The new dominion. [volume] (Morgantown, W. Va.) 1876-1904, 1894-04-07
Still Improving.


Financial Review, the course of tn,
Stock Market has indicated that til,
rising tide of speculation is gradual
ly gaining force. There has beef
more buying and at better prices ant
transactions have extended from tn,
industrial to the railroad list.
The Bland bill, which was passed
on Thursday by the Senate, had 9
temporary depressing effect. Hith
erto, it has been regarded as a mat
ter of no really serious moment; fol
it has been taken for granted thai
the President would veto the meas
ure. 1t now seems, however, thai
the kind of political influence tina
secured the passage of the bill in tn,
House and has carried it through
the Senate has been brought to beal
upon the President also. What ma,
be the effect of this pressure upor
Mr.. Cleveland is by no means Ger
tain at the moment.
At the moment, the silver ques
ton seems to be energizing itself fol
another of its desperate spasms; we
hope its last, but it is still capable
of causing more than little mis-
chief. In New England there has
been gathering Of the scattered BIZ
metallic forces; the organization has
the misfortune, however, of being
composed chiefly of doctrinaires
The London Chamber of Commerce
in obedience to the urgency of the
India and China trades, has appeal
ed to the Government to promote
the reassembling of the Brussels
monetary conference, with view to
considering means for restoring sill.
yer. Whether the Cabinet will con-
sent to adding another insoluble
question to its other unmanageable
embarrassment remains to be seen.
Such is the situation of silver and
such the growing aggravation of that
that no outcome seems
possible except the conclusion that
the disorder is impossible of adjust
ment excepting through the power
full auspices of an international
agreement. The supply of the met
al has become absolutely unmanage-
able;and the depreciationh as become
80 great that no conservative govern
ment alone could be expected to &C
cept the impossible task of restoring
its value. These movements natur-
ally strengthen the hopes of our
home silver faction, and give them
an influence in legislation they would
not otherwise have. In case of the
Bland bill finally becoming law, its
effects would probably result in its
repeal by succeeding Congress and
a consequent reinforcement OF public
opinion against further duplicating
the rational credit through favoring
debased money.
The gold export movement moves
at a slow rate 1t is to be expected
that, at this season, we must snip
that metal; but it will probably be
found that the outgo is less than US
ual for the spring months. The
February exports of merchandise
show an increase of SIS, 100000 over
those of year previous. The i'm
ports for the month exhibit de-
crease of $24, 100000; which added
to the gain in exports makes the
February trade balance nearly $780,
100,00 more in our favor than it
was twelve months previous. 1t is
to be remembered, however, that,
during the first quarter of 1893, we
had an almost unequaled adverse
trade balance against US, which re-
suited in the extraordinary export of
gold that preceded the panic. We
can well enough afford to spare any
gold that is likely to go out now,
serious consequences, as
our banks hold an unusual supply.
The situation, as a whole, is one
that must be construed as on the
mend. Outside the influences con
nected with Washington, affairs have
4 distinctly hopeful prospect. Gen
sral trade is reviving, manufacture
srs are regaining confidence and re-
work on the old scale, the
of our foreign trade is
strictly conservative, and there is
40 doubt of money remaining easy
'or the remainder of the year. But
here is likely to be a disposition to
operate within moderate limits until
ihe Bland bill is out of the way.