The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-03-19

These movements naturally strengthen the
hopes of our home silver faction, and give
them an influence in legislation they would
bill finally becoming law, its effects would
probably result In its early repeal by Con-
gress ana a consequent reinforcement Q I
the national credit through favoring de-
based money.
There has been during the week some
slight revival of London buying of our Sc
c%urities. but IL seems to have been incident
to the condition OF the exchanges and has
little real significance. There can De no
doubt that the tendency of the Bland bill
has had a depressing effect upon our Sc
curities abroad-as has anything that tends
10 weaken the assurances afforded by the
repeal act. London Is evidently in the be-
ginning of an active speculative movement,
for several colonial securities and the Turk
ish and Egyptian loans have advanced to
prices above the highest of the last ten
years; and yet American issues, in spite
or their ~cheapness, have so far remained
neglected. and investments in them have
been mainly confined to gold-bearing mort
CAGES.
slow rate. II is to be expected that. at this
season, we must ship that metal, but II
less than usual for the spring months. The
February exports of merchandise show an
increase of S5,200.O00 over those of a year
previous. The imports for the month ex-
hibit a decrease of s24, 900. 900. which, added
TO the gain in exports, makes the February
trade balance nearly $50. 900. 200 more in our
"a u AAdl IL "do GF1IkG JIM RASFA Cao-
1t is TO be remembered. however, that dur
ing the first quarter of 1893 We had an al
m nssInst un me- @btab a ads9itsd in fra the e saianGe
binary export of gold that preceded the
panic. We can well enough afford to spare
ouf SeriouS cOnseouences- as our hanks
hold an unusual supply.
The situation. as a whole, is one that
must be construed as on the mend. Out
side the influences connected with Wash
inGton affairs have a distinctly hopeful pros
pect. General trade is reviving, manufac-
turers are regaining confidence and resum-
of our foreign trade is strictly conserva-
tive, and there is no doubt of money re-
year. But there is likely to be a dispose
ton to operate within moderate limits un-
til the Bland bill is out of the way"
Saturdays Bank CIearings.
At Chicago Clearings, s12. 672, 900: total for
week. sU,052,OO0 Sterling exchange firm;
actual rates, $4872q4S9. Money rates, 4G6
per cent.
At New York-Clearings, 81. 6ss, sS7; bal
ances, A,652.S1S; for the week, $469. 245. 533;
balances, $780, 23, 297.
AT misunderstanding, S13,016, 5s4; balances,
S,!4S,l72 clearings for the week, So. 7S7, 1856.
At Observation-Disclosures, $40, 297, 603; bal
ances, $9,5Se, 1928.
At st. Louis-Clearings. 49, 3s, 1874: for the
week last year. s24,5S6, 1876; balances, s46s, 293;
for this week, $2,645, 726; last week, 50. los, 202;
same week last year, $2,5S1,520. Money duh
at 607 per cent. Exchange on New York,
90c premium.
At Cincinnati-Money, 21a66 per cent: ;
New York exchange, 40q60c premium; clear
ings, 81, 1853. 100; for the week, 81 .437, $50; last
year, S14, 0O6, coo.
AT MISUNDERSTANDING, s2,379, 966; bal
ances, 1914, 468; for the week. s12. 1902, S23; bal
anceS, 81, $50, $50.
At New DEMONSTRATING, 81, 421, 211.
At Memphis-New York exchange selling
at par; clearings. S235, 452; balances, s13l, 1914.
The total bank clearings Of all the clear
ing houses of the United States for the
week ending March II were 1864, 57, 500,
against $S7S, SCI, 366 last week and 81, 2S5, 297,-
4S2 the corresponding week last year. a de-
cline of 1913 per cent, against a decline of
29.e per cent. made last week over the cor
responding week in 1893.