The Indianapolis journal., 1896-01-13

HENRY CLEWSS WEEKLY REVIEW.
Naturally, under existing circumstances,
business at the Stock Exchange has beer
dull. in both the investment and specula-
tive interests" says Henry Clews in his
review Of operations in Wall street last
week. There has been a distinct abate-
ment of the excitement over the Venezue-
Ian question. Throughout the country the
militant furore has abated, and on all sides
there Is disposition to encourage pacific
methods of dealing with the question. In
deed, it may be said to be a foregone con-
clusion that the governments and the peo-
pie OF both countries will cultivate an atti
tude calculated to bring about an arbitra-
ton fair in its terms and adapted to in
sure an early settlement of all points in
dispute. The effect of this change is TO
suspend the return OF securities from
abroad. and to remove the question of
war from the arena of speculation
THE governments choice OF a popular
subscription to the one hundred millions
loan, instead of placing the negotiation in
the hands of syndicate, has for the mo-
ment checked recovering tendency In
prices which was beginning to appear.
Wall street. however. has very generally
come to the conclusion that, should the
cient in amount. nothing is likely to pre-
vent the bank syndicate from finally taxi
ing up the balance of the bonds not COW
cred by the popular subscriptions. There Is
thus no distrust about the treasury getting
its 800, ,00O 900 of gold within a month; which,
after all, Is the main thing needed; and
that certainly should suffice to help conf
dence during the interval Of waiting. In
the meantime, the stock market is sustained
by the extremely low level of prices, which
on the one hand prevents selling out, and,
advance when the treasury troubles have
been provided against for another year.
TIE renewal Of exports of gold has been
chiefly due TO the delay attendant on the
popular loan; but the symptoms Of the mo-
ment suggest probability that the ship
ments may not run to any serious aggre-
gate
committee have evidently been in a Rip
Van Wrinkle sleep, and awoke Just In time
TO vote for the free silver measure, for
which there is no demand elsewhere. The
long trance of these gentlemen has left
them in ignorance as TO the change of senti-
ment that has comel over the spirit OF the
people of this country in connection with
silver in the last several months. They
could not know that IL has become a dead
issue beyond the power of resurrection.
hence their affirmative vote for free silver.
They have not realized that the last twelve
months has been pretty lively period.
to remain wide awake for self-preserva-
ton This country Is now permanently on
among first-class nations of the world in
point of credit, and IL IS there to stay, and
our own product of gold alone justifies Ii.
silver that we can't find a ready export
market for at remunerative prices for the
arts In this country and for subsidiary
coinage The white metal, therefore, will
never cease to be cne of our paying prod
ucts Even at the present price II Is
more profitable crop than wheat, corn or
oats. and mine owners of silver. by con-
trast. have no ground OF complaint"
Saturdays Bank Clearings.
At Chicago-Clearings. s13220,04S. Money
on call steady at per cent: on time. 6D
exchange. asked
Foreign exchange unchanged; bankers Gon-
dom sterling. "a 4ssik@4S7A.
At observation-disclosures, s10.oo40f6; bal
ances, g, ,f55. 119.
At New Orleans-Clearings 81 g73S21
At Memphis-Clearings. $4s6.616; sales. $780,
SOC
ances $40 o34.
At Roston-C1earings. sl4.Sl0.2io; balances.
At Baltimore-Clearings s2.SsS, ,355; bal