New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-12-19
WAR SPIRIT IN WALL STREET.
ITS EFFECT ON STERLING EXCHANGE
AND THE STOCK MARKET
COMMENTS OF RUSSELL SAGE. C. p. HUNTINGTON
AND OBSERVATION-DISCLOSURES OF APPROVAL

AND OTHEPs-EXPREsSION OF APPROVAL
ENGLAND BLAMED.
The war spirit was strong in Wall Street yester-
day. Demand rates for sterling exchange advanced
one-fourth OF a cent to 49, point at which gold
can be shipped to London at profit. II was est-
mated that the of gold by ships sailing Satur-
day would reach 100000.
Stocks declined steadily until the last half-hour.
when there was a sharp rally on the covering OF
shorts. The recovery, however, was not SUFFICIENT
to bring quotations up to the level of the Closing
figures of Tuesday. The net losses Tor ieau'hs
stocks Bay State Gas Illinois Steel s. Pui,
man Palace Car 2ia. Lake Shore PA, Southern fali-
way preferred Ia Kansas and Texas preferred 49,
Kansas and Texas common 1A. Denver and Kio
Grande preferred ~. Atchison preferred 49, New
York Central 13s Consolidated Gas IA. New-Jersey
Central IA Louisville and Nashville 1ls and Big
-Four !. Money on call was strong at per cent
Time loans were difficult to negotiate.
The following was circulated among the oroAe''
on the Stock Exchange
London, December IL, 1895,
F. L. Eames President Stock Exchange New, YORK; *
Sir: II England sends war fleet to bompard
New-York what guarantee is there that It's move
ments will not be interfered with py e xVTN
boats? Do->NTN
The hears who took advantage OF the war talk 20
sell stocks short and break down prices. were called
the fighting contingent. The brokers pcKeo OUT
officers for the bear regiment as follows: Coiohe'
commanding Addison Cammack; lieutenant-coionei'
A. J. Well; major, William b. Wheeler; ad)utah''
Arthur Hunter: vvandlere, A. H. Combs.
In the commercial markets the talk was that an
actual sign of war would be accompanied by rise
NJ nrobablv 10 cents bushel for wheat and one
cent a pound for cotton, but that these staples
would collapse on the outbreak of hostities' pc
cause the foreign market for them would be cut OIL
FOR THE MONROE DOCTRINE
Comments on the Presidents message were freely
made hv Wall Street men. Russell Sage said' /
Trff,, in "a
takes of the Presidents message on the Venezuelan
question II is an able. straightforward document
and Il, will be responded TO by an Overwhelming
majority of the American people. Inc tle mas
arrived to lay down the principles or the Monroe
Doctrine and adhere TO them without deviation Inc
President will be supported by both SIDES IN Con
gress AS old supporter Of the Monroe Doctr.he'
I believe II Is more valuable to us now than when
II was first enuncated 1t Is the nature OF England
TO encroach and that Is what she has been doing
In Venezuela BY our energy ana eHortS We nave
put ourselves at the head ana front of the nations
II 70 the desire Of the whole Western world to move
ahead 1t would be a great wrong TO allow England
70 treat Venezuela as she has treated her American
colonies which notably behind our country IN
development England will soon see that SALISBURY
has made a mistake. Mr.. Cleveland mas not got US
into a war He mas done the very thing which Will
avert conflict
THE DUTY OF NON-PARTISANSHIP.
II.
doubt that the President will have the support OF
all Ioyal citizens in whatever action he may take to
maintain the Monroe Doctrine. His argument
against the forcble extension OF the boundary lines
of British Guiana is unanswerabie; II Is time Tor
the people OF this country to give little more atteh-
ton TO patriotism than to politics; For some years
both the great parties have made the mistake or Try
n1 g ~ yS welfare When great question like the
one is before the county, Try aaa
troversy should be settled on It's merits ana there
wh Gie thn BUSINESS interests are concerned that
should be settled outside of politics That Is the
Presdet Of the United States he entitled the
support and respect Of every czen go long aS
Mr. Cleveland should receive, although Washington
politicians think and act diIeren am am be co
ing somewhat disguised with some or our KePuoli-
who merely g Sr E6o IL T Lord
bury's sighting remarks about the Monroe Doctrine
naye eo Gad' not be- e otherWlse '''
Coils r. Huntington declared: Il think ENGLAND
made a mistake in not submitting the Venezuelan
question to arbitration. our people seem 10 pc
lleve in the enforcement Of the Monroe Doctrlne'
Personally. do not believe as much IN the zoe, aoe.
trine as some others In Europe, when ntte
ierrifory the Jealous feeling Of the great nations
toward each other secures fair play for IT,
IN FAVOR OF ARBITRATION.
George Rutledge Gibson said mo really be-
lieves that there is the slightest prospect Of war.
for It would be difficult to work up frenzy OF
impassioned feeling That would lead 10 actua nos
Titles We asked Great Britain to allow her dis
pute with Venezuela to be arbitrated. Now II
we are to have dispute with Great Britain, We
ought to leave that to arbitration as we did the
Alabama claims. Great Britain does not wish TO
rush into war any more than we do, and the
sober second thought Of the people In both coun-
tries Will confirm the peaceful feeling. Great Brta
is ha ted by France account of her occupation OF
Egypt. Russia would glory in any mishap to her
or weakening of her power because OF the rivalry
of the two Powers in the far East. Germany
would be glad British commerce crippled,
so that German commerce could thrive where Brit
ism commerce waned Indeed. the Englshman. po-
liticaly has no sympathy In Europe. He is great
buffer but comes down gracefully when his pre-
tensions are exposed or combated. and there Is
absolutely no danger OF actual collision between
him and u.s.
CRITICISM OF MIR. BAYARD
Henry Cews expressed the following opinions
Ambassador Bayard, | fear Is In measure
blamable for the present unfortunate strained re-
lations between this country and England. The
unfavorabe comments in his public utterances
prejudical to the people of this country-evidenty
for the purpose of pleasing the better class of the
English people-have doubtless had the effect OF
giving Lord Salisbury "a false impression OF US
and President Cleveland. Hence he has been led
TO take a more rigid attitude in the Venezuelan