The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1892-06-29
Stook Narluis4 Conditions Were d.
oIdsdly More Satisfactory Dur
ingyshs Past Week.
NouninAtions Brighten the Outlook
lpr L~s9ia1atinn Satisfactory
tocVval Street


circular Issued ~ he baakine house OF
Henry Clsws b ca, II, Is and 10 Broad
sasS4A, and d wall ssrsss. says: Stock
market conditions ars dssidedly mora sat-
5istactsRy. Doubts are giving way 70 Ger
tainNe4 and : bs1nesr feeling has Inserted
itsslf during Mo wsek thas 10 certainly
jusN6sd hy tnduposes lAssly developed.
For wssks ~ - aaassss has essn a."
prsnsa ~ b sHvsR sitaasssn, gold az
ports. CROP nsws w Richmond Terminal
akaisa. In sash Of thsss respects there nan
been = distinct shanRs fss ~ eessef WITHIN
: fsw aayA TAe sssleok fes soand cur
Ssns5 lsAtslassoa - eeen etsefso oy sne
ncnatnasacn ~ Ar.ShefSasoa g me Fspooli-
csn oandidass for M prssaosnos ana MI.
Cleveland ~ NE oenosfase CANADIANS.
nszs Novsnoefs ne eceAssy Whs nos oniy DO
savsA . vass deal % aa1issy eoAssfA'nR 1ne
silves osazs. oss sAe pFospsoss s1e snos"'-
agiaa fos sAs repeal q o. lesss the worss
features IN our pressas footssn salvef Lawn
The full importance o. security from TUT
Sher reeklessnsss OF sh1s sors unsal Aisfon
n 1887, ID mot yet realized; for time IL re-
nvirsd 10 reators confidence after such q
sS-....;o5 - t.sr .,d unr.at
1on3 $500 =.
N we nsssef 81 9olo e4potss 'ns pfoo"-
bi1ity II that these will soon cease, az future
rrsin and cotton bills will be freely offered
go t.ks d. nlaca ~ uold. The anuani-
-..--,.h -h;.h ,o,S sh,,r,.c+. h.v. haor
"isy 80 49,
regarded u scnsshln9 femafkaDie. money
has been wonderfully easy, IL II true. dur
inc shs vho1a gold exporting period; but
NJ. -ss..sha, n. - -. cro.t axn,n,;on
s14s 49, 49,. N"..-s.- A.
~ s.lvss @sos'sson sno nooess.e 20,
nAnA8 upon bankers from oota tfaoe anu
sroeslative quarters than to any other
c.rs.s ~ ma sanna time. Aha traasurv in
80. .a.;.;a,, g. sn.-. m,.h cold. and
s-....S."a 49,. 49,
Snoe4n ~ osaceFn u wat1snsso aoous 'ne
treasury being not able to meet current OBJ
lidstiora, etin only the most skillful sort Of
~. 0.Y,xr Ne saxaa Il from, smharrasa-
$500 49,. -h.-.-...I ..-. -, .o,a
Asas me -oss teA' ". ~v.~
exports is That they should continue in sne
face Of such an Immense trade balance in
a.,arts .v.r ;upo-t. .morrt;no In ,v.r
e4polss o9., .mpo. .r
$lsVb4,OVu; while = yeat snefs was IN
excess OF nearly $l4,OOO,OO IN imports. In
the last steven months We have seen the OK
traofdinary excess OF exports over imports
OF $210,OO 100000: and the best calculations
are that. allowing for the gold movement,
balance Of over $~lOO,OOo.OOO still remains to
be explained. The explanation IL that this
balance was settled by the free return OF
securities from Europe instead of gold.
which has been observed for months.
Foreign investors have received a thor
ongh scare concerning the securities OF all
silver using oountries;A n no matter how
vOnNh wn n1nW h0VA knnnOnG 6nFh fAAf mn.
founded, they acted upon them nevertne-
less. Present gold shipments. even II due
to special causes, as some assert. nave been
unquestlonably 1acillsated by THIS oanRer
IN the IMAGINATION OF Foreigners OF having
interest ana principal payable IN depfeo1-
aeed silver. Inc sfutn 49, our mcfcnanolse
exports, IN spite OF oeinR the lsrRess on
record, were lnsumolent 70 pay Tor onr I'm,
ports ana seeufltles u foreign sravel
combined. IL 10 a source OF WONDER,
therefore,. that We nave been able 70 JAKE
BACK eucn an immense amouns OF STOCKS
ana bonds w1tnont more weakness on sne
New York market. IL SHOWS concluslvely
tnas Americans nave more commence IN
the Inture OF tnelr properties a Eu-
Topeans; a commence bhat Will pfooaoly
bring its rewards when the average Tor
eignef wakes up 10 the real sltuAtlon mere.
should the European demano revive, IL can
only DO satlsned at hlgner prices man now
rule.
Another development OF Importance was
the appointment or a receiver Tor hlch-
mond Terminal. Now that the worst con-
corning this property 10 now a sense OF
relief pervades the whole market. For
months this vast conglomeratlon OF stocks
and bonds has been q dead weight upon the
whole market. fortunately their decline
has been 80 gradual q widely distributed
that no serious disaster Is anticipated. A
general dislntegratlon OF the system seems
probable.
TIT crop situation has shown great i'm
prOvement since the first Of June, All the
large wheat and corn carriers have strength
ened in consequence. In fact, the outlook
for western and northwestern roads is much
brighter than for southern properties.
Such lines as are independent of cotton
traffic are doing fairly we'll; but the cotton
district lines are not overwhelmed with
prosperity just at the present; nor are they
likely to be, should we again have a cotton
crop larger than the world needs.
The outlook for the anti option bill ia un-
A canvass of the senate shows
that only a few more negative votes in ad-
to those now counted upon would be
There seems to be a fair possibility of blot
slns oul .hls slily leEisla'lve enort. II the
cottnn marheta wonld ba immsdistaia
ACKNOWLEDGEMENT -. E,u,..a ,rb;.l =, -,..-u1