New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-04-06

80 'is SonQltion OF American railway prop
eIues, ana the state of the foreign exchange
market IN view Of the increasing revenue deficit
90 SWINE tnem some uneasiness both of which
t.i coupled with their own political uncer-
talhties, seem sufficient to keep Their, away from
american securities. II is to be hoped how
ever, that they will at no late date be convinced
er,;as e uIuth REGARDING American railway prop
49,. 80, when are making rapid and progressive
changes toward prosperity and that thew viii
~, uhaiuelsIaha that the elections in the fall mean
the complete return Of this country TO industrial
prosperity and activity -
AS regards the foreign exchange market there
mas peen little change in the last week, rates
IuhnS at ngures which would allow OF only a
small margin Of profit. II any In good shin
n nh, ana the supply of bills showing no
OF fnEec ror the better A considerable amount
VI I0reign money was lent In this market in the
Meek Tor snort periods, and in fact there were
more offerings than inquiries. the demand for
accommodation being extremely light in ali
branches Of the money market No gold hills
appeared. and while there were rumors that
Saturdays steamers would take out a shipment
OF the precious metal no orders were given
II does not seem probable however that the
usual spring outflow OF gold may be long most
poned and yesterday 1t announced that a
Shipment may be made on Tuesday. The strin-
sehcy In the commercial paper market has
caused many obligations OF importers 10 he do
; ;' Dut foreign creditors will at late date
insist upon payment and II is not likely that
me local money market will afford sufficient at
traction Tor them to leave their funds here in
ANY any large amounts In figuring uoon the prob
the next six months. debts against this country
created by American travellers must not he Toe,
sight or. nor should too sanruine Wow hs
taken regarding the possibility OF the interna-
tiohal movement OF securities being in favor OF
the United States Some well-inforrned and
conservative foreign exchange houses estimate
thdt between $4,000 900 and $40 900 900 will be re-
CURED IN the next six months to settle our for
eign obligations.
The condition Of the Treasury's gold balance
Is such that no one Is losing any sleep over an
outward movement OF gold. and no one is throw
ing over his stocks on that account RI there
a ~
rnancierng, gold exports might be looked upon
Win alarm. but under present conditions and
prospects there Is no occasion for worry Pub
Tic sentiment Is gradually awakening IN tho fac,
that there are better times ahead There should
ne and there Is an increased hopefulness over
the general business situation and the returns
OF bank clearings and railroad earnings indi
cate tnat industrial prosperity is not an affair OF
rnie u,n future: The sweeping Endorsement
Whlch MAJOR Mckinley IS getting in all parts OF
the country Is sure Indicator Of public senti-
ment 1t shows emphatically the determination
o OLA 'ne american people to upset the theories
ana practices OF a party which has wellnigh
Frustrated the energies and activities OF the
great mass OF working people. and restore
the reirs of government to a party whose prin-
clples mean an intelligent tariff policy for IN.
protection Of American industries an Increase
IN the wages or laborng men and return Of
an the multifod branches OF business to a
flourishing and thriving basis There should bo
no doubt about the future stability Of our Cur
rency' or the ability OF the Republican party to
prove 10 the world that II represents sound
money. There should be an end TO the ex-
pressed uncertainties regarding the future OF
the money question. The money question will he
carefully guarded by the Republican party
Cnsound-money advocates arr in a hopeless
minority. They stand a lettering platform
which Will soon fall with a crash, and with
that fall Will go all the hopes aims and anb-
tlons or the comparatively small coterie Of
crankS VINO have made such n fight and n
noise against the principles upon which all
SOUND hnanci al structures stand II Is high time
Tor all people to be inspired with hope II Is
,lne 10 put aside distressing doubts and fears
a <p hpar and loot
70 the splendid developments the business Of the
country will show following the election and
inauguration OF the next Republican President
The following tables show the movements Of
the chief active stocks and bonds in the week: