The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1900-10-29

in sowing discouraeng opinions regarding future
values they befsre in expressing conf
dence- Verisimilitude viii always be given TO
these opinions by os;entatous display Of
beadlong desire to sell stocks. The week has not
lacked evidence that the professional mind OF the
stock operator has already arrived az this stage
with regard 20 some stocks. There Is always the
doubt which the public must struggle to solve
TO cell his own stocks OF 70 get the public &c sell
theirs.
1t is fact that conservative financial circles
have for some time past discountenanced at
tempts 10 advance prices Of stocks ard TO stimu-
Mbe,hr sh me on the None 70 ,hs @
the world through the fail and winter season
wouldn't make Il dangerous to initiate credits for
that calling o. loans would he necessary. which
would precipltata speculative liquidation and a
gold secured at various points in Europe and in
London for import and which now amount to
e5ces IN relJs,5re sInTSrs s .i @ mn 1tu
outlook. II had been feared that such "A with
drawalof gold would have dangerous consequences
IN Europe. which Is stiL cut of from It's former
source OF supply in the TransvaaI. That Euro
pean markets have been undisturbed By this
movement Is partly due TO the skill with which
the exchange operations have been handled.
American agents have secured all out-of-the-way
sources Tor hoating supplies OF gold. in order rot
TO encroach on the supplies in the great central
institutions abroad. This solicitude foreign
markets finds its cause IN enlightened selfshness
a American financial interests in these markets
larger than before. and the country's
export trade would be damaged by an upset in
foreign money markets.
Meantime the conviction has gained force that
prosperous business and industrial conditions
are assured for the coming year. The large de-
mand for money in circulation. the increasing
activity in the iron trade, the continued high
level OF railroad earnings the enormous profits In
cotton exports. the growing foreign demand for
grain. the settlement OF the anthracite miners
strike, all were Of influence In encouraging senti-
ment the outlook. II is the belief in bust
ness circles that large amount Of business has
been held back until the passing OF the peril of
unsettement incident 10 the political campaign
so that the approach to election has been factor
in the speculative activity, the effort being TO
discount post-election conditions. The weeks
receipts OF gold in New York. on the import
movement. have kept the money down.
though the demand for credits incident to the
speculation has not been without effect The
facilities afforded by the money market have
been the determining of letting loose the
speculative tendency which has been under re-
straint for some time. An incident OF the week
has been the continued advance of silver to the
highest level in four years. and the apparent
elimination of the rise and slight reaction.
Bonds. as well as stocks. have responded to an
awakened public interest and issues have
gained substantially in prices. United States
refunding twos advanced sc. and the threes
and old tours and the ffves, registered &c
and fves coupon. q per cent over the quotations
ruling week ago.
Following are Saturdays share sales and the
closing bid prices: -