New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-11-02
,ta:s CT CONS 81 900 939 S7447 O64 Dec. s4G2(s75
THE WEEK IN WALL STREET.


All operations in the financial community were
held in check last week by the near approach of
the National election. AS the critical day has
drawn near the issues involved have been more
fully realized, and the chances Of possible dis
aster have received more attention than at any
time since the beginning Of the campaign. al
though no In the financial world has en-
tertained the belief that Bryan would be elected.
There is an element of uncertainty. however In
all contests. and ali interests prefer to intrench
themselves against the possibility Of an unfavora-
bic development rather than expand their un-
dertakings and enlarge their engagements on
their convictions of Mr.. McKiney's election.
Preparations have long been making In Wall
Street for the election; preparations with the
view OF McKinleys success but also In order TO
meet the disturbance which would follow Bry-
ans election Popocratic appeals 10 peoples
passions will not carry the day against the moral
sentiment OF the country, nor will the citizens
VINO are for peace and good order in the Republic
hesitate TO declare for their country and their
nag The issues Of the campaign have not mar
Iowed down to the money question alone, FOR
Lons ago the BryanZed Popocrats saw such
iaacy and weakness in their argument that
,hey switched off to the doctrines preached by
Anarchists and revolutionists, hoping to befog
ana oeiuddle the voting public into believing
,hese raise, dishonest and traitOrOus doctrines.
5ut me hags wave proudly throughout the land,
showing now the Bryanites have aroused the
AmeIican people, not TO a love for Bryans doc
uihes. however but to an increased love Tor
nome ana country and bitter hatred OF the men
"'S party VINO WOulu DllDS tne INV
contempt and disgrace. The Characteristic com
non sense OF the American people VIII carry
'nv election for Mr. Mckinley.
wall Street was in state OF excitement all
week; not excitement born OF sensational move
ments In the stock market. but excitement in
sp,ed by patriotism and loyalty to the country
anu an. Inc flag. The course of all movements III
sne security and money markets reflected the
PREPARATIONS making for the election. and i'll
sne cases not a little fear and timidity were
.u.eNeioped. especially among the weakiings In
Wv professional element Contrary TO the gen
ssei course OF values in securities preceding a
Iesuii which is expected the election was not
,,n,a,erialy discounted In fact. prices showed
ntlie disposition on the part OF the speculative
s.. TO buy stocks except at the close. ana
I'm the exception OF Monday. very little
~ outsiders. The Cuban war scare ana
csnsstional advance In call money rates
dsa a,sa some liquidation and an increase IN
rsannss. but, as rule. all operations
n, .v narrowed down TO the smallest possible
br,o!poFtions in all departments OF Wall street
d,raess The advance I'm call loans TO extfdor-
hrSsly hgures caused no disturbance among
average houses. AT present few stocks are
srs "S carried on margin. and preparations nave
thssauaiy been made for the current tension in
s ss money market. In the present state OF the
aisnet there is nothing which should cause
ar -, or uneasiness: and the high rates reached
fes anursday and Friday in call loans were
, ,Sncec by the necessities Of the situation-al-
h aoukn extreme rates were not warranted-and
IN ,ne wise and conservative action OF the banks
,ssssssary requirements Of their customers. for
projection OF the depOsitors and for the
i.osemocr interest disbursements. In calling
S,ras, no hardship was experienced by Wall
hsr,. houses Tor reasons noted before, and
expressed no fear as 10 any real stril-
ef"vy IN the market. Accommodation was re-
,vo 10 no large house or houses OF any credit
sssa,avsisyry t. IA was done by the nnancia,
KsSSssss 90 bsss operators on the Stock Ex.
snsssvaspd 70 make saaisiU. The siSh