New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-07-10
EFFECT IN WALL STREET.
Bankers and Brokers Feel Sure of
ROOseUelfs Election.
VIEWS OF ]. EDWARD SIMMONS.

To Judge from the effect on the securities mar
kets yesterday. Wall Street generally Is well sat
isfied at the outcome of the Democratic convention.
While there marked upward movement in
prices, values strong throughout the list,
and the tone distinctly confident. with
changes at the close showing general gains Wall
Street take the view that the failure to insert
a gold plank in the platform practically assures
the success OF the Republican candidate. with
continuance OF the we'll tried Republican policies.
and for this reason financial men feel confident OF
the future Only few-a very small minority
even suggest the possibility of Democratic victory.
The dspleasure OF the gold Democrats at HIS
hasco naturally is extreme Their feelings were
summed up yesterday by ]. Edward Simmons.
president OF the Fourth National Bank. and one
OF the most prominent sound money Democrats in
the city. in the following words:
Judge Parker Is in my opinion. gentleman Of
the highest character. ana his ability has been
chief Judge OF the highest in the State II he
nation win be in safe hands. | confess am disap
pointed because mention OF the money question
ar mSG ought the ao have declared FOR gold and
itself unequivocay TO the maintenanse OF the ex,
courage enough 10 do this. and 10 have repudlated
Of NewYerk could. in my opinion. have been easily
carried for Judge Parker next fall But this cow
party sttll committed to silver and the outlook for
Democratic success is, in my judgment, oy no
means buoyant.
A. 3. Hepburn, president or The Chase Natlohai
Bank and formerly Controller OF the Currency,
expressed himself thus:
The outcome of the ST Louis convention Is very
satisfactory from Republican point OF view
think Mr. BRYAN mas oseIpayed ms naaa ne
he has failed. During two Presidential campaigns
Foe eds hS ana his 70 party into Such
that they seem destined TO go down to defeat again
may enjoy the passing triumph Of having a siaI
In so doing he makes himself practically respon-
nospS SRG man anTG he pary the
In one sense. II Is great triumph to have the
Dental campaigns practically upon one issue of
free silver. eliminate the question entirely from
indicated consensus OF opinion that the gold
The declarations OF both the temporary and per
manent charmen OF the eo5ye5tiSn and the rec0s
to stay by the Solid South are great triumph. ana
lions The failure adopt wholesome declara-
ton in favor OF the present standard OF values
at the polls. notwithstandin the fact that Judge
Parker Is ana m0s sused most 10 10 @
charge the duties of the high office for which he
has been nominated
The views OF these representative bankers the
views of the treat majority OF wall street men,
Henry Clews takes an optimistic view OF the fnan-
cial outlook. Here's what he says:
The business situation evinces more strength and
confidence than for long period unqueStionahiy
poticaI situation; or in other words to the dis
appearance OF various vagares from the political
arena. The return in that direction TO political
sanity is of the most encouraging features OF
the times 1t is long time since political condl-
/ tions have commenced TO assume stable and
satisfactory an outlook Ever since Mr.. Bryan's
advent the country has been more or less under
/ the fear of radicalsm but this apprehension Is
now likely TO disappear and one of the most In
sidious and dangerous movements in our political
history is likely to become thing of the past. 1t
is slight gain TO have so serious disturher OF
confidence subdued, and In consequence American
institutions and American Investments, we'll as
American politics are likely to inspire greater
fdence. not only at home, but In due season abroad
betting There hasn't been much yet. but on
Friday and again yesterday few bets were made
, at prevailing odds of to Roosevelt Demo
cratic money Is scarce. Allen. McCiraw 81 Co yes
terday. the curb. bet $500 to 500 Roosevelt
Il. l. Graf taking the small end. J. ]. Judge Of
fered $500 Parker against 81 200 on Roosevelt
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