| Show Money and StocksJJndcr the War Scare Saturdays ntcaim out nt New Yrk railed it 1 estlmattil IKiine 110 000 dUO wurth nt etoks tor 1lrole ivhlch hail txen bought during th k me tic Interests In the market have I f rl gf Jo In a panic over the uncertalntki the Maine explosion and the deafening war howls of I Ijlng jellmv < Journal Im hUI tho IundDn 1 hI hon ot n moe la111 cast Ino Lndun hn houcht mrlcan stoks as nt he tor In two ear Having avoided the maikct throughout the whole of the great speculation beginning 1 Inl sum mer Iondon IW eom In at on ot tbe erltcal momnt In the rpubl hlstorY1 this auother pcamploUf Ilrit 1th stupidity and capacity ot buying Americans at exactly the wrong time or Is I London right In Its evident belief that then will b no nor We bal see Meanwhile tb Iu doa buylnl In Wal tret h had tlO Imnortanl rect I ha graty ro asrd n trlghtened domestc Intret and It has started n gold 10vment i t the United Stalls Ilia engi to Import 10 wk mountu to IZoUUO Stocks slumped < bndl ly on Ionday nnd Wednesday nnd till mnrlet nenrl went to pltces on ThUTflny hut recovered recov-ered Its equilibrium un rrlilay and un deent little change on Saturday Al t thr the active list declined ntout J125 a share during the week The trust slocks have lost all the gain since the IMt ulwnrd luvement bpcn In Nonlnbrand the rllroad share ha tvvothlnls of the gain Closer money sliefa a factor both In the securities liquidation and the drop In foreign exchange to the gold Import point CAl rlleR toard the eml of the week rul1 at 3 pel cent and the market Is I lr kely to bi come Irmr thn kr In the 1m I mllat tuturo I relc the traln the poltenl sltl > ton The Interlue movemnt ot muny ordinarily tura gainst New York at a later datetin this but the Interior banks < In some vldnt Ilarm ur the situaton ar thrln > In Ihlr tund on IIslt In New Yk tor U8 In mergnclc Th net 10 to the mtrOIKltan Instu tons Int 1 tmm this caue wa or 00000 nnd nt paymut Into the 8tates Inl1 uhtraslry elaled 00000 more Notwlthstandlnth ton shrinkage In arae IODna 01 15000000 for the week tin cash r aerves ot the elerlnhole Insttu ton were reduced over K000000 and < the surplus reserve tel S2723000 while deposits dropped J33IG300 This tendency of the money market will clip the wings of speculation nnd the aPPnrnt ot a certaint Mntnla ton I of the Cuban crisis for some time en In the event of a vtrdlct ot accident acci-dent In the Maine aalrff gives little promis 0 to renw1 rise In stocks to the Jaunty heights lately attained Hut Iu money will dlslodg mleh of the rnt IIcatmont I terlng eXhange or loa to turp at tho pred at aln rts ul If that credit 3 < aunt rl to the sum of SSO 000000 to 0000000 a mnny authorities believe IIny And 10nJ continued Imports wOlld m to be the onlir Such I movemnt I lot probable however Tle Irst ronldrabl hlpments or old wi tghten the torlgn money markets t tho polt ot torcn Iamens to American In OU08 In1 0cll1ts In stead of gold ali the stocks bought lat week would not be long In coming jack here again The wheat speculation has also been weakened somewhat by the political I cntrt ot the time though the Letter llque manages to hold the May de Ivr well above Jl Argentine shlp mtlneanwhl nr conslderablc vr iglng over n million bushels aweek and Australia It appear will have some Itt wheat to spare where last year Imports had tn be made Then comes India with promise ot pretty liberal exports on the gathering of the I new harvest hether the 1eiter gong ean dltt terms unlr ths Dndl tons Is I a question The only use ever knwn tor olr turll on whent would Lm to enable him to squeeze the hoe mnrkt nte hllIln abrad Iho bulk at 0nm1 wheat In Ight Thre wnlen mi and a IDrO woolen wool-en commllunhnl hae hen In Dlved In the reent blslne taJlra find a growing dullness In the woo mark I nnd Iaekeln demand on the wool mills all go to show that the high tariff stimulus lately applied to this Industry In-dustry has nearly spent Its force for the time being nt least Otherwise trade and manutatlrlM hDW no partular change The colon strike Is I evidently to ome to nothln nd the Indutry In New nngland will proceedon the lowe wage level established Bank clearing continue very large nnd railway earnings ings likewise reflect I large volume ot business doing Springfield Republica |
