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Show iiiEkLr imxuti, iminT, ' I.N ma rejwtl for the week en ling Julys, 1891, Henry Clowe aaytthatlt la ueeleea to look for an Immediate up. ward movement In tlocke, lhat every day brlnga eonie freali ciuae of dlt-lurlance; dlt-lurlance; that the apprehentlve fa-cl-ingln Kuropoahowe IllUe real alto-meut, alto-meut, and haa the orlwt of keeping up theeatracrllnary eiporltofgold. The fluaurlil relatione between I.u roaaiM America aie In a very dlaor-ganlicd dlaor-ganlicd condition. Huch It the die. Iruit I ravalllng atlho foreign centrrt that uumeroua bllla heretofore cunald. trod good drawn here 011 i:uroan hou tea lievebfcomc,ln a large meaaure, unnegotlable; and the conn-queu. tcarrlly of negotiable richaugo com- b a continuation of Ihe ehl rnrnt of gold lung after Uie balance cf our ao oounU wllh the cutalde world haa ci-aeed loruleagalnat ui. Mr. Clewatayti "A con lluon of Ihlnra more calculated lo check buelneaa an 1 10 rnforve llqul la. Hon in foreign commerce could hardly be conceited, llien If there were no reel reaann for Ibla dlatruat loaanla bllla of Mchanje, thU.orl cf dlicriuilruUon la ealculatod lo cripple m;urura aul aa-porttre aa-porttre lowaytlhat eau hardly fall lo dlaturb niiilidence ami pmluca anilatr-rautuunte, anilatr-rautuunte, which la dangaroua Irealuiout under I rexnl roudlllooa. It la umluubl-e-lly a gnulfjlng eellemva of atrength lhat we have been able, without any eigne of eulterlng, to i long endure the with, dranal of the HuroiHten banking ImI aareawbkbarouaually allownl to real here, and lu a.y them otf In eaah without with-out a wtncvi but when our oxiiorl btlla become uiiaalable becauee of tbe dletruil dlroolod egaluat tbe foreign houaea oh whom Ibey are drawn, we encounter a klud cf gold dralu cf a muib more aorloua uaturei an I yet nearly all Ibe June ahtpuicnu, amounting to nearly twenty mlllloiu, bate Uen of tbla tumid character." Yet, Mr. Clewa area cood In all thla for tho future. Hurope muat irovlde for coming bad harvreU, aud tho con. trolling hankeri may deem ltrulent to dlacourage general ImporU to aa to keep down tho riporU of gold that nm-tbemalolnpurihaeeur Ihe un uaual American mr lua ol l.ri'aJ.tiilli. Tu ua thla tlgollloa Iho luahaw of our lniiorU at low prlcte aud tho ajlo of ourfoodo(witaat lilgli rlca-e. The bearing of three loeprcU Ua)n our market for ie-.url!h-t U rha hat dlaiMuraglng than might appear at Ural eight. The uaual auppjrt raiiiiotberahulaleJon from forclgu marketa. Tho tculatlve tplrlt hi Londou and on the Uoiitlnuit It dead. Hiawulatloii 011 nur alio title entirely outtaowiilndiptudontbailt. Till la au element of atrenglhlo 111. 1 uropo haa m longer any floating tuplycf ifiurllliato tend back upon ua, which would be an liiiKrtant ttiport to a "bull" motetueul. Ho thai on the whole, Mr Clout tlitanotliulatlo view of the financial future lu the United Htalca. |