The evening world., 1893-10-31
BANKERS ON THE REPEAL,
They Say the Greatest Obstacle
to Business Is Removed.
a Gradual but Certain Improvement
May BE Looked For.

The prevailing opinion in financial
circles to-day Is that the repeal OF the
silver clause is certain to be followed
by an improved feeling and greater oc-
tivity in all branches OF business.
Some thought that the stoC'. market
did not respond to the expected boom
this morning, because the action of the
Senate had been fuzzy discounted in tn"
advance ot the past few days, and that
those who bought for the rise were
realizing.
1T is only a iitile furry said Banker
Henry Clcws this morning, (Which Will
soon cNpcnd its force, and then tn"
market will settle down upon . solid
basis, with a prospect of graIuNl but
certain Improvement. ,
This menace which has. throli"rcl
the value Of our securities III the mar
kctI OF the world for 50 long a une mas
UC'n removed. and New York instead of
ptlns IA mere local market, Is gnlnL now
To- become again one OF the world mar
kCt-.
II do not anticipate n serious dis
turhance from the agitation in Congress
of the tariff question. Ihat mas, hetn
discounted To a large extent by the dl-
minishei production in all manutactur-
ing INDUSTRIES
addison CammaCk. the prominent Wall
street OPERATOR, Sdll lllAS Ilpl INNS.
when the bear panic fairly start't
last May, everybody looked after II rea
sorable period for prices TO stop de
see. ding the downward srlde. Rallies
Of from 3 to ) points were freely pre-
sure to sell was checked from time ,tc
time, and most Of the active shares die
recover from L. to l 1-2 per cent.
These advances, however, only served
as an impetus for a further downward
movement. The public clamor is run
ming. the other way new. While DO
"rhe iral disposition Of tn silver
question by the senate said Mr.. Sellg'
ag-ment to every branch of business
in the country.
The results may not he apparen,
Immediately, and nothing can be Judge
Of the situation by the course of th'
stock market to-day, or possibly foi
many days to come. -,
They will develop gradually. and vii
b" manifested in the returning confidence
Of la'ge operators in the industrial field
who have been waiting for some decisive
action by Congress before undertaking
important Enterprises
President j. Edward Simmons, of Thu
Fourth National Bank, hailed the repea
vote in the Senate as the first Erea
step towards a restoration of confidence
in financial and commercial circles al
over the country.
I'm repeating, the pernicious Silve,
law" he said, Congress has gone to thu
root Of the evil. and has given thu
country 4 sound and stable currency
which is the foundation Of all business
prosperity"
The final passage of the Repeal bill
has served to stimu ate the cotton mar
ket, both at home and abroad. Hubbard
< Price say this morning:
NOV that all doubts rs to the sound
rcss of American money have been dis
PEELED, 1t Is to be expected that we shall
see "A constantly improving demand 70
American cotton.
President A. b.. Hepburn, of the Thir,
National Bank, said this morning:
The repeal must have a beneficial
effect on business. The depressing in
lucnce 1t might nave in silvcr'his. Il
my Judgment. been largely discounted
Production has been diminished and sill
yer mines have been getting into "A posi-
ton to handle the product solely wit
reference to its commercial value. Shout
India impose an import duty on SilVe
1t might cause a further depression"
Our silver legisia ton has been one o
the principal causes of business stagna
lion. That is now removed. Others
however, remain People will not EN-
bark in large business enterprises s.
long as prospective values are likely t
be effected by changes in the tariff.
Settled business conditions are in
dispensable to business prosperity, an
for such development We must avail
the action and adjournment of the pres
ent Congress-