The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-04-08

these a miscellaneous group of low priced
OF the evening-up that usually attends an
active movement In a set or Spec1ait1eS.
And yet il seems reasonable to anticipate
such a process. For. in the first place 1t is
Ecw evident that the speculative spirit has
sufficiently recovered to follow an upward
movements and, In the next place., there
are distinct conditions that warrant the
expectation of an early Improvement in the
spring rains in the wheat sections have
laid the basis for, good crops. and that in
Western traffic. The marked Improvement
IN trade conditions referred to below also
lays the basis for an enlargement in tom
rage OF the kinds that pay the higher
rates OF freight. Thus we must now be close
upon e stage of improvement in the earn
ings of the roads at large; and one or two
weeks OF increases in the weekly state
f4ents of traffic would give a strength to
this expectation that could hardly fail TO
out the railroad list Such a movement
may be regarded as due at any moment.
THE London market follows closely our
own. There has been no scare at the
reaction in New York, nor any noteworthy
some buying Of our gold bearing bonds
and also of the cheaper speculative stocks;
but these transactions are not large enough
to make themselves felt in the foreign
exchanges. On the whole, it may be con-
Guided that the attitude of London towards
American Investments has undergone a
distinct Improvement.
"The late unusual fluctuations in the
price of silver have attracted considerable
attention. The ups and downs have been
largely speculative; but 1t is not easy to
satisfactorily explain the motives of the
confined to London, and has not caused
any important operations here, the supply
on the market being TOO small to ADMIT
bimetallic convention being called naturally
suggests TO some the hope of a nearer APP
preach being made to a settlement of the
silver question. TIL price too has, for some
time, been exceptionally low; and, in some
quarters, it is believed that the product
of the metal is declining; but on that
point there is considerable difference of
opinion. Again. many take it for granted
that the payment of the China indemnity,
assumed to be 400,O 900, 600 silver yen, or
l90,0o0,00o in gold, will cause a large demand
which financial manipulators might easily
use effectively as an element of speculation.
was effective material for such a specula-
tive advance as has been realized. One
lost during the past week; and that fact
seems to indicate that the leaders of the
movement have taken to realizing. There
is an opposite set of factors which might
easily make them willing to do so. a.
While there is much probability that an
other silver conference may be called, yet
the chances of it's reaching any substantial
agreement are a different matter. CD
The best authorities on this side of the
Atlantic take little stock in the Supposition
that the American product is diminishing.
C.) TIL purchases of wal material in Eu-
to a very large amount, some estimate
fifty to sixty millions; and payments for
tUeII nave Deen maze IN the silver or the
two nations. which is now held by Asiatic
agents of the European banks that have
collected these funds. available for use
as a preventive of exports of silver from
Europe to Asiatic centers. And a., while
there is little doubt that China may have
to pay a very large amount of silver to
Japan, yet it is evidently intended that
the payments shall be made in installments
extending over a long period; and the in
demnity will thus be simply a transfer of
silver from one .Asiatic country to another
"a n may TX n a x~n 4 n rt,r -, 49, Ill.,
movement between Europe and Asia. AS a
matter of speculation, there fore, this silver
situation has many sides to it and many
employers are encouraged by the bright
er prospects for a gradual and almost sure
return of prosperity. They have, in con-
sequence, in nulneous instances, commenced
to voluntarily advance wages, which in it
self is substantial evidence of their conf
dence in the ~permanency of the Improvement
which has already taken place, and in each
instance where wages have been advanced
a corresponding makeup has been made
in the stock in trade of those who have
taken the initiative in this direction. For
railroad building is beyond doubt about to
be. commenced. A larger construction of
ing year than for several recent years
past. This cannot fail to give considera-
wen as an impetus to the proiitable prosduc-
tion of iron and steel. The very large adj
vance in leather goods of every description.
ready put that industry back to its
former prosperity. Cotton and wooden
goods are also finding an increased demand
at advancing prices. Business recovery is
very perceptible in all directions, and the
better is largely due to the belief that we
have witnessed in this country the last of
tariff and currency tinkering. as well as
other detrimental national legislation for
years to come, and from appearances there
cur which will upset the present advance
movement towards Improvement in business