The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-10-08

high for the better class of investments.
are steadily rising. In London the specula-
new corporate undertakings. The amount
OF new capital applications averages over
fl,000 900 per week, and for the first nine
ESQ. 600. 600, against 10000 for the same
months of 1893. This, IL is true. is much
below the usual rate of new London issues,
terprise and investment. The home trade
of England also exhibits a reviving tone,
with a strengthening tendency IN prices.
The marked recovery of confidence through
out Europe in the maintenance OF paclnc
International policies seems TO be some
dition of the Cars health, but IL is not
easy 10 see why that should not rather
benefit new world Investments than other
wise. Judging from the tone or the London
press the feeling of distrust towards Amer
lean securities, occasioned by the current
To- abate. There is more disposition to buy
our securities, but transactions show a
preference for the better class of stocks
and for bonds. AS the traffic of our roads
improves and our general trade RECEIVERS
this movement may easily extend to the
more active shares and become the basis
movement between New York and London.
The present unsettled condition of politics
in this country no doubt has some effect
upon those Of our investments which rank
below the position of absolute security, but
the history OF our legislation affords so
many evidences of a commen-sense result
Coming out of erratic ferments of public
opinion that London financiers should know
how 10 take our present surface currents
of political sentiment at their real value.
The recovery of trade following the
passage OF the tariff act appears to have
exhausted its first effects on Wall street.
The two months OF active distribution of
merchandise has sufficed to meet the i'm
mediate wants of the retail trade. and
there is consequently a curtailment Of the
demand at wholesale and an interval of
waiting until the usual second demand for
replenishing stocks appears. There APP
pears. however, to be no real reason for
son Will prove reasonably satisfactory. The
retailers themselves were the best judges
OF what amount of goods they could dis
pose OF, and it Is reasonable to suppose
that. liberal though their purchases have
been. they have taken no more than their
customers will want during the first ard
more active half of the season; and, assuin-
ing that, 1t may be allowable to hope for
a fair renewal Of demand during the latter
period OF the season. Wholesale dealers.
mates upon this late demand. and are pur-
suing a tentative course in their con-
tracts with the manufacturers. They are
likely to follow a BIKE policy in respect to
which is no more than would be dictated
by sound business policy. Indeed, there is
nowhere any disposition to discount the
future from the standpoint of sanguine ex-
psctations. "A continued gradual recovery
OF business through 1895 is counted upon,
but no early boom is generally antici-
pated. The imports of merchandise show
a large increase, being for the last week
OF September. $40. ZOO GOO; against $4,000
regarded as partly the effect of the revival
of business, and partly a reaction from the
holding back OF goods in anticipation of
the new duties. The movement is there
fore not to be regarded as in any way ex-
ceSsiye."