The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-02-12

not be said that such a movement Is now
within sight, although there Is now an eX-
cepuonally light supply OF export piiis: put
a worse contingency than an export OF Ten
TO fifteen millions OF the yellow metal might
happen. On the one hand il would relieve
the banks Of their inordinate glut of mon
ey; on the other IL would cheaper money
in London and on the continent. and there
by induce activity on the bourses, with the
possibility OF causing a demand for Amer1-
can securities. which is the kind of stimu-
lus Wall street is now thirsting for. There
are welcome symptoms OF revival or BRUSH
trade; welcome because recovery tnere
would help recovery here. England's inn
ports for January show an increase over
those OF a year previous, amounting 10
although the exports Of home produce snow
a gain of only $4,000 yet the large gains
In imports implies than an improvement IN
the export markets is anticipated rms Is
the first hopeful symptom that England mas
exhibited for a long time, virtually since
the Barring troubles, and it is suggestive OF
the beginnings OF a turn In the universal
depression of trade.
In this country business still shows evil
dences Of a slow Improvement Ihere Is
some abatement of the I'M OF WORK
by long idle factories and iron WORKS; puI
that is not remarkable after such a markeu
reneTal T on 69G0qessj6n remains aS greatest in
the Western, Middle and Eastern states,
while In the far West, Southwest and Souln
ii is much milder. From the latter sections
there is a fair aggregate demand 1or goous,
though Ii comes in a thin continuous stream
rdJner IMAM In acIlNe Dtlitl anu go
makes little show. Taking the trade of
January as a whole. however, IL SHOWS a
fair improvement. both in tone and volume,
on that OF the previous six months. Inc
manufacturers are waiting for nnal action
on the tariff. From such indications as the
Senate affords II seems likely thar no
Serious obstruction will arise to the passage
OF the bill in a modified form. and a month
or six weeks may possibly find II on the
ever, the duties on a wide range of articles
will be regarded as so far certain as to
admit of giving oTders ior theH anI nav
be expected.
although the silver storm exhausted
itself in midas suspension. of free coinage
and the repeal Of the Sherman act, its
ACKNOWLEDGING are still heard in various
lion has reawakened the bimetallists, whilst
1t has strengthened the conviction of the
advocates of the. gold. standard that the
restoration of silver is less likely. Mr..
Bland offers a new set of nostrums, the
London supporters of the double standard
are sounding the alarm and Boston is mus
tering its small but brave band or silverlteS
to arms. The decisive battle, however. has
been fought and won for the single standard
and these attempts TO regather the scat
tered clans can only unsettle the old fogfeS
caused by the fall in silver has largely
abated. even in the interests connected with
the trade of India, and affairs have now be-
come so adjusted to the new conditions
that the late shadow on the future may be
said to have almost disappeared. In this
country the silver faction has been so
effectually scotched that whilst 1t may con-
tinue TO annoy, it can do little actual harm
to confidence. Upon the whole, therefore,
financial conditions seem to be working into
a sounder and more settled shape and the
factors are beginning to disappear which
have contributed to the depression which
has befallen all countries"
Saturdays Bank Clearfngs.
At St. Louis-Clearings, s., 40S, 076; for the
week. $21, 6S2, $50; balances, $4S6, 453; for the
week, 81. 624,6 S3. Money dull at car per cent.
Exchange on New York, soc premium
At New York-Clearings, $40. 797, 315; bal
anceS, 1870, sos; for the week, clearingS,
$3.50, $40, 443; balances. $32, 255,6S
At Boston-Clearings, $12, SS5, 673; balances,
Sl,5Se, 499; for the week, clearings, $79, $50, 172;
balances, s., 896. 907.
At misunderstanding. s1,756,319; bal
ances. s240. 942; for the week, 81, 293, 949; bal
ances, 81, 12, 49S.
AT MISUNDERSTANDING, s6,969. COS; ball
ances, LOS. 525; for the week, $47, 172, 30S;
balances. 1854, N1.
At New Orleans-Clearings 1888, 742; bal
ances, SIZES
At Mernphis-New York exchange selling
at par. Clearings, s236,s7 balances. SCI, 107.
At Chicago-Clearings, $11. 796, 600; for the
week, S75, $50. 900; corresponding week last
year, $50, zoo. 600. New York exchange sold
at soc premium. Sterling exchange dull.
Actual 81 StS, "a Ri