of
that characte: is likely to appear until near
the close Of the year or at the beginning OF
1892. During that interval we may possibly
witness some irregularity in the market. The
bears will need to exert all their skill and
power to e1tricate themselves from their
large short commitments; and such tenn
porary successes as they may have will af-
ford opportunities for buying. On the other
hand, it seems quite probable that outside
happenings may preponderato on the favor
able side. The improving tendency of at
fairs in the interior and in Europe, the effect
of the crops upon railroad earnings, the
growth of ease in money, and the return of
gold from Europe are influences that are
likely to continue to further develop
throughout December: which may be ex-
pected to steadily prepare the way for
later movement toward higher prices, which
it seems to be very generally conceded
would then be legitimately due and likely to