The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1892-04-21
THE FINANCIAL REVIEW.
Operations Last Week Restricted by
the Approach of the Easter
Holidays.
Solid Bottom Evidenced by Re-
sistance to Free Fling Of
the Bears.
A Probable Revival of the Demand for
American securities-Favorable Con-
dition of European Markets.

NEW YORK, April co. Special. The
last circular issued by the banking house of
Henry Clews d Co., IL, IL and Is Broad
street and IS Wall street., says: The ap-
proach of the Easter holidays has tended to
restrict operations during the week both
here and in London. SO also has the un-
certainty respecting Richmond Terminal
affairs. As soon as these hindranoes are
out OF the way We look fer an active and
Improving market; for both natural and
speculative forces are arranging themselves
towards just such u course.
The market has been subjected to a fair
test of its strength during the last few
weeks of reaction, the "bears'' having had
a free fling at it and the outside public
having almost forsaken it; and vet it has
throughout showed u force of Resistance
which demonstrates that it has a solid
bottom. This strength is the more re-
markablo considering the very large
amount of securities that has been stead
lily flowing in upon Of from Europe.
amounting to probably considerably over
600 in value, within the last twelve
months; and also considering the disap-
pointment of the common expectation that
our large crop would bring us correspond
ingly large imports of gold. The forces
shat have been employed to break the mar
ket nave manlfestly exhausted their vitality,
and affairs have reached a position in
which a recovery in prices seems TO bs
naturally in order.
lhe defeat OF free coinage of silver and
the probability thas in the future silver will
either be protected under an iuternatiopal
compact, or will be rendered innocuous bv
reducing or stopping it's coinage in the ab-
senoe of such an agreement, ia becoming
more and more regarded as of the frat
Importance az q factor in the future ynlua
of Investments. 1t saves the country from
the worst form of bad faith that can at9liot
the credit of q nation. and demonstrated 10
the world that though our political %institu-
tons may admit of temporary orazos of
popular opinion, vet We can ALWAYS denend
safely upon the sober second thonpht
OF our people. There can be no doubt
that. OF the largo amount of our
secu rites returned from Europe. a
very considerable part was sent as the re-
suit of apprehension that they might be-
come payable IN deprecated silver and
from a fear that the prosperity of the
United States might be seriously retarded
by the threatened insane policy OF unoon-
dational free coinage. Now that Europe
sees a reasonable assurance that this dan
ger has been averted, it In reasonable to e1-
pect a return of the demand for our invest
ments, which has been withheld for twelve
or eighteen months. Since the Barring com.
motion the creation of home enterprises in
Great Britain and Germany has almost
ceased. and it is therefore to be expected
that In both countries there will be a dis.
position to put the current arninp of the
people into the issues Of other countries
Already such u tendency is very apparent in