New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-07-13

The Financial Chronicle" computes the gross
earnings Of 40 railroads for the first half o.
1895 at 237.843.659 an increase Of si2;26sOSt
over the same period last year. and OF - roads
for Eve months an Increase or ~. .9o4ZZ. IN
the month Of June 122 roads reporting showed
gross earnings Of $37. 1852 $50; an increase OF
s2404,9 33 over June. 1895. or 6.S per cent
THE WEEK IN WALL STREET.
That foreign investors should continue to buy
American securities In the face Of the free-silveI
and anarchistic agitation, a free-silver ana
anarchistic Democratic platform and free-sil-
yer and anarchistic candidate has puzzled some
people, and appeared to them somewhat con-
trary TO the foreign attitude on other occasions
Of supposed political uncertainty. 1t should not
appear puzzling or strange. however for the
foreigners pretty thoroughly understand poiltl-
cal conditions over here. and. moreover. they are
familiar with anarchy and know just about
what to expect from all anarchlstic deinohstra-
tons They know that Anarchists Will make
none here Foreign investors are not alrdiu VI
the Populistic and Communistic agitation in the
South and West in this country, ana 'ne! al :
satisfied to believe that their money Is saie
IN American securities They know tha' inc az
vocates Of sound money and o. souno govern
ment will crush the man and the party WHICH
have essayed to overthrow the principles Oh
American institutions; they have lmpicit lai.a
In the advocates OF honesty and Justice anu
they content in the belief that the deVotoii
OF the American people TO American INTERESTS
will set the seal Of determination at the NoVein-
Der election upon the hare braiaed and passion
ate disturbers Of the country's welfare II Is
such considerations which bapish fear from the
foreigners mind. and give them the courage
10 enter boldly into the American security mar
ket They have fear that our opiigatlons
TO them will be repudiated, and in the last TWO
weeks they have shown a far more courageous
attitude in our stock market than that oispia9eN
by many local operators
On the part OF large majority or American
investors there Is no uncertainty, however re-
garding the value of their security hoidlngs, OF
AM worry over the ultimate OUTCOME or the
political fight now on. There Is no pressure 10
sell stocks. and far-seeing investors are plckhs
up many bargains. On the day that me pen9-
Gratis were voting for their candidate, STOCKS au,
vanced and on Saturday made supstahtai
gains. and the result of the two days opera
ions may be taken rs a fair sample OF the en-
feet all this free-silver and revolutionary TAIN
and action will have upon the malket In the
future. There evidences that the bear cNque
VIII endeavor to take advantage OF some siia!
gold Withdrawals to bring on a decline ana ~
just we'll to warn investors to Keep their
equilibrium. and hold their stocks, II they shouio
see any concerted attack upon values. certain
bears are not above employing any questionable
methods to provoke fear among holders OF Stocks,
and II Is not a. all unlikely that they Will ell
oeayor 20 circulate their gloomy impressions on
every possible occasion. In the last Few DAYS
toerc has been some gold withdrawn Tor e@
Port TO Germany, for Canada and for Individual
account. This cannot be legitimately utilized
q an argument for lower prices in the stock
market, for gold exports 70 Germany have been
going for long period, due to special de-
mand from Russia: god Withdrawals for Canada I,
are not at all Unusual and IS 10 the few VINO |
may be boarding geld. no significance should De
attached TO their action. Such situations as the !
PRESENT always bring forth people who want 10 |
noerd gold but their Withdrawals from the |
Aseasury never large enough to make fnucn |
VI an impression upon the reserve. and they are
nN likely 20 do 80 In the present case. The eoio
sseserve Is a trihe below the S1OO,OOp0oO marx
~ none OF the metal is being taken TO seha
sosoad In settlement of trade obligations. and
- ~ condition Of the exchange mai ket does not
"uacete that there viii he any large gold ex-