OCR Text |
Show ttrtKI.) I ISAM HI. IlLTIIVi. Till lle-J'y rinanclitl UtiUie of Henry Clews of New Vork, for lha week ending February , ISIM, aays that the loue of alTalraln Wall ritreet has Improved. Tho "bear" element was cautious, while the "bull" side took tho aggressive In au upward cam lgn. ThaA'eilsinsaya. "Ihlsehangs of lone can hardly l-n sal I lohainbe-fi the result of ane tiling nsw of decided hi!)rlanea In the actual stliia niton. It has been some gain that ss tho contest bolnreu Ilio two sides on tbo sll 'riU-stiunilevel ipt thsthanpetor the pro-siller rty being drf,u-l (st lestt for the prosent saselon) deel la-!ly lm pnnei an I although somo do-jsrstoix tolleuts may still I edoj tel by the inlu lug tlilerosts, yet ttnlr iiltlmste defeat seems re tj probable. Tills lint no d mbt to InsI Hie lone i f tho market quite ma e-rlallyi e-rlallyi fir His pxsllillllv f the enact m-ml of free coliisgi has had a more se rkiusly dstiisghig elfact li-on eoulldenee In high quarters than Is generally appro-h appro-h ii lei " All improvement Is noted In the January earnings of Western railroads, thu fact Is reassuring l-scau-e the contrary con-trary was exiiected. Ileeldc, It ljs Iho butt for n hope that the future of theso roads will also becomo 1 rlghter. Chicago advices resjrt actual advances lu rate and a more or list general tendency to higher charges, both for 1-a-sengers and freight. The Western Hallway Association has well nigh completed all IU working arrangiraenls, Including the allotment of tranlc, and with good rotpeclsof amicably regulttlng comiKtltlon by Its new system. However, hostllo legislation la e xj-jcted at thu hands of tho (Iraugera and of tho Farmera' Alliance, but if any such legislation should be attempted, It will be fought with vigor, and with an appllcatbu of constitutional tests, Imtli Hlate anl Federal, that will be likely to settle elfectually, warfare of this kind. Mr. Clews concludes his review with the following remarks: "Iloth bees and In london, money It le-coinlng le-coinlng so abundsnt and holdora of ll-ancesare ll-ancesare becomlug so aniloustoemploy them, that tha sllglihat syuiitom of lm I rovi-d eondltliiiis lu tnveslimnts inttst eneoursgo bu i Ing Vuieoetr, It Is to bo kept In mind that Iho recent irMshas left liehlnd no wl lest road det n-sslon or dlaorgsuleatlout Its check lo business hss Isvu but in iiueutary and sura rficlal, an I thocreallill nt national wealth Is going nnat Its usiisl rate, while tho launch ng of new corporate enlsrprlsi s Is at the lotte-l minimum, there luii-t l,o thcro-fore thcro-fore tho usual lrgllhusta deinund for In vestment set il rtlletf an I whin Iton Is au 1 stocks yielding filo e r eeul on th, Ir eurretit msrkct talus call be had ill largo amounts, au I uiouoy Is excetllonslly low an I llksly b remain so for the year pill. It hardly seems to a Imll of a sen.i I O'lnlon whither an aeUre buying of stocks Is not au eleuiont of tlio near future. "Ihellank of I'nalati 1 was priparnd to sy Its AVHUU loin from the llsnk of 1- rsu -a w hen she reduced hi r rats to a psrcent,anltliiMUesllunlhvra i-f 1 j-ur cent for mousy lu tbe or-n market, lu the elo-e j rotpei t of such au luijortaiit withdrawal from the bank, shows how extreiuo tlio tao luf Intlou mu-t be. Tbe uncertainly as lo the noal ill.pc.wl of tho free eolmgo mnvemont Is, at the in Infill, a serl ius drawback upon lAiidou hue tug our sine ks, but la the si ent of tbe itcfeut of silver leglslsllun Lon Ion buying buy-ing Is likely lo nstuino a voluuio Hist will surprise Wall Street, anl pnieoagrtut stimulus to pries nt both stuck and bonds." |