The Washington times., 1904-07-25
rJEW YORK.

Politics seem TO be cutting a small
figure on Wall Street at present.
Whether the sparring between England
and Russia and the strikes all over the
country are overshadowing the coming
campaign In the minds of the financiers
or whether the settlement of the money
question by Judge Parker has served TO
quiet their fears to the extent of causing
them to lose interest entirely, remains
TO be seen. Political writers have in
dulged In much speculation as to
whether or not the campaign funds
would be large this time. So far moth
ing has come to light which would give
a definite line on even the probabilities
one way or the other.
1t has been limited that now that Par
ker has declared for gold Wall Street
has no further interest in the campaign.
and. therefore, no fabulous campaign
fund will be forthcoming All things
considered. Wall Street prefers the Re
publican party. but In this instance Z
prefers the personality of Parker to Il r.
personality of Roosevelt. With a con
servative man at the head Of the Demo
cratic party and a radical man at the
head Of the Republican party il is a
case Of six to one. half a dozen of the
other as far as Wall Street Is concerned
and the only chance OF a gOOdly supply
of "the sinews Of war" il would seem
would be for one side Of Wall Street to
become opposed to the other. In that
case each side would spend money TO
beat the other and the election of its
chosen candidate would come along as
an incident.
The Anglo Russian trouble over the
seizure OF British merchantmen by the
Russian warships, was the most talked
OF incident last week. The fear that
il might lead 10 international cOmplica-
tons which would involve other nations
was, at one time grave. This anxiety,
while II exercised a most direct influence
In the foreign markets. only affected
Prices here TO the extent OF bringing
about sales Of. perhaps, 10000 shares OF
stock in our market for London account.
To most American critics. not only those
on the stock exchange, who are com
pelleu. professionally, 70 weigh the prob
able financial result Of all such occur
FENCES. but 70 all disinterested observers,
the pOther raised in England over the
matter seemed to have little substantial
basis, and to consist more In the fact
Of English humiliation over the search
and seizure of a ship belonging to ar
important British transoceanic line, than
to any distinct violation OF international
law. Nothing Is clearer settled than the
right Of search of vessels Of a netual
power by the warships of another coun-
try that is engaged In an armed con
test; and nothing is better settled, too
than that these warships can seize such
neutral vessels If they find cOntraband
of war IN their cargo. the nation cosl-
hitting the seizure being duly response
BILE in damages, which are sometimes
large, If 1t Is afterward judicially estab-
lished that the supposed contraband ma
terial IS not contra band after all.
The outlook as concerns the crops
stiU seems bright, that Is, that we will
have good crops this year sold AT rea-
souably high prices. II IS true that IN
the case Of cotton. the most important
crop of all, the critical period of It's
growth has only just begun. and cannot
be said to be over until about October
10. as witness last years experience
But we know that a record cotton acre
age has been planted and that the
weat Their for the crop thus far has been
propitious There IS nothing yet about
cotton. therefore. to excite alarm. For
over ten days now the wea ther In the
West and all over the agricultural sec
ton has been all that the farmers
could ask The winter wheat harvest
has been practically completed, and
there is a disposition 10 modify the
assertions as TO the damage 70
the crop done by the rains. Spring
wheat has prospered finely, and prob
ably most OF those fitted to rank as
competent observers now look for a
combined crop Of spring and winter
wheat OF over 600 600 900 bushels. as COM
pared with estimates Of 20. 900. 600 bushels
less than that figure a fortnight since
The warm. clear weather has unqueS-
tioHably put corn ahead with a squirt
and thc Government crop report taken
on August l should show a condition
Of corn well In advance of that at the
beginning Of the present month.