Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1891-02-11
WEEKLY FINANCIAL REVIEW.


TnE Weekly Fmanoiai Rouiep OF
Henry Clcws Of New York, for the
week ending February ., 1891, says
that the tone OF am,irs In Wall Street
has improved. The 'bear' element
was cautious, while the "bull" side took
tho aggressive In an upward cam.
paign.
The Rcui,v says
"rhis change or lone can hardly be- aid
TO have bocu the result " anything now
Of decided importance In the actual situi.
alton. II has been some gain that. as the
contest between tho two sides On the Ill
Nor question develops tho chance, Of the
pro-sllyor party being defeated lat least
for the present st.slonl decidedly Inn
prove; aud although some desperate OK.
pcdionls may still be adopted by the miu'
ing interests, yoi their ultimate defeat
seems very probable. This Inns no doubt
helped the tone Of the market quite mate
rally; for tho possibility Of the enact
mont Of frcs coinngr has had q more So
rlously damaging ciisct upon confidence
In high quarters than Is generally appre-
hcndcd."
An improvement Is noted In the
January earnings Of Western railroads.
The fact Is reas-uring because the con-
tmry was expected. Besides, Il lays
the basis for n hope that the future Of
these roads will also become brighter.
Chicago advlces report actual advances
In rates and morc or less general
tendency to higher charges, both for
passengers aud freight.
The Western Railway Association
has well nigh completed all Its working
arrangements, including the allotment
OF traffic, aud with good prospects Of
amicably regulating competition by
IL new system. However, hostile
legislation Is expected ut the hands Of
tho Grangpn and OF the farmers
Alliance, but II any such legislation
should he attempted, 1t will be fought
with vigor, and with M application Of
constitutional tests, both State and
Federal, that will be likely TO settle
eiirctually, warfare Of this kind. Mr..
Cl.ws concludes his review with the
following remarks;
"Both hcro and In London, money IL be-
coming 10 abundant and holders OF bal
anccs are becoming 30 anxious 10 employ
them. that the slightest symptom OF i'm
proved conditions In investments must
encourage buying. Moreover, II IA TO bc
kept IN mind that tho recent crisis has
len behind no widespread depression or
| Reorganization; IT, check to business has
been but momoulnry and superficial, aud
tho creation NJ national wealth !. going
on a, H. usual rate. while the launch ns
Of new corporate enterprises IL NJ the
lowest minimum. There must DO there
fore the usual legitimate demand for Ia
vcslmcnt socurltc-i aud when bonds aud
stocks yielding jto d per rent ON their
current market value eau b. had Ia large
amounts, aud money i exceptionally
low and likely Ia remain 40 Tor tho year
1901, II hardly seems to admit Of second
opinion who,hor an active buying o.
stocks IL not an element Of tho noar
future.
"l'ho Bank Of England was prepared
10 pay IL cl,Oo),OOO loan from the Bank
u France when she reduced her rate 10 3
por cont, and the question there Of por
cent for money In the open market, In
the close prospect of such an important
withdrawal nom tho bank, show. how
oXtromo tho case inl London must be.
The uncertainty ~ 10 the final disposal OF
the froc coinage movement l., at the mo.
mont, a serious drawback upon London
buying our stocks; but In the sven; oi tho
defeat OF silver legislation London buy
Ing Is likely 10 assume volume that Will
surprise Wall Street, and prove u great
stimulus TO prices ~ both stocks aud
| bonds"
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