The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-10-15

WEEKLY REVIEW.
Henry Clews, OF New York. in his re-
view of operations in Wall street, last
week, says:
The stock market as yet shows no signs
or violent change either for better or
worse. Notwithstanding the professionals
are likely to remain "a control i'm the abb
tract q substantial demand from the pub
lie. The industrial properties continue to
absorb more than their share of attention,
and still form the disturbing element
In the market. jnasmuch as they are de-
stroyers of confidence and are causing
other securities to suffer unnecessarily and
without special reason. There are but few
unfavorabie situations, however. out of
which do not come some good result, and
this one is not likely to be an exception,
ss in the end 1t Will tend toward a re-
vulsion of feeling which will place the in
dustrials in the background, and specula-
tive favoritism will once more be with the
been worked for nearly all it is worth
IN connection with the. former class of
securities. and the tremendous losses which
outsiders nave suffered as a result OF in
siders' manipulation are undoubtedly going
TO prove a lesson not easily forgotten. and
oce which VIII naturally turn the current
OF speculation away from manipulated
stocks and towards securities the move
ments OF which are governed by natural
causes and not by the Vaccinations of a
few men. The situation of the railroads
Is encouraging as far as the outlook is
concerned, and although their present con-
0AAA1A - uOt III THAI COQiO De desired or
may be expected later on, it is at least
a guarantee of better things to come. and
earnings are good when the general condi-
ton of business throughout the country
Is considered. IL must be remembered that
railroad returns now are being compared
With those of a particularly prosperous
business was being done. Wnen they are
compared with the ordinary traffic re-
turns the showing is not so poor after all.
Ing SO well learned the prospects for a
marked Improvement in net receipts is
good when the general business situation
begins 10 mend with more raDidity, as
soon II Will. The granger stocks have
suffered Tor a long time on the prospect
s Cl sm has o corn crop this tbs year. bus this
as present indicat.-ns certainly point to
the prospect OF considerably larger yield
than at first ex-1eseo. The washington
agricultural reoorf. issued on the 10Th in
slant. shows that wheat and corn had
increased over their estimate of last
month. and Information from private
sources from almost every direction is TO
the effect that the crops this year are
much underestimate by the government.
All these form another reason why an
Improvement may be looked for later en-.
fo-. when 4 stock or class OF stocks is
unddly depressed a reaction is natural
moved or discovered TO be principally the
result OF error. II has always been a
practical mposslbiiity To induce the pub
lie ID buy stocks wnen they are away
down. but after the range of prices has
advanced to a considerable extent out
.siders begin to buy. The thing to do is 10
purchase while il can be done at low
prices and before a growing demand has
advanced values. This OUGHT To be "A good
time to buy properties which enjoy con-
hdence. with the idea OF putting them
away and holding them for a few months
at least. by which time the prices for all
good securities will in all probability reach
a much higher level. London. though for
some time past having shown a muca more
marked degree OF confidence In american
always is at present doing a little liCui-
dalton Is 4 result principally of the slight
fear OF political Disturbances. Should this
continue l. may result In a moderate ship
Eieaf or gold from this side unless there
should spring up an Increased demand
abroad for our grain and cotton. The
strength IN the sterling exchange market
has naturally entered into the situation
10 a certain extent as an unfavorable fac
tor. but with the present su~rerabuadance