New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-08-11
BETTER FEELING IN THE STREET,
A GENERAL ADVANCE IN STOCh fhiN D'
MIR. DEPEW ON THE SITUATION'

A GENERAL ADNANCE In 0ic~"
MIR. DEPEw ON THE SITUATION
Tho financial situation was greatly improved yes
tordav There was n general advance In the prices
Of stocks and bonds, and there were large pun
for both investment and foreign accounts "o'o
of the net gains I'm stock prices were: sugar, 49,
Burlington and Quincy rs; Chesapeake anu D''.o o
l4.; Chicago Gas. l3i; Consolidated Gas - 49,
Central preferred ~; Lake Erie ana WeS'e'" pr
ferred 2I.: Lake Shore, 2la; Louisville ana N"s"
Vile q New-Jcrsey Central. |; Ne"-io
!. Omaha o.; Pacific Mail, !: Rock Island "a ~
pouI >. southern Railway preferred. rs; wabash
nroferrcd |: Western Union. IA; Wheeling anu
Lake Erie preferred. IA .,o,.
Shipments of money TO the interior Se9'y
were much lighter than last week Ne" ''a,'@
has begun 10 receive Treasury warrants III "o
sugar bounty and the banks there are Decoh'ns
,.au eunnlied with money Chicago appears 10
have obtained all the money II needed III co''"e'
ton with the failure Of the Moorcs ana sf'p"'e"''
Of currency to that centre are normal -.
Chauncey NJ Depew was downtown for shor'
timo yesterday among the business men, anu -,
WAS asked how be found sentiment in the hHn"o'"'
circles lie replied: II should say that there Is "
hotter feeling now than there has been TOT So'7
time in the past. The remarkable ran III pi'''
within the last few days IS traceable iarscy ~
the fear of the possibility that Bryan anu MS III
lowers may get hold Of the Government :soc,rities
were many people holding good paying svV ,heir
who saw the trend of AFFAIRS ana soIu l T Ga,lre
securities In order to buy back al siitiie ,rice
and realize the difference between lne ,his ,pavo
an onnortunity to the bears and they rdlu'u -
and strong. Bottom has now pTen ~ ~ "octtinp
neople see that they have no chance ol s''''U2
bock stock AT n lower price II they sen out' III,
course there Is no purchasing pVwii,n a tn stand
market because the people are inclined 10 9 1e
aioof and walt but the ground mas Deei "a, or,
There are no more tmid holders 10 De snaNe' i'm
and the situation bids fair to be no Worse IMAM
tits. ,,.., ,,,ooeiness over the
sitraton and this is supplemented by Mr.. Bry BIZ, -
n,,rc teC hnic tourney the East ne IL
ihat those people downtown have, thIouen , t.d
own fears already elected Bryan President, Pidob
,aa,d Tillman and other like leaders IN ms Ctp,
met and given the country lree-sN. o,on has
froe-silver House The business stsgnaton ia -
reached bottom because there Is no lower c' - ~
ca to The banks are not making loans as Sh neg
S5sed 10 When time loan natures IL - c'i'o' nv, ",
nd money is only lent from day 10 DAY lnr
Eastern banks. as rule az TINS t'h, ,y hmt now,
Shev are Informing the Western banks tnat M
cnryrot make loans as formerly The Western
hanks will be compelled to convey TINS inteiilscie
IN the smaller banks in the West ana lne peon LII
who as a rule borrow at this time OF tht 49, If,
have no opportunity TO borrow. They VIII De lei.
Win their crops and will be unable TO Dorro"
money 10 pay TRANSFORMATION rates or 9ther ,'o,a
lilies untii they can realize upon tnclr prouu.tS
This may be object-esson 70 me e1Ple ~, ~ ~
e. a sheer necessity with the financial insutulonS
toct those who trust them, and cannot ioloW
nocv Of total lrreso onsbiity and repuna SUI
as il being proclaimed through the lanu az t ,h
,i-c When sober reasoning regains sway OF we
ncople when the theorists come down ou, VI |'ro
rnIo,iids and face the situation calmly and under.
stand ali that the issue means DO not believe Una.
there il the slightest possibility or MT bryan pens
elected or his teachings indorsed.