The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1894-04-02
FINANCIAL REVIEW.
Henry Clowss Weekly Lpttor on
tho Buslnosa Outlook.
SOME SYMPTOMS OF IMPROVEMENT
In tho Tono oftho Stock Aiarlsct.-Ihc
toot tho sc!gnl0ra.o Bill nn In-
valuable Gain Toward the l.ccOycry
of ConildcnCc-liOpcs for tho Flu.
turc-rhc General Situation.
satciaI cornponIlnce u I'D InlelIinmctr.

.
Sptela' Correspondence OF mc IH'e'Hgrnrtr
NEW IOUH, March 3l.--Thc past week
has shown distinct vymptoms OF i'm.
rrovo.,,o,, f., ,,o ,on, ., ia, .,o,l.
rOIs'." ,r, - '''o WV VI Wv ' ~" " :
lh"l"c' Ahc'c HAS peeh moro setlca
feeling oil confidence; broader interest
has been dGycloucl in both tho specu.
I,,ivo AND ;,,,,,,,o,, ,or,,,mor,..
''0','''0"' "'"' ''''0''' ,
transactions nave become more sehofa1
outside tho morcullar "industrials;" and
somc OF tho prominent "bear,n hayO
,rrrod o,,. a., m,,ov at. =, ,,.
Market
III general sense, this Improvement
Ia duo to tho monv influences that huvc
g.. ,o, H., ,,, ,.;, ,I,
''' ''"'o '''.' "o'"'"7 '0""'N' "
Detter conuIIioh oil business, an" II Ia to
20 regarded as ono oil those spnrts OF
cautious hope winch marx Inc stages oil
tho STEADY process Oh rot"th towards
normal CONDITION oil aIIalts' anu wilicl
are preparing the way 20 really active
upward movement III values. 4hcfc IL,
however. one special cause Tor inns I'M
proven ieel'hS' winch IS quite import
nh'' Inc general confluence Ill inc
ifeSiuoAt VeloiiiS INC seIGnloraIe PHI
Has III" hotaoie elICcL III EUROPE. Inc
man iHct "i''cll mas kept LONDON "N'n'
!eres'cu III American investments uur-
'hSa very marked recovery IN othcr &c,
cuflUcs on that market, mas neeh lNcu
apprehension lest thrfe might DC more
or less feCantatioh OF tHe uecIGeu anti
sIver po!icy Indicated III inc iate sus-
pension oil silver purchases. mat Is
me ono point on Whlch the European
markets arc sensitive ana wary towards
our corporate issues anu tiat dIstrnst
Nus peeh eNhip'tea IN ah a'hiest to'a'
cessation OF foreign demand LOT our
STOCKS ana Dohus lor cohs!uefaO!e
''mc past.
Even the iarIs Bourse seems 10 have
delayed Its contemplated admission oil
americans TO us call principally on
tnis account what mas most concern
ell these foreign ceatFes IS chiefly the
question MS TO what may DO the Presi-
unht attitude on inc SILVER issue; Tor
'Ney nave lett mat, II he could DC trust
euto prove faithful 10 the poIlcy oil the
repeal act, no serious harm from the
uhsonhd money danger could come
Tor the next three years, which would
cover these contingencies lar enough
alead 10 serve all present purposes.
Inc assurances sent across tho Atlantic
that the President could be depended
upon 10 veto the bland bill. have had
the elect OF bringing large London or
ders Tor bonds anu stocks during the
past week, thereby stopping the ex-
port OF gold. II Is reasonably argued
that II snch Important transactions
nave oeen made III simple anticipation
OF the iresluents veto, the demand is
likely TO prove much larger when the
expectation Is confirmed by the TACT.
ms matter OF the possIDl o London
demand Is more important than might
DO supposed at iirst sight. The con-
tinued increase IN British trade and the
active speculation on the London cx-
change are accepted MS clear evidence
oil q new era oil confidence ana enter
prise IN ufeat britain. Inc suspension
OF new creations oil corporate capital Tor
inc last TWO or three years mas resulted
IN real scarcity OF Investments, and
prices OF certain KIND oil securities are
becoming aohorma'iy hiSh. Alert bank
Grs ana promoters are on the iookou;
Ltst lor bargains IN existing issues, and
next iof opportunities Tor new enter
hfises' LONDON agents are now IN tins
country prospecting Tor business oil thls
kihu. lhey are likely 10 ma plenty o!
chances growing out oil tho very marked
curtailihent OF raiIroad construction
curing the last lour or I'VE years.
echemss oil that character arc now
III process oil formation; and, at
a later stage, European capital is
likeiy 10 nave us opportunity Tor
participating IN their irultion. Evi-
dence as yet beneath the surface indi-
Gates that, 10 soon as pending obs,uc.
1--WE legislation Is out oil the way and
uusiilcss mas resumed It's normal course
there VIII be launching OF new enter-
pfises 'hat VIII give employment to the
large amount oil now ldle nome capital
ana NJ the same attract active co-opera-
tion from loTeign money centres. 1t
therefore would no. be surprising ii,
twelve months hence, We find the United
states anu Europe IN the midst OF
marked revival oil Investment and spec
uIatlon. Wall street begins to discover
the am outlines oil this future. The
prospect Is contributing to more hope
lul, not to say sangulnc, feeling; and us
the outwofklngs OF these tendencies
become gradually more apparent, the
spirit OF speculation will develop and
values VIII correspondlngly advance.
The RESIDENTS veto OF the Bland bill
Is an Invaluable gain toward the recov.
cry oil confidence. 1t Is not only reaf-
ilrnatlOu of tho conservative m0nntorv