The sun. [volume] (New York [N.Y.]) 1833-1916, 1899-12-26
THIS WEEK IN THE STREET
ID. n. r. PROSECUTIONS NAY MAKE
IT INTERESTING.

Bankers Think Money Will Get Easy by
the Middle of January-DiGerence of
Opinion About the Meet of Bryan's
Campaign-A Millionaire Impoverished.
Wall Street men were scarce at Delmonco's
and at the Waldori-Astoria last night. These
two delightful spots have become the after
noon and evening rendezvous OF brokers and
their friends since tho Windsor Hotel was
burned. The few on hand last night said that
the week at hand promised to be an interesting
one II for nothing moro than Developments
which might come out OF the Grand Jury's in
vestigations Of tho attacks upon Brooklyn
Rapid Transit stock. William L. Sheehan OF
Sheehan a. Collin. counsel for the Brooklyn
Rapid Transit Company. Is to appear before
the Grand Jury again on Wednesday. just
what Mr.. Sheehan has up his sleeve the Wall
Street men about town last night did not know.
but the majority were convinced that Mr..
Sheehan did not appear before the Grand Jury
the other day and would not again appear
before that august body on Wednesday unless
he believed he had something substantial To
offer that body.
Only those who are familiar with the haunts
Of financial men have the slightest conception
OF the number OF Wall Street operators and
their friends lwho have been wrecked by the
recent swift declines In the stock market. On
stance. II was told at the Waldorf-Astor las,
night how an operator. very successful in the
last two years. both on the bull and bear
side. and o potent influence on the Street
was sold out tho other day TO the
tune OF 90, 900 shares. The most remarkab BILE
feature OF the story Is that most OF the time he
he changed 70 the bull side only TO- see a for
tune OF N illion dollars swept away by the de-
clines OF tho last two weeks.
StrOet
people last night was to the effect that nc
wrong doing. IN the matter Of circulating un-
fair reports, can DO attributed to James r.
Keene, the Wall Street leader. or to his sou, in.
law. Talbot. j. Taylor. II was said for Mr..
sort to subterranesn methods, il was said
Furthermore ior Mr. Keene that he take;
Ss ns d Ta s
| reports TO give single ono OF them his per-
Some Of the Wall Street men last night diff.
| fered with Mr. Keene as to his recent utter
| ances as to the possible eject on the stock
Mr. ksens Believes that the revivoi Of the arsu;
will create he in ls
may be- right IN his judgment on this matter. but
many were inclined 70 believe that Bryanlsm
been on tho wane. FURTHERMORE, 1t was said
that the open threat OF the Silver Repub'
ass,. Of aser own nnd So i 10 se ssei
issue 10 not reaffirmed by the Democratic Ma
ttonal Convention next year greatly enhances
| the chances OF Republican success.
The Democratic party Ia torn asundcr Ia
| almost every State. But there are some Wal
Street men who are inclined to agree with Mr.
| Keene that the mere fact that the Democrat,
| are to enter the field again in national battle
| will have "a disquieting influence In financial
| circles.
Talks with some Of the bank president.
| elected the Information that certainly by tn,
middle OF January the money market would b,
| In very much better shape. and II was theii
| opinion that about that time Wall Street people
| could fairly expect some sort ot boom In tn,
| stock market Just how long this boom woulC
| last the bank presidents did not care to predict