The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-02-25

Of which st has as yet no immediate plans.
There. however, can be no second opinion
place for bearing. and buying must hence-
forward be the order OF speculation. backed
London and on the continent. Indeed, we
take II that the events OF the past week
VIII strike the Keynote for a revival OF
confidence the world over, and for a gen.
eral recovery of business that has been
held in suspense for the last three years.
the effects of the marshaling of men OF
capital for promoting hveiy speculative
campaign; but, during the interval of prep
aration by those leaders, the market may
not show any. especially striking changes.
Bull speculation in London in American
ably be as pronounced as it has
the Barring panic Of November. 1880. The
Rothschilds and other leading London
loaded condition 10 Of the Barring firm and.
in anticipation of their collapse, were quick
to shift their load of Americans to this side;
now four and one-half years-that the Lon
don attitude has been not only to dis
courage the buying. of American securities.
but to encourage the selling of everything
American. The foreign press has also been
dead against our Investments. and their
attacks have been OF a most vigorous char
acter. Recently, for the lack of some
thing better. South African holes in the
Seized Upon with aVdty Ea an eve
dence OF the Wild speculative spirit that
HAS COfIle over LOHQOn OPERATORS, an enter
prise known as the Rand Mines in South
deends. but has none in sight. has been
Under q recent reaction they are now ac-
lively dealt in at f22 a share. great
many similar schemes have advanced in
equal proportions with immense dealings
IN them such boom probably has never
been equaled before. Paris, Berlin and
pated in the speculative furore with great
success The profits which many operators
private advices from London are to the eff
rect that the successful operators in these
and willing to take hold Of American d rail- rail-
road shares, providing the currency of the
country is put on a fairly safe footing, in
OF prices now phenomenally low the inclin-
alton is TO do it in any case.
The immense subscription In London to
the current bond loan is an evidence that
foreigners have a higher estimation Of the
ment bonds than we have in this country.
The signal success in floating this loan
cannot fail to lead the way to a revival
of confidence in American railroad securi-
ties which are now down to prices that
should make them look inviting, for specu-
spirit in all the European money centers
Is rampant, as we have indicated from the
African gold craze. The silver movement
In the Senate has come to an end not only
without serious consequences, but with
significant symptoms of its growing weak
other important measures to be called up.
including the pooling bill. which, together
with the appropriation bills, will about fill
up the short time remaining of this wretch
ed Congress, the ending of which will ter
ing OF almost every household throughout
the land. 1t would certainly appear from
all present indications that better times are
at hand.
ITO recapitulate. the things in sight to
be considered in diagnosing the situation,
are the following: The adjournment of Con-
gress now near at hand. The new crops
will bring the benefits accruing from a
sheltering winter. The opening of the
spring trade has very fair promise. The
$100, 900 900 gold reserve is made good. The
London connection, under the lead of the
Rothschilds. with the new government loan.
again opens the door in London to Ameri-
realized from the bond negotiation may
be expected to encourage the buying of
other American securities on an important
scale. The prospects, therefore, quite
good for turn in the tide of Wall street"