New-York tribune., 1896-05-04
Total g CO. So S25 $50 s5.57e.573 Inc. s25i,2A T.
THE WEEK IN WALL STREET.


Trading in stocks was controlled by two factors
which prevented a wide distribution Of business
and stopped the advancing tendency OF the pre-
ceding week. The foreign exchange market and
the political situation abroad were the control
ling influences In speculation. and though neither
Of these presented any serious developments, they
were sufficient to hold stock transactions in check
, Stock operations always become nervous when
exchange rates stiffen. In the week just closed
sterling rates advanced 70 point where gold
exports TO Paris were possible and the condit1on
ol Me market Indicated that considerable OF the
metai would go out unless heavier supply OF
commercial and security offerings should come
upon tne market. 1t Is not at all unlikely that in
sas , vourse OF the next few weeks negotiations
nn oe completed for placing q round amount
- =, securities Of reorganzed railway properties
xns0au, ana that the foreign demand noticed In
sho,S SVVA x market last week will be renewed. IT
sho..s We observed, also. that the export trade
60, material Improvement, and from this
inS E. iair supply Of bills should be forthcom-
nne.. A. as IL Is confidently expected In many
tbs 80 security bills make their appearance,
but n', nse hs market Will be fairly well supplied
Won, ~" no"eVer 10 an extent sufficient 10 pre-
.,s.. an eastward flow of the yellow metal. Be-
on s mercantile remittance, there will, from now
sii.. AZ 0s an increased demand on account OF trav-
- s credits and there is yet considerable due
~ nus 'oahs made In England for bond subscrip-
49, p1Iposes These are factors which must be
erAa..n .n.o consideration in judging the foreign
hseo, 8, market. but they are not however,
:. e,,oss whicn should cause any uneosiness. Gold
'w al this period for the settlement OF legiti
. errS.. .Vohgations should not be confounded with
Mx1 made necessary by foreign liquidation
thsr h"s11can securities in the panic times. and
dssr.sso ssould not result In turning confidence into
not s'S Inc gold balance In the Treasury will
sscn ssusr 10 any appreciablc extent, and Just as
a.. as foreigners become better impressed with
.suhu money fight and coming victory in this
~ E'y now Of gold from Europe will set in.
yssSopean holdings of idle money are enormous.
sums are waiting for placement and the
beison ior investments over here Will soon
ana ssistible. All conditions in the financial
tivsssV advancing toward higher range OF ac-
pa,sLs. and the undoubted change In political
inessss N Washington in the next year will mean
. vhcs sased life and prosperity. Intelligent men
fhis are IN close touch with the situation realize
futn,ss ana tney are arranging their plans for the
cansSs accordingly. Despite the uneasiness
rantSS "a the foreign security markets by unwar-
cors sea - dispatches predicting unfavorable out
fev W the Venezuelan negotiations. there are
Ynnt,,-e men who believe that there will be any
eourtrs,.' IA our international relations The
s56s,sX International relations cannot be con-
krorssu uncertain. and with the exception Of the
~ ~ ana bright
a. !. s.eneral business and financial community
Kihis~ 'sned with the candidacy OF William Nc
thefs 4, tor the Presidential nomination and
0lsuusxss. = naroly man OF sense to be found who
teeiSor tne argument Of sound money and pro-
home 80 - the means OF restoring prosperity at
a. s. snd confidence in our country abroad. In
Aol0sSs - outlook there Is nothing TO cause
VAjck 81! ~ securities to feel uneasy The factors
@16cns sSSe1roI the earning capacity Of corporate
6II1S - ara not involved In doubt or uncer-
- oo e.sHs ~ prospect for railway traffio 10 such
8 se interest In the securities OF rail-