The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-02-25
BANNEa cLEWs' VIEWS.
The Financial Outlook rs seen From
Wall street.


New York. Feb. 23.-Wan Street is fair
~ taken by surprise at the stupendous
success attending the syndicate's nego-
uation OF the new treasury loan. Two
weeks aso. all was in the gloom Of ut
ter uncertainty as 10 whether the treas
ury could be kept afioat or Il must sink
from lack Of rescue. Now. the status of
the public credit is elevated before the
world by bids for ten times the amount
Of bonds offered. and by the fact that the
major partof the subscription is made in
Europe. This fact is as remarkable for
lis revelation Of the large amount Of
capital seeking employment as it is for
its evidence Of the high standing Of our
national credit The result so far exceeds
all that Wall Street has been anticipating
that II IS taken by surprise by the sudden
appearing OF a new situation for which
u has not been prepared, and the uti-
Ration OF which it has as yet no imme-
dlate plans. There, however can be no
second opinion as to what all this por-
tends. There is. no place for bearing
and buying must hencefOrward be the
order OF speculation, backed by large
reinforcement of confidence in London
and ON the continent Indeed, we take
II that the events of the past week will
strike the keynote for a revival of conf
dence the world over, and for "a general
recovery of business that has been held
in suspense for the last three years. We
may expect to witness. at an early day,
the effects of the marshalling of men Of
capital for promoting a lively specula-
tive campaign; but, during the interval
of preparation by those leaders. the mark
ct may not show any especially striking
changes.
The immense subscription IN London
to the current bond loan is an evidence
that foreigners have a higher estima-
ton of the intrinsic worth of United
States government bonds than we have in
this country. The signal success in lOat-
ing this loan cannot fail TO lead the way
to a revival Of confidence in American
railroad securities which are now down
TO prices that should make them look
inviting, for speculative ventures at least.
The speculative spirit i'm 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 symp-
toms OF its growing weakness; which
will afford an opportunity for other i'm
portant measures to be called up. in
GLIDING the pooling bill, which, together
with the appropriation bills. will about
fiji up the short time remaining OF this
wretched congress, the ending Of which
will terminate. TO very large extent,
the suffering of almost every household
throughout the land. II would certainly
appear from all present indications that
better times are at hand
To recapitulate the things In sight to be
considered in diagnosing the situation, are
the following
The pooling bill may yet pass this con-
gress.
The adjournment of congress, now near
al hand.
The new crops will bring the benefits ac-
cruing from a sheltering winter.
The opening of the spring trade has
very fair promise
The 500 O000O0 gold reserve is made good.
The London connection. under the lead
Of the Rothschilds. with the new govern
ment loan, again opens the door in London
to American securities.
The big profits that viii be realized from
the bond negotiations may be expected
20 encourage the buying of other Ameri-
can securities on an important scale.
The prospects, therefore, are quite good
for "a turn in the tide of Wall street.