The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-02-02

and all the efforts of the authorities to
get him out have been unayailing
Around the Plunkitt banner have rail-
lied band of the most Accomplished
and expert expectorators in the United
states. Some chew gum, some chew
tobacco, some chew toothpicks, some
don't chew at all; but they all spit,
frequently and forcefully, and the new
administration, whose ambition it is to
make showing by keeping the public
buildings neat and clean, tears its
hair in despair as it contemplates the
wall-marks of their unerring marks
manship. Supt. Walker was the first
TO try eviction. He moved the boot
black stand, which is the seat of the
Plunkitt squatter sovereignty, out in
the passage where the rush is swiftest,
so that the courtiers were hustled and
bumped and jostled about in the cur
rent OF hurrying humanity. They only
stood closer together about the throne
and patiently spat and endured. Next
the mop-wielders were ordered to clean
increasingly about the place, and not
to be particular about not sloshing the
boots of the Plunkitt cohorts. The CO.
horts put on rubber overshoes and
smiled. AS the next resort it is likely
that the Board of Health will be called
in to enforce the anticipating law, and
finally appeal may be made to the po-
lice. If it takes three city departments
to evict him, Senator Plunkitt may at
least congratulate himself on having
made game fight.
Stocks were stagnant all last week
Bonds were strong and 1t is a super
stition in Wall street that a strong
bond market is a pretty sure precursor
of a strong stock market. To- day there
were signs of a realization of the
hopes founded on the bond movement
but they were superficial signs and
there was no reason to think that the
rise started would last any longer than
some of the other small movements
which have failed during the last
eight weeks. The purchase of bonds
has been a manifestation of the accu-
mutation of new and uninvested cap
ital. Dividends have been coming in
since the first, loans have been paid
off and the trust companies have been
getting money which ordinarily would
have gone into the market because of
the very general timidity of the pub
lie. 1t has been pointed out in these let
tiers heretofore that the postponement
Of the bull movement desired by the
big leaders was a strong bull card;
since the duration of any attitude to-
wards stock cannot go beyond a psy-
cnOloglcal Surfelt or the feelings DacK
of it, In other words, if people are
bearish very long they get tired of that
position and turn bulls from sheer
WEAKNESS unless prices go down fast
enough to develop new bears and
spread actual despair. The market
cannot remain motionleSs much long
er. 1t would be better for the bulls
If it should go down farther first, but
the public does not sell, so there is
really nothing to do but to put it up
a little and.se what happens. Here
tofore the traders and the large inter-
ests have sold on the rises just as
they have bought on the declines.
What the outcome will be this time
no one can foretell. All one has to re-
member is that there is no essential
change in the situation. Money is cas-
Ter the world over, but abundant mon
ey was expected everywhere at this
time. The reserves are not as high
as they should be in this the fourth
week of January, and ordinarily there
is decline in February, but money is
not likely in dull market to be much
of factor. Duane.