The sun. [volume] (New York [N.Y.]) 1833-1916, 1896-05-17
u,r.AprLpH,A CLOSING QUOTATIONS.
SATURDAY. May 10.

SATURDAY. May 10.
Speculation on the Stock Exchange continues
20 reflect uncertainty as to the outcome Of tn,
political situation. Encouragement II de
rived from the fact that actual holders o
securities do not sell them, although
q candidate OF weak personality ant
varia bic views regardinF the currency 10 al
present foremost in tho race for the nomination
Mt the st. Louis Convention. A hopeful feeling
10 also engendered by the Improvement In the
foreign political situation rs reflected during
the last week or ten days by a rising
market for securities Of all kinds in London,
and evidence of q disposition on the part OF
foreign operators to increase their ventures for
long account In American securities. Reasons
for q revival OF confidence In our secu-
rifles are found in the enormous accumu-
lations of unemployed capital abroad.
coupled with the fact that, in spite of
nnsound money heresies and occasional In
dulgences In class legislation for the benefit of
silver-mine owners and their lobbyists in tho
Senate. the United States has maintained tho
| single gold standard.
II the present infatuation. unreasoning as all
such sentimental movements are. was in favor
Of q candidate whose soundness on the money
question was beyond doubt, the assertion
might safely be made that European capi-
tai would ignore the possible international
complications that tho Administrators is
coquetting with and improve to their fullest
extent the opportunities for profit offered by
the reorganization OF railway properties
that were compelled to acknowledge their
insolvency during the depression blowing
tho Barring panic. 1t must be plain to
every intelligent and thoughtful observer Of
business affairs that the next sixty days will
be o most important period In the political
and financial history of tho largest civil
lied nation. The crisis through which the
United States is now passing will not
only affect the future of this country for somo
time to come, but also that of every commercial
power with which It has intimate relations.
Hence schemes for political preferment, MS we'll
as personal ambitions. should be subordinated to
the adoption Of q policy that would place the
United States second to mono as q commercial
and monetary power. Precedent, as we'll as the
reasoning Of the ablest political economists,
has demonstrated that such q position can be
attained only by unqualified and sincere declara-
tions In favor of the maintenance OF the single
gold standard.
1t is not surprising that the security market
Is at a stancstill and that the dealings In COM
modities are restricted absolutely to necessary
supplies, pending an absolute determination of
this question by a people whose resources. energy.
and prosperity have almost overwhelmed its
sIread, noted decided nroerss. ,owar, ~
solution Of this vital question will be
made within the next sixty days. and pend
ing that, capital. both here and abroad. will
be withheld from permanent employ.
ment. Spectators will probably make wagers
from day to day as to the outcome. but the hun
dreds OF millions Of dollars that give direction to
the markets of the world will wait for tangible
In the circumstances 1t is
In m. .,ocr m.rkat A. ~. go 49,. ~.
..,;.n.. st. -. - - ..
r.r.,r n;.,i,,od =, a., a.ww $50 -
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..onr,,I.. aamposuIaS 49, tS suo -
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no,,na - 80. Cu
hv Tho nronin.nce ,h., = nrr.,r un,,,'".i .ss
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hat IocaI .oIs. h.na nat 49,, 800 nanHn
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~ Im.rtc,n hnt H. g.. IN,
Ior, a oue sls . olnsr secur.t'es' may
.oG,ss,i' DO regarded as evidence OF /. more
90 n,to.,sn. 80 %. Aoos"
'omplcaton'' and 1t has been SUM-
pronounced In this direction to
$50. sso,a 80 H ~ II .h'oea
otates shouid taKe within the next six
i +. present standard Of values i Essoasss
y T Il VA, .': .sssi ns sss,er r ,ss last ...1 ags ,,as Ss,,