Wood River times. [volume] (Hailey, Idaho) 1882-1915, 1892-07-23

interests they may have left behind.
Probably the amount of stocks resting
in this position is by no means incon>
siderable; but such holdings are chung
to with confidence, for tho reason that
the situation is steadily improving,
and because it Is therefore expected
that the fall will open with a situation
favorable to higher prices.
The impression appears to be very
general, and we think the event is
likely to show that it is we'll founded,
that the series OF reactionary in
nuences which set in with the Earrings
suspension have now, after an interval
of about two years, worked out their
worst results, and that hence forth
whatever changes may arise in the
general situation are likely to be for
the better. Indeed, already. traces
Of steady recovery arc apparent both
in the Old World and the New.
Though capita is still cautious, yet it
begins to show anxiety for employ
ment. The willingness Of the London
RothschiIds to undertake a loan of
100000 for the Transvaal Governs
ment is significant symptom OF the
disposition of London capital to return
to investment in foreign enterprises,
and it will have its effect in encour-
aging the recovery of like enterprise
in other quarters. 1t is the keynote
of the beginning of financial revival
in Europe. Even thus early also,
there ara signs Of the return of life
:. among the dry bones left in the wake
OF the destruction OF credit and enter.
prise in the Argentine catastrophe,
and the great mass of obligations
which had SO enormously over>dis.
counted the resources Of that fertile
country are now finding buyers at
advancing prices, while the premium
on gold is steadily declining. The
harvest prospects in all European
countries, excepting considerable are as
Of Russia, are hopeful; which, -taken
together with the probability of sur.
plus Of close upon 200 10000 bushels
of wheat being available for export
from the United States, means a
year of cheap bread for the millions OF
European populution,-a factor which,
in that part CT the world, always con.
tributes to popular content and the
= encouragement OF trade.
y The aforementioned symptoms war
rant the hope Of a steady recovery OF
. trade and finance in the nations OF
= the world. This is the more import.
:. :. ant to the United States because the
foreign financial depression Of the las,
:. two years has been attended with the
return Of large amounts of securitie'
4, to this country, and with large drain.
49, upon our stock of gold,-movement.
- which would naturally be reversed If
=, the event OF recovery abroad. 1t il
. doubtful, however, whether sufficien
importance has been attached to tn,
:. significant fact that we have SO it'll,
= felt the pressure srisine from this un
precedented return Of our obligations
:. and the withdrawal of our best money
!. 1t has caused no perceptible checl
:, upon our industries, nor has it pre-
vented the issue on this market Of
large amount Of new corporate loans
and had it not been for the fears ex
cited by the insane silver agitation
ap this exemption from sympathy will
&c. European causes of trouble would
have been still more marked. Ths
&c there is q steady, not to say large
Is improvement in the volume of HON,
he trade now going forward, is mad
ed clear from tho fact that the clearing
at the combined Clearing houses o
Us the country, for the first half of tn,
OF year, show All increase of Is per cent.
to notwithstanding that the transaction
'ly At the New York Clearing House hav
m been largely curtailed by the creation
'e. of the Stock Exchange Clearin.
ys House, Under the general condition
IT. above cited, and in view of q cleare
s'- ascertainment of the results of tn,
ed harvest-which still remain a matte
JUS OF uncertain esti,nate-it seems reas
ay enable to infer that, after the quiet o
zee the summer recreation, the men o
al. Wall street uill awaka N rho onproo;