New-York tribune., 1896-12-08
LITTLE EFFECT IN WALL STREET.

LITTLE EFFECT IN WALL STREET.
SOME COMMENTS ON THE PRESIDENTS suGGEs-
TroNs-THE ATTITUDE TOWARD CvpA
Tho Presidents Message excited as little comment
probably. In the financial community as any message
ever sent 10 Congress II had very little effect the
stock market. In fact 1t might he said ,ha, II ad
no effect. The part devoted trusts and monopo-
les seized upon by the the basis for an
attack the stock OF the American Sugar Refining
Company Sugar TrusO. The price was knocked
down from ll6ss to ll5 There recovery of one
eighth at the close. which was seven-eighhs lower
than Saturday. There fractional losses In
American Spirits (Whiskey TrusU. American Tobacco
Cigarette TrusD. United States Leather Leather
TrusO and others Of the so-calcd stocks There
were practically no changes in bonds. Rates for
money not affected.
Following some comments on the Message:
j. Edward Simmons. president OF the Fourth Ma
tIonal Bank and president Of the Clearing House.
sad From IA hurried glance over the Presidents
Message It is in my opinion an able and conservative
document throughout. The Presden, takes n sensi-
bile view of affairs in Cuba. His recommendations on
the financial question are well put The Message
Henry W. Cannon president OF the Chase National
Bank. said # consider the Message strong docu-
contains nothing which possibly could be construed
as menace TO the business interests of the country.
Ii is quite equal to the uslia! state papers ISSUED by
Cleveland during his Adm Administration" rLs
remedy proposed by him. complications might arise
later. | believe the best suggestion s that buy
Cuba II Is q valuable country IL should belong 10
like Alaska. and then there would he no further
trouble
Henry s. Redmond said: THE Message Is an ex-
cellcnt document dignifed and very much 10 the
point. 1t should have good effect on values. There
L. nothing In Ii TO occasion alarm In business circles
Frederic II. Coudert commenting yesterday after
noon that part OF the Presidents Message which
bears upon the Cuban situation. said: President
and he been careful observe International law
he understands II. II Is evident that cannot
look indefinitely while Spain is pouring her men
into Cuba with little success. She Is entitled as
friend and as bound to us by many ties and
treaties to careful and consderate course Of con-
duct part. We have, however, shown a
very cordial desire not add 10 her difficulties and
suppress natural sympath.es for struggling
people But II this lasts Indefinitely. and II Spain
die from disease well as In battle. shall have
in the end 10 consider that her struggle In hopeless
one, or, at least that the cubans entitled a
manifest tIon OF good feeling. We rebels
once ourselves. and we can never forget our origin
This IL secret spring or action In the United
States which foreigners do not understand On the
whole Il seems TO me that the President In his
language IL temperate. rm. prudent and careful He
has not forgotten what many men are apt TO forget
Cuban independence alone that We should care for.
but that We should look. and especially should the
PrcsIden; look first to the interests OF the United
States. to conclliate Just regard for struggling
people and equally Just regard for the financial
and political interests OF the United States That Is
the problem he has had to solve. ! think he has
done It,"