New-York tribune., 1896-11-16
Total 4s cos s635i394 s. 3Gs s55 Dec. s9s5.439 i
THE WEEK IN WALL STREET

Striking changes have taken place In financial
conditioDs in the business situation and In the
entire countrys industrial activities. The re-
suit Of the election has had magical effect
upon the long sleeping industries of the land
Countless wheels are now in motion which FOR
many months stood still. and thousands OF
men and women have found the employment
for which they so long hoped and prayed. wall
Street, which Is the great pulse OF National
prosperity has in all its operators reflected
the universal Improvement, ana that improve
ment is as ye. in its infancy. The last week
was one OF advancing security values, or IN
quiry from all the country for the good
investments offered. Of expanding bank de-
posits Of motion activity and good results
The prices Of securities traded In on the STOCK
Exchange have risen millions Of dollars ana IN
other cities where securities are bought ana
sold the same appreciation in value has been
going on. Credit has been butt up, ana no
surer foundation for prosperity could be asked
for. Every one has implicit faith ana confidence
that the tide has turned on course Whicn
win be permanent and that no retlHn now of
disaster and prostration will occur for many
years to come. The financial and business com
munity believes that sensible readjustment
Of the tariff will be made. which viii insure the
Government receipts meeting expenditures, and
It rests assured that the Nations prosperity
will not be interfered with by bad and blum
deriDg legislation. such az has been Witnessed
under the present Administration. 1t is i'm
perative that additional revenue be provided
for the Government and the time has come
when there can be no evasion, party con-
sderations no objections of any sort 10 some
legisa atiOn which VIII produce satisfactory reVc-
nue. 10 meet the Governments just obligations.
These obligations have been increased by the
errors of the Cleveland Administration. which
made necessary repeated issues OF jnterest-boar-
ing bonds and to meet such obligations and 10
guard against their recurrence revenue legsla-
ton is especially necessary
Conditions in TIE financial community which
before the election caused money rates TO ad-
vance almost TO prohibitlve figures have gotten
down to a normal basis, and there Is Compara-
tive ease In all departments of the money mar
ket. Commercial paper. which Delore the eec-
tion was unstable is now in good demand. ana
all the choice offerings In the market nave beeh
readily absorbed; indeed. they are sought Tor al
per cent and the inquiry from the banks Is IN
excess Of the available supply. The interior
movement Of money has turned In favor or this
city. the net gain 10 the New-York banks last
week being upward of 50 30O0OO0 and the move.
ment Of money into the banks from the store oi
the people who boarded IL In fear OF possible
success for Mr.. Bryan. has been pronounced The
associated banks gained last week In cash W.
613,50O made up by gain In legal tender or
-, ,4OI 200. and gain In specie OF -. 2W,5W'
while deposits gave an increase Of Slo.3l3,0oo,
and leans, for the first time In many weeks.
showed an expansion due TO legitimate mercan-
tile requirements. From the beginning Of the
10 thc election. deposits Of the associated banks
showed decrease Of SCI, 1853. 800, and cash hold
irgs decrease OF x23. Sol 900. In the same time
leans decreased S37 .361 300. Such changes were
reflections Of the terrible effect OF the Bryan
campaign upon the country's business. but for
and bank holdings now show the salutary and
ihvgorating result Of the restoration Of conf
oence and credit. II has been noteworthy that
Pert Of the daily Clearing House banx balances
nave, since the election, been paid IN gold. and
@st large amounts Of gold have been deposited