New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1880-06-08

publican party, among the conservative and
property-owning classes, is one of the secrets OF
its great strength in every National contest,
and it has been repeatedly observed TINT
bonds and stocks advanced and prices i'm
proved whenever the news gave increased pros
pect of Republican success.
There is no other influence, just at this time
to cause any sustained advance Business con-
tlnues in large volume, but without the eager
pressure of buyers which caused the upward
rush of prices last year. Consumers OF wheat
cotton, coal, oil, provisions and iron have been
generally disposed to make only moderate pur-
chases, for some time past, because it Is felt
that the commercial and political future may
be greatly changed by approaching events.
The prospect of crops in this country or IN
Europe may be completely changed any week
at this season, and it is generally understood
that the enormous surplus OF tXpOrable
articles, which recent demands from Europe
have encouraged this country to produce,
would crowd and clog the home markets, if
good crops abroad should cause material re-
ductiOn Of those demands, so that Il considerable
decline in prices of important staples might be
anticipated. Again, the condition of many
branches of manufacture might at any time be
changed by an epidemic of strikes among work
ingmen of which there have been some symp-
toms. Consumers of iron are still waiting to
learn whether the fall in price has arrested the
shipments from England hithcr, andit felt that
other firms besides those which have recently
failed may possibly be forced to drop large
holdings taken for speculative account. These
and many other considerations affecting the
commercial and industrial situation, cOpSpire
at this time to give q tone of hesitation to bust
ness, although the recent fall in prices has
prompted more free purchases, both for consump-
ton and for export, than were seen month ago.
The adjournment of the Legislature has re-
moved one of the chief causes of financial I'M
certainty, but Congress still remains in session.
1t is generally felt that the action of that body,
after the nominations of the Republican party
have fixed its line of battle, may be of cOnsld-
cradle importance to business interests Action
has been delayed upon many measures, be
cause neither party could be quite sure what
position the other would take in the Prc,idcn-
ta campaign. But the Democrats will doubt
less try to make the most of their OppOl tunity,
after the Republican position is definitely
chosen, by legislation affecting financial and
business interests, and considerable disturbance
may thus hr caused.
The uncertainty of the Presidential cam
paign, however, hangs over all financial plans
for the coming season. 1t will be an exciting
campaign, with alterations of hope and fear for
each party. and the vast financial and COM
mcrcial interests which depend upon the success
of one party or the other will not escape the dis
turbing Influence. The possibility of Demo-
cratic attempts to seat a President 10y fraud
will not be forgotten. All business is likely to
be retarded during the Summer and Fall by
political uncertainties, even if no other cause Of
disturbance should arise.