New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-09-21

drawals Of gold for this and other countries.
tne Englishmen have little to fear in their
monetary situation The movement of gold
this way continues a legitimate trade move
ment. and an explanation Of this movement can
be FOUND In the August report OF foreign
merce printed in this column in the week For
n ece montn there was an excess OF exports Of
Sl9l9i3i2 over imports against an excess of
imports In August, 1895 of S15131324 For
the eight months ended August II. the excess
OF exports reached the astonishing total Of 500
'60Ol9 against an excess of imports In the
same time in 1895 Of $36350416 The heaviest
increases in exports In August and in the last
eight months were In breadstuffs which in Au-
gust, increased over August 1895 81 $50 :331
ana Tor the year to August 81, SD 26S 500 For
Sne eght months exports of provisions increased
Si'oo,""4; mineral oils increased S8.335. $50 and
Tor the month cotton exports increased S2257-
5Iu making total increase in exports from
drawing gold from Europe in obedience to the
laws Of trade. and II is encouraging to note that
AT Iast writer's in the English papers be-
the gold movement. While the imported gold
is being used to help the banks out in their
shipments TO the interior, 1t is also building
up the Treasury's reserve Thus at the same
time serving twofold purpose Signs multi
ply daily indicating the success OF the sound
money cause. and throughout the country there
is as result. more encouraging feeling over
me business situation and evidence is coming
TO hand OF a broadening tendency on conserva-
i've lines Of business activity
mere were no noteworthy movements In the
security market In the week. the market rul-
ing irregular and closing at net gains in most
snares The tremendous Republican victory in
Maine was ignored by traders as far as nd
vanclng stocks was concerned, but Il gave pro-
iessional operators an insight into the way the
National election will probably go and about
every professional trader In the Street attacked
the market with the idea Of acquiring stocks
AT lower level for the rally which must in
eVtably C, me when Mr. McKinley's election is
announced and possibly before II was ar
gued that II Maine could roll up a majority OF
nearly oOOoo votes. the whole country would
give Mr.. Mckinley a majority unpreC edented
IN the history OF American politics. and natur-
ally a tremendous sound-money victory would
give an enormous impetus to business and be
loIoWec by rapidly appreciating values in the
STOCK market. The efforts of professional
traders 10 depress prices on Tuesday and
Wednesday resulted in net declines of oG3 per
cent; but on Thursday there was recovery
which continued throughout the rest OF the
week. The stock market has been extremely
duH and narrow, and wholly in the hands of
professional traders. who have operated almost
entirely in about a dozen stocks and the de-
clines in the week indicated a readiustment of
speculative accounts. The bears have worked
with considerable unanimity in their efforts TO
depress values hut their success has been YER,
moderate and there has been no inclination IN
hquidate investment holdings little outside
support would doubtless cause a healthy adj
vance, ana the bears are somewhat nervous
that such support may come In any Gay The
snort interest IS not large however The move
ments Of the chief active stocks and bonds IN
the week are given in the following tables: