St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-03-30

SILVER LOOKING UP
Spectators Seem to Consider
the Chances for a Confer
ence Brighter.
GERMANY MAKES NO MOVE
The World Is Waiting for the
Kaiser to Take the In
itiatory.
GERMANY MAKES NO MOVE
STEWART is PESSlMISTIC.
He Says Bismarck's Influence
Will Defeat the Hopes Of
Silverites.

WASHINGTON, March 29.-Sena-
tor Stewart, of Nevada, is among
those who do not consider the pros
poets for an international monetary
conference very bright. He does not
believe that one will be called. Re
ferring to the matter, he said:
THE main dependence of those
who count upon an international
conference appears to rest upon the
supposition that Germany will take
the initiative. / do not expect Ger
many to move in that direction. 1t
is we'll to remember that whatever
the reichstag way resolve, action
still rests with the emperor, and l
do not see any favorable augury for
silver in the fact that the new chan
cellor, Prince Won Hohenlohe, has
received instructions to consult Bis
marck in the affairs of state. The
revival of the Bismarck influence
is not favorable to silver in that
quarter"
The United States has not yet Civ
en- any assurance, other than that
contained in the passage of the VOL
colt resolution by congress, of it's
readiness to participate in another
monetary conference, the chief rea-
son, perhaps, being that as yet it
has not been invited to such a gath
ering. There has been considerable
discussion as to the attitude of the
administration in the matter of q
conference, and assertions have been
made that the president was not at
all anxious to have one held. This,
there is good authority for saying,
is not the position of the admin
1stration at all. On the contrary.
there is declared to be a desire to
have a conference if there is any
prospect Of obtaining results. 1t is
probable that some expression of
fear that there was not at present
much prospect of anything being
done. by conference has been con-
strued to mean that the administra-
ton was not in favor of any such
gathering. s.
SILVER RISING.
NEW YORK, March 29.-The adj
vance in silver in the open market
in London today has been followed
by corresponding rise in bar silver
here, which has led to increased
strength and activity in silver GER
tificates. The official price of silver
is fixed at p. m. daily in London at
meeting of bullion dealers. and this
rate stands as official, notWithstand-
ing what operations may have been
made prior to or subsequent to the
Official announcement. The price is
thus fixed in order to enable pro-
ducers and smelters to form a basis
for operations. Today's advance in
the price of silver is attributed to a
growing belief that England will
consent to join the bimetallic con-
ference, which now has assurances
of representation from the United
States, France and Germany. 1t is
said that Spain is in the market as
a buyer of bullion in connection with
the Cuban Instruction.
Bar silver closed quoted at 29as
pence per ounce.
1t is impossible to secure confirm
alton here of the report from Lon
don that the United States has con-
sented to enter the proposed inter
national monetary conference, but
the best information obtainabIe is
to the effect that in case the call is
issued, the president will accept the
invitation under the terms of the
law enacted during the last session.
and appoint the three delegates nee
essary to complete the commission
on behalf of this country. MANY of
his best friends express the opinion
that he will not forego any oppor-
tunlty that promises substantial
progress to promote an international
agreement on this question, but add
that he will in all probability pre-
fer to see the terms of the call before
taking action.
Senator Daniel, one of the dele
gates appointed on behalf of the SEN
ate, was in the city today, and ex-
pressed himself as pleased to hear
the report that England was ia
vorably considering the question of
representation at the conference.
and said he had been fearful that
that country would take a position
which would render the conference,
If held, incapable of accomplishing
substantial results. He said also
that while he had no information
with which the public was not in
possession he was of the opinion
that the conference would be called
and that the United States would
be represented.
INQUIRY WILL RE MADE