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Show im:Ki.Y .iXAH'iu, itr.rir.tr. lllLMIV Cl.KWH, tha 'veil known banker of New Vnrk City, In his week. ly rrsirt for the week ending March lh, 1691, nay that there waa an Im-prominent Im-prominent In Iho slock miiket, owing to the payment of the usual quarterly dividend by Ihe I lock island Company. This road has inwt-rful onrmlea In Wall Hlrrol, nnd they predicted the non-payment of Iho usual dividend, The result, forn time, was of a "bearish" tendency, but now tho reaction haa set lu, and Hock Is. hulls booming. TlioHt. l'uul It also looking up. Its earning are on thu Increaso, nnd It l'resldent has gone to r.uroi to farther the Interest of lilt road. Th economy and relronoh. ment adopted' by the granger ronds, and by tho aouthwostern line lu gen oral ha teu productive or benrlli. This In addition to tho prosrct of good crc-iu for tha comluK year hat wrought a fcellngof confldencu among stockholders. Tha winter wheat pros. fCta aro very favorable. This, with a good crop, would make a boom for western railroads. Thu various unthraclta coil com pnnles have received a aerlouaeetliack-from aerlouaeetliack-from thu Cox deulslou by Ibe Inter KUlo Commerce Commission. Thu Infurrno la drawn that coal stock nra willing now entirely on their merits, and that they are at high ni they can go. In Now Hnglanl, and lu several of lha Atlantic Hutos, April 1st Is aelllliig day. This cxums a dlsturbnucu lu tho money market for Iho tlmu boltig, and Ihe result Is generally a break lu stocks. This year no audi disturbance la ex. iectl, because Iho Daring llros. ililll. cully It long alucu settled, nnd the weak und timid aro not In the market now. The present surplus bank reservn Is nmpla to meet the April demands. Tho national banking law rtqulroa a rcaervu of (wenly.ftvo per cent In years post thla rraervo wat sometime drawn on at April, but thla year there will be no nccaslou to do no. Of tha situation In general Henry Clow a says: "The effort to croato uneasiness In tho luatteruf gol.i;shlpnient was too trans parent to tie or long duration. The ofllthd ttuUtueut of January 1st, Issued jSjjgSgSJi3 t j by the Treasury, showed thnl tha slock Of coin und bullion held by th Department Was UUOOO.Ouo eddlllonsl. There It In the h-o.lt nf th public, at issst (.UO.nOO,-(Ml (.UO.nOO,-(Ml of gold, thst Ihe shipments of l.,;.yi,WU last week, wbli h was not much more than one-naif the amountdrawn from lxindon duiing the November and lieeeuitnr money dlsluiliane here, was not lu luetf of rltsl Importance, nor should It bo shrnlrirsnt of prolonged drain rih precious nistal from this cintre, lllsiiolomitusl lo make shipments ship-ments of gold at Ihls perll or th '-r. as then Is mostly hot llltle rite let In tho wny ol our pro-limit pro-limit tl,.t :uni, ha need of, their wauls li.vl.. i..... .......UaI. f.ur el- rl. nf iii,.rcl,sillo during llielwelt moiilhs lo dat ot.r Imports-wlill" I hate not iho lljurct nt my lun.1 atllie moment I am miiII sure will ahow very largo Intlsoco In our rarer. II l not nnllbely, l,.,nevrr, Unit the tiliirn of American seenrllhi lo ihlt si le will iMtx-ssllAte more gold going forward during dur-ing Iho early spring. This certainly will tie Ihotnsounlesaa thangQcumcs In fa-voroflmyliixtKHit fa-voroflmyliixtKHit Mime or the stocks Ihst litre U-tn sold for london ocvount, This I. not s all unlikely, at th condition condi-tion nfall lb inomy markets of liropo are rrjKirt,-,! as being shixnaot and tvllh-imtany tvllh-imtany psrtlcnlsr or unutnal demand. It must 1st remembered, !, trwt Ihe eiiwrtsnf silver for Iho ptt yer hav onlylMen about (J,VOO,0', es agsiusl noaily ia.oon,ooj Iho nrcvlous rear." Tho week started with an catler Hlcrllng llxrhangn market, somewhat contrary to what wasexched. Ilia due to this fait that no gold waa ex-porteil ex-porteil during the week. The eiolt aenre ho had Its worst, for Ihe time belug anyliow; and If shipments of gold should be rerlrnl. It would not make such a panic, lu Wall Hlrret as II did before. |
