The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-06-10

Financiers See in Him an Offset
8 to Radicalism Of
Hearst.

Special to The Journal. ..''''''.''
New York, June 9.-Indications in
Wall street s political circles are. very
strong that William J. Bryan will be
president in 1908. The eastern demo
Gratis, excepting, of course, the Hearst
wing of the party, are falling into line
rapidly for the silver-tounged orator
of the Platte, and will give him a big
reception here on Aug. l, when he is
expected to arrive from Europe. Will
liam R. Hearst intends to run for gov
that, should he, be elected, he will cer-
tainly run for president. Mr.. Bryan
has written a letter to one of his
friends here, and its reading is pleas
ant thing to Wall street and all con-
servatives, in which he says: SIT is
time to call halt 81 on socialism in the
going too far.''
The. regular democrats, who with the
sized panic on account Of the Hearst
spectre, have hailed Mr.. Bryan's dec
laration with great joy, as it gives
them hope that Bryan will be able to
knock the Hearst boom into smither-
Gems. They even go so far as to say
that it means the beginning of the end
Of Hearst as presidential candidate.
Hearst, however, does not show any
signs Of fright and is pushing his cam
ipaign for governor for all it is worth.
THE Bryan reception is to be held in
Madison Square, garden and democrats
from all over the country are to be
present. The affair will take on the
character of democratic lineup
against socialism. An excursion train
is to be run from st. Louis via Indian
.apolis in order to bring prominent
democrats from Missouri and Indiana
TO New York on the occasion: Men
finance, including David K. Francis Of
Missouri, will be on the reception COM
:1nittse, and with him will be Charles
A. 1Towne, William Sulzer, Timothy D.
Sullivan, 0. Fl. P. Belmont, William T.
Stone, of Missouri, Carter Harrison of
Chicago, Clark Howell Of Georgia and
Others: 1t is reported that if Bryan
come here from Ireland to help him.
The stock market shows little life,
the attempts of spectators to bring in
the public have signally failed. The
most sanguine operators now admit
that absolutely nothing can be done in
the way Of "boosting' prices until
menace to corporate interests disap:
+ pears A fruitful source of comment
Is the beef packing disclosures, which,
however,, are not regarded as a bear
argument on securities. Wall street
has evidently undergone SO much Of
this sort of thing the past year, begin;
extending even to that supposedly
model railroad corporation, the Penn
sylvania, that it has become hardened
to stories of graft and mismanagement.
:. In. the IIill shares, Illinois Central,
Louisville .d{ Nashville, Southern. Rail-
way the anthracite issues and the
granger stocks, speculation in the week
these stocks 10 higher figures, but the
buying of the issues name d represented
nothing beyond the operations Of board
room traders and a few prominent
operators VIII 10 are included in the so.
called Gates element. Operators of
this class continue to assert that the
but their idelas receive little practical
; encouragement, tho it is thought that
later on in the summer, provided crop
: conditions continue favorable, there
! will be more activity and better prices
for both stocks and bonds.
Gold engagements have been made
more difficult by the action of Score
ftary Shaw in withdrawing his specia,
facilities which practically amounted
putting the gold import considerably
higher. Of course, should necessity
require, his ruling might again be SCI
In force. The arrival of gold from thu
Klondike the total movement of which
during the next three months is esti
mated at $25,000,0OO, has an important
siderable uneasiness prevails regarding
the situation in Russia Should a ser
ious uprising occur, the French banker
would Immediately tighten the string
to the gold reserve.
The pool that is booming the stock O.
the American Locomotive company pu
out report that deal is under wa!