| Show WEEKLY FINANCIAL REVIEW HENRY CLEWS in his hia financial re port for the week ending august 1891 Bays says the improvement in the thee tofik market is gaining in strength mid abd many of the bears bearg 11 have turned over to the other side aide thin thi shows that the boom is ia backed by a large measure of confidence and that influential opinion in wall street regards the pres pree ent situation of the country as on the eve of an era of national prosperity and consequently better prices for investments the only danger mr clews sees seea now lies in the usual tendency of speculative movements to rush from one extreme to another and thereby quickly exhaust themselves our extraordinary harvest may arouse speculative enthusiasm which way may carry prices higher than the ocoa sion really warrants such movements ments end in explosion and reaction the money market affords on ie the whole an encouraging enco urging outlook thi the reserves of the banks have at least he be gun to decline freely under the drain of money to the interior and ami large to a 4 the surplus is yet the banks must rely on some outside source for reinforce rago A merit i about twenty one millions of the united states aj 4 per cents remain to 14 be extended or redeemed but what amount will he be redeemed the event only can show the main depend dependence ezme of the banks must be upon the return of gold from europe which seems inevitable the only open question bel heig that of amount national exports a for july 1881 1891 were over theft of july 1890 while imports fall 11 for the same mouth month below julif july 1890 mr clews is of opinion that no I 1 important W stringency can take p place lace I 1 in the local loan market for a long ti time come |
