The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1895-04-08
FINANCIAL REVIEW.
Henry Clows's Wcol;ly Lattor on
tho Business Outlook.
REACTION DURING THE PAST WEEK
From tho Revived hctivity-rhc Ion.
lion Market Follows Closely Our
own-rho Fluctuations IN silver.
EMPLOYERS Encouraged by I.rlsh,ur
Prospoets-ltoturn OF Prosperity.


4 YORK, April G.-Snturally, there
has been during the past wcok some RI.
action from ,hc roy;voL oo,i,;,,
,a,,,,. l.. .. " !" '"o
'' " p''ecs pFe'a'i'hG WITHIN tho
TWO preceding weeks. Some Coasidcra.
bio realizing has boon dono In IN,
| stocks vh;ch had oJ,,,,,l ,,.,,...1
T.. ~. ''o''' "uu'
~ " ''o"iu"', '"oro IL disposition
TO lot prices settle upon d now natural
level. It ia not. howsv,r. In II, h,pco
iniorrod ,ho, ra.;..I
H. '''''a' VI '"e specu'a'
"'e sp'''s nav exhausted 'tseli IL tho
lato recovery. It means simply that
| tho market Ia still conqerv,,;vs and di..
no,oj >, ,,,,, .,..L. ..,.--
-. "'A ''o'As on 'no'' lnei''s'
,a'ncr 'nan iorco an advance oil pricos
ny nero manipulation. Tho important
nu'nhces nave been mainly IN n low
s'osHs suoleGt 10 special improvements
III rhe'r connition.
Iheto sun remains the largo mass oil
Granger anu Southern and Southwest.
oth shatcs, which have participated but
nom,h"iiy IN tho recovery OF prices,
ana besides lhosoa miscellaneous group
Vi iow priced STOCKS. inc market has
undergone mono OF tho e~veninG'up that
usually attends IN active movement III
IN set OF specialties. And yet 1t seems
~,easonaose TO anticipate such Il process.
ror, IN tue hrst place, 1t Is now evident
'nat 'ho specu'atiVo spirit mas SUN.
e'ohl'y recovered TO follow an upward
movement; anu. IN tho next place,
nero nfo a's'inct conditions that war.
taht inc expectation oil IN early I'M
ptovemeht III the BUSINESS oil tho rail.
foaus NJ atS Inc spring rams IN the
wheat SECTIONS nave iaiu tue oasis Tor
soou crops, anu that IN VARIOUS ways
.ehus 10 improve prospects oil western
.fauhc. Inc marked improvements IN
,eade CONDITIONS referred to below also
lays the oasis ior an enlargement in
tonnage OF n Kinds that pay the higher
rates oil irol%ht. Tins we must now BIO
close upon n stage oil Improvement in
inc earnings oil the roads at large; and
ohe or Two weeks OF increases IN the
weekly statements oil traffic would givo
q strength to interpretation that could
hardIy iall TO make a recovery oil prices
general throughout The railroad list.
such n movement may be, regarded rs
due at any moment
Inc London market follows closely
our owh. 1here mas been no scare at
the reaction IN New lorS, nor any note.
worthy reaiizinSs here on London &C.
count; there is some buying OF our
pOlI hAnFtnU honda and alien nj TIM
cheaper speculative stocks; but these
transactions arc not large enough to
make themselves folt in the foreign OK.
Changes: On tho whole. 1t may be con-
Guided tnat the attitude oil London to-
wards American Investments has under
gone a distinct Improvement.
b late unusual fluctuations in tho
price oil silver have attracted consider.
aoie attention. The ups and downs
nave been largely speculative; but 1t is
not easy TO satisfactorily explain the
motives oil the speculation. The move
ment mas been chiefly confined 10 Lon
don, ana mas not caused any important
operations mere, the supply on the mar
ket being Too small to admit OF large
transactions h prospects OF a bl.
metallic convention being called natnr-
ally suggests to some the hope OF n
nearer approach being madet TO n settle.
oil tho silver question. The price
TOO has. Tor some time, been exception
any low ana, IN some quarters, 1t Is be.
lleveu that the product oil the metal -
declining; but on that point there Is
considerable d'tierenco oil opinion.
Again, many lake II lor granted that
the payment oil the Emma Indemnity,
assumed TO DO i0o, ooo,o1O silver yen. or
Sl9O,OOO,OOJ III gold, VIII cause n large
demand for silver and its subsequent
boarding; which financial inanipn!ators
might easily use effectively rs an Gle.
mcnt OF speculation. FROM the 'and'
point o! these iactors. there was cttcc.
two material Tor such 4 speculative al:
vance rs has beer realized. Onc-llalt oil
the recent rise mas, however oeen 1851
during Inc past week; ana thnt inct
seems TO indicate that the eauers oil
the movement have taken to realizing.
There Is an opposite set OF factors
which might easily make them willing
to do 30. ~ While there is much pro-
liability that another silver conference
may, be called, yet the chances OF its
reaching any substantial agreement arc
q different matter. ~ h best
authorities on this side oil the Atlantic
take little stock IN the s~upposition that
the American product Is diminishing.
(3) The purchases OF war material in
Europe by the beIliGcrcnt Aslaslcs have
been 10 n very largesamount. some 90
TO GO millions; and payments Tor them
havo been made in tho two nations,
which is now held by Aslasic agents OF
the European banks that have collected
those funds, available for use in the