Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1891-02-06


coufaged.
The New York market ia largely in
nuenced by that Of London. The
Bank Of England has reduced It's rate
Of discount from a. 10 per cent. This
shows that money Is easy "over the
water" but what effect that will have
on American securities IL yet an open
question.
Speculation In London during last
week was rs duh as twas In New York.
The uncertainty rs 70 what shape
legislation relating 10 silver viii take
In this country, is causing much shy.
ness In London among dealers in
American issues. In fact speculation
In the future, both In England and In
The United States, depends largely ON
what course silver legislation will,take
at Washington.
Money In New York Is easy in the
extreme. The net receipts Of the
banks from the interior for the week
amount to s2,75O,0oo. The transact
lions with the Sub.Trcasury, however,
show net loss 10 the banks OF $500.
900, but this Is caused by large pay.
mcnts Of duties at the Custom House.
The old rates OF duty terminated
Feb. let, and all imports In bond un.
der the old tariff law, had 10 DO with.
drawn before this date, or else be
subject 10 the higher rates imposed by
IA, Mckinley law.
Tn, noiI,,cal aud 4 d,s,,,,i condt.
u.. :, ~. ..,'..... 81 -. IL.
~. ~, -
' "''' s''P''''"'' '""'''' w ~
'oho"s'
FACTORS connected with politics and
Legislation hold tho market In suspense
and arc producing M unsettled un6or.
tone. In the States ~ well Is at wash
ington, party politics arc assuming
phases OF conflict and 'crookodncss
which suggest unwelcome tendencies In
tho work u our political institutions.
SCHEMES 10 defeat tho results Of elections
and 30 abuse tho power Of naloTitios east
u shadow upon the political horizon, aud
the tendency towards broad sectional dlf-
fcrenccs upon fundamental issues suggest
political possibilities which mono like to
consider. but which, none tho less. all are
unable 10 disregard. The sudden upris-
ing Of the Farmers party also has a die
turblng tendency. II throws practical
pollilra into confusion aud dofio. all pos.
sibillty Of frccas,lng the settlement Of
national question. upon which vast In.
forests arc dependent. Tho scilons
feature u Thu movement l. that whilst
it, broad platform includes barely slu.
vie sensible or Wholesome issue and IL
little else than an O. prcsSlon " the lowest
form OF popular Ignorance, yet II is
backed by mass Of voters possibly ,arge
enough to constitute u determining
power In the next Federal elections.
The virtual miscarriage " the Federal
Election liill md OF the oluturo rule ~
the senate seems TO nave ho'n welcomed
Irrespective OF parry "'u'on'neg'H
'ol w Is'o" ,"A, ~ wa '''pu'''sa "
~ ~, 80. 'o w. a,',,,' n.,,,",, S,,, nn
sui, vsro rom, c,,mor,ed no n.,, ma.
terial interests. The possibility of m.
passage o. tho frcc coinage bill silli con-
tinues to contribute, among other causo,,
to The dizziness Of the mtrkcii but thi.
hictor would hayc much more effect wcrc
II supposed lhal thorc !. much probability
OF Inc enactment OF 'he measure. Tho
u'''o''".A'. , suu''o'i uo''-',' " 'no ,so,'u'
~ ', Wv -, $3.50. "-y =, ''s NV, :,
-, a. ,v,'Ss'' D ~ ~ ~ n.y.
ma oh,a,inIo,loc,,,I so,,o r,,yot ,,a,n,,
forther commitments IN silver ,ur,oncv,
aud II may bo reasonably feared tina, the
loss Of his arm counsel. will leave the
President more exposed 10 tho astntc
management OF the silver men. Unless
strong successor to the deceased Secrc'
'ary Is appointed now Set OF unecr'
ulh''os must surround 'his question:
According to the Clearing House
returns given In the Weekly Trade Re-
viep OF Dunn a Co., Of New York, for
the week ending January 81, 1891,
business IL better than 1t was n year
ago. Notwithstanding the uncertainty
regarding the monetary future, hope
prevails In commercial circles, the