The Roanoke times. [volume] (Roanoke, Va.) 1890-1895, 1893-07-02
ClEvELAND'S PROCLAMATION.
1t Meets With Universal Ap.
prevail.
Had Magical Effect in Wall Street.
Secretary Gresham Expresses His
Views on the subJect-silver Rises 8
Ponce in London-The Timetable
League VIII Fight Repeal of the sher.
man Law.

New YORK, July President Cleve-
lands proclamation had magic al effect
on values at the stock exchange this
morning. Everything on the list scored
an advance and improvement ranged
from II to per cent. The bears vera
heavy buyers and in their eagerness to
cover bid prices up on themselves
There was good buying for investment
account, and taken altogether. more
confident feeling prevailed in financial
circles.
SECRETARY GREsHAM's VIEWS.
INDIANAPOLIS, July 1.-Secretary
Gresham was at the Bates House to.
day. He has been vising his mother in
Harrison county, and stopped over here
to see few of his friends. 1t was the
first time he has been in Indianapolis
since he became member of Cieve.
lands Cabinet, and his old associates
gave him cordial welcome. II have
not seen the newspapers for couple of
days until this morning" said Secretary
Gresham, and l don't know Just what
has been going on"
Have you seen that President Cleye-
land has called Congress to meet in extra
session on August ~"
oo' nave just nOtlceQ that In q
morning paper, and l am very glad, in
deed, that he has done so. | believe
there was general demand for the
meeting of Congress earlier than Sep.
tember and the call, think, will do
much toward allaying doubts that exist
as to the outcome Of the financial con-
ditions"
"Do you think Congress will repeal
the Sherman act?'
II certainly believe 1t will; will saw,
too, that two weeks ego Congress would
not have repealed the act. know
whereof speak when l say that
Secretary Gresham refused to discuss
other questions that were suggested to
him.
WHAT CONGRESSMAN BLANCHARD THINKS.
ATLANTA, Ga, July l. Hon. N. c.
blanchard, Of Louisiana. chairman of
the House committee on rivers and har
bors, passed through Atlanta this morn.
ing on his return to his home from
Washington. He understandings an.
proved of the Presidents call for the
assembling OF Congress
II favor the repeal OF the Sherman
act, he said, ''but think there should
be substitute adop ed in lieu OF It,
which will recognize the principle of
oAhoeoilSu All bOm6 eueCLlV0 form. and
which carries out the pledge made in
the last national Democratic platform
for the repeal OF the 10 per cent tax
upon the note issue of State banks
SILVER RISES THREE PENCE.
LONDON, July There has been An
advance OF three pence in the price OF
silver here today. The quotation for
bar silver is now 33]6 pence per ounce.
TO FIGHT REPEAL.
WASHINGTON, July General War.
ner. president of the Bimetallic League,
TO day sent to the members OF the
executive committee telegraph in.
quiry as to what date would best suit
the m for convention, and suggested
July 25, and the place as Chicago. All
the replies were favorable, and the
matter was left in General Warmers
hands. Although he has not finally
mt cided, he is Of the opinion that the
convention will be held at the time and
place named The OBJ ect OF the gath.
ering will be to organize so as TO inf]u.
ence Congress- favorably in the dire ton
OF silver. and to fight the repeal of the
Sherman law If such repeal is 10 be
made without Offering some kind of sub.
stitute.
NAV