The Savannah morning news. (Savannah, Ga.) 1900-current, 1904-07-17
WALL STREET VIEWS
The Situation There Changed by the Parker
Dispatch
By w. G. NICHOLAS.

49, York. July 16.-National poll
- has been the dominating influence
.be stock market for more than a
ii, The Wall street view of
..toal situation may be narrow and
f.,,,dad on selfshness. but it is never
s5.,sss a decided and tangible quanti-
I'D contributes its part to the MAX
~ and unmaking of values. For the
..r,e being there has been apparently
.tbtnp in sight more important than
~. issues raised by the two great
Da.tona1 conventions. and these issues
i've been the live subjects for dis
-,ssion and for speculative action in
the stock market.
WITHIN the week. Wall street has
Undergone at least one conclusive
obsnge Of sentiment. and it may go
tbrough many others before the cam
oien is over. Immediately prior to
he parker gold telegram incident, the
oon,-iction was general in the financial
5ierrict that by reason of its lodging
of the money question, the St. Louis
Convention had thrown away the
Trasidency and that Roosevelt would
have walk-over. The fight was clear
w. Going to be a repetition of 1896 and
iqo6 There was a feeling of relief that
me element of chance was eliminated
inns early in the day. In many quar-
t taU' deep prejudice existed against
roosevelt, and the hope had been
-oiced that the Democratic Convention
might place before the country a plat
form and ticket which would COM
mand the confidence of conservatives,
regardless of party as opposed to the
nrpsent White House impetuosity. This
dlscontented and dissatisfied element
swallowed it's disappointment over the
halfway position taken by the conven-
tion. and was preparing to go back to
roosevelt as the only refuge.
The Parker telegram changed the
face of affairs and all this week senti-
ment has been crystalizing favorably
IN the Parker candidacy. This shifting
sentiment has been entirely free from
disturbing features. 1t has been
strengthening in every respect. The
expression is everywhere heard that
Mr.. Parker's declaration of independ-
ence entities him to the respect of
substantial interests, and that no mat
ter what the result may be in Novem-
Der apprehensions of business upheav al
may safely be dismissed.
Not that craftsmanship in Wall street
has disappeared, for such distinctly is
not the case, but there is in this dis
trict a very large element not bound
hard and fact to either political Or
ganization and which is governed by
what it believes to be for the best in
terest of the whole country entirely re-
CARELESS of partisan politics. The rad
icals in both parties have denounced
this element under the general term
of Wall street" A more generally
acceptable name and definition is that
comprehended in the term business
interests" That sentiment may be
more definite where the larger inter
ests are concentrated as in the finan-
cial section of New York city, but it
permeates the entire nation and finds
Judgment wherever there are indus
tries and wherever thrift, frugality
and home love dwell.
In the new light which has been shed
upon Judge Parker's personality the
business interests, as represented by
Wall street, find satisfaction and calm.
This is a statement of fact. 1t finds
expression and reflection in every
counting house in the district. 1t is
seen turther IN the revival ana DrOaQ-
enlng out of activity on the exchanges.
Politics is not everything to the pres
ent situation and must not be held to
he solely responsible for the stimula-
ton referred to, but it has been very
important and moving factor. 1t is
the Ingredient which has stirred things
up and aided in the imparting of life
to what had previously been very
dull and uninteresting situation.
While on the political phase Of the
Wall street story mention NAV be
made of the speculation being INDUCED
In as to the later aspects of the cam
paign. will the campaign drift into
condition of indifference. or will the
spirit of partisanship infuse spactacu-
lar fire into the battle as the day OF
election approaches" is the question
which provokes insistent debate in Wal
street resorts, and whenever people
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