The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1895-05-13
FINANCIAL REVIEW.
Horny Cloves wookly Lstlor on
tho Business Outlook.
ALL THE COMMERCIAL NATIONS
Sharing In the Change IN tho rono OF
bnsincss-hn Improved Deninnd
for American Investments Expect.
ed-No Impairment OF tho Spirit OF
cnnildonco-'rhs Demand for High.
or Wages Ia Premature.

Spotidi Correspondence OF he h,itii,sact. =
New foRH, May ll.--ln our last ad.
vices VIC recorded buying market, fol-.
lowing slicht fall In prices couaoq uont
upon ralOs to realize speculative profits.
During the frat half OF tho past week
there was again considerable realizing,
with some yielding In price. London,
however, proved ilrmer than Now York,
and large purchases wero made Tor that
market; with tho eacc. OF checking tho
downward tendency and causing somo
reaction In prices. Tho unsettled con.
dition OF tho relations between Japan
on tho one side and Russia, Germany
anu France on tho other produced hero
q certain distrust 10 tho stability OF tho
i0reign market, and favored the dispo.
sition to roaliEe here, lest some threat
cning diplomatic turn should precipi.
tate a return OF securities to New York.
Tho announcement on Tuesday. how.
ever. that satisfactory te:ms had been
arranged between Japan and China
aud between Japan ma Russia
immediately started up tho Euro.
pean demand, and hence London
was buying while New York holders
wcro selling,--a course with which both
parties seem to hgvo been satisfied.
Probably, however. tho foreigners were
the wiser OF the Two; for our own oper.
tors do not appear to have fully weighed
tho Importance OF tho settle.
ment OF tho very dangerous Ash.
ATTIC possibilities that have been osca.
ped. With this cloud removed, a gen.
cral improvement In financial interests
will appeared with renewed ylgor, tho
effects OF which will DO felt In Wall
street, in London and on tho Continent.
The late change in thetono OF business
lai not beon confined 10 the United
States. but has been shared by all the
commercial nations. There would APP
pear. indeed. to BIO stronger reason for n
recovery 10 Europe than in this coun.
try, inasmuch as there the depression
has existed ever since the Earrings fail
ure. whilst in this country 1t set in only
two years ago. The European liquida.
ton has been protracted and severe al.
most beyond all experience in the his.
tory OF commercial reactions. The re-
sult in that part OF the world has
been liquidation so thorough as to
leave behind condition OF extraordi.
nary sound OF credit. There Is there
fore good reason Tor the expectation OF
universal revival OF business, and that
view appears to be now taking hold OF
the foreign bourses. In this condition
OF awakening. all eyes are turned on
the United States. There is some hold.
ing back until it becomes settled that
the revival on this side tho Atlantic is
real and destined to develop into true
and lasting prosperity. All advices
from financial sources indicate that,
when that point has been settled, there
will be an extraordinary demand for
American Investments. The importance
attached to this contingency appears to
be mainly due to the fact that tho United
States have become such n commanding
factor in the trade OF the world and also
TO the growth OF confidence in our in
vestments. "a compared with other
sources from which now Issues NAV
come.
This confidence has already found a
remarkable strength OF expression.
During the past week Sl0.000,00O Of our
corporate bonds have been placed IN
Europe. This, added TO S6G.00o000 OF
previous negotiations, makes $4,000
900 OF securities placed abroad since tho
date CT tho syndicate lean negotiation;
and We, the syndicate still holds SILL
000,0 OF bonds, any portion Of which
stands available for shipment II any
evidence were needed OF sharp turn
Of European confidence towards Ameri.
can investments surely this should sut-
fee.
Europe no doubt still retains some
reservations on account OF tho continued
unsettled state OF our phase OF the silver
question; but those tnisglvngs have
nothing like tho effect upon confidence
that they had previous TO this year and
10 tho contamination OF tho syndicate
loan with its imrlicd assurances. And
there is good reason for this large abate-
ment OF dist,us.. It is true that, within
tho last few months, there has boon q
very conspicuous agitation In favor Of
national FREQ coinage in tho south and
tho west. which has caused acme un-
casiness at the east; ye! that excite
incns exists only among the least III.
telIIgent and least Interested classes.
and has had tho wholesome elect OF
arousing the moro influential citizens
TO action calculated to enlighten
public opinion upon the true practical
merits OF the question. Already tho
ianatical pro.silysrites are beginning to
show an abatement OF their turore, and
n great work OF education ia In process
which promises TO settie tho silver
question upon an absolutely safe foun.
dation. Foreign observers socm TO DO
in better ro5itinn for ohInrvin' ~"