New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1880-10-14
BUSINESS STABILITY ASSURED.

tnc continuance Oh ~ UHducldl poHCy uHuSi
which the country is prosperous.
BUSINESS STABILITY ASSURED.
IMMEDIATE EFFECT or TIE NEWS FROM THE WEST
on THK STOCK AND PRODUCE EXCHANGES
CONFIDENCE IN THE FUTURE.
From the Republican successes IN Indiana ana
ONO the stock market gained fresh courage. For
more than week prices had been wavering within
small limits dull expectancy of the result of the
October elections. New strength was gathered
from the magnificent of the R
publican dem onstration Monday night. and prices
showed marked improvement Tuesday The
anticipatiOns aroused then more than realized
on Tuesday, and yesterday renewed confidence was
shown BY the increased activity and strength of the
stock market There were no two opinions about
the final result of the Presidential election The
Western elections accepted universally as a
sure indication of the drift of public opinion and
among members of the Stock Exchange
there was manifest a strong conviction that the
election of General Garfield assured. Even the
betting between the members which bad been
some what in favor of the Democratic candidates,
suffered a sudden revulsion and those who had OF
fered large odds the election of Hancock yester-
dav freely offered 10 1 on New-YOrk State going
Republican The odds were freely offered, but were
not taken with similar confidence
For several days the stock market had been ex-
cessvely dull and prices flucluated within narrow
limits. The total transactions Tuesday amounted
10 only $4,000 shares but that bushes
largely exceeded that of Monday which reached
only 100 900 shares. On Friday and Saturday
the sales barely exceeded O,OOO shares and the
business was confined wholly TO he dealing, of pro-
fessional operators. The Republican parade Monday
night was a revelation to the average stool: specu
atOr and early the next dav he sought TO buy
stocks at previous prices The result was seen in
the larger volume OF business and In the higher
prices but even then there a slight uncertainty
as to the final result. and the advance hesitat-
ing and uncertain. Tie announcement yesterday of
the results of the elections in Indiana and OHIO put
an end at once to these doubts. Every one
acknowledged them to be satisfactory
settlement of political questions; of the
final result no one entertained a doubt
The consequence was sharp demand for stocks
and bonds and as the demand increased prices rap
iCly advanced. The rise general, and almost
without exception prices closed at the highest fig
ures for the day
The same strength shown in the
general bond market. Railroad bonds
were almost universally higher and OF Government
bonds the newer issues made noteworthy advances
Four and one-haf per cents u TO 10s per cent
and per cents "a per cent, closing active and
strong a. the advance In every branch OF specua-
ton the advance was controlled by the result of the
Western elections
ExULTlNG on TIE PRODUCE EXCHANGE.
There was a general good feeling among the
members of the Produce Exchange all day yester-
day. ANA rs later returns came in, confirming the
reports that Indiana lad been carried by the Re-
pubhcaus, there more hopeful tone
ON the market There has not been
hafo a a
for legitimate trading. Those who had been besit4-
ting to do any trading because Of Their doubt to
the success OF the Republican parry seemed 10 he
inspired with more confidence aud felt that the
election OF Garfield WAS now an assured fact-aud
business interests would not be disturbed. The
wheat market opened a cent a busaei higher, ana
other products responded.
A dispatch from London stating that " in view OF
the Republican victories in Indiana and ONO.
American securities firm and IL demand" did
not seem TO offer much consolation to the Demo
Gratis They tried to take the news in the besi of
humor and several actually admitted that
1T was all for the best One prom
iuent member of the Exchange, Democra
who had made wager of 800 Monday that In
diana would 60 Democratic by at least 5000 major
ity stepped up in TIE most pleasant manner yeSter
dav and rendered his check for that amount. There
were numerous Rcpu Dlicaus VINO offered TO make
wagers of even money that New-fork woaid be car
Red BY the Republicans. but there WAS a greater
scarcity Of enthusiastic Democrats than last week.
IL was the general expression among the RepuOll-
can members of che Exchange. u GLIDING j. Hobart
herrick. Leonard Hasetlne, II. NJ. Regua, George
Martin. l.. V. MacfaTane and many hers OF prOml
nencc that while the effect OF the Republic N vic
tories would De more prrccptble on the Stock TX
change. the effect upon business men would
br such 10 INSPIRE confidence AID re-
vive trade which had become staRnant 1t
was the opinion that the outlook was much more
encouraging, aud that not only was New-l Crk sure
to 90 Republican, but that many OF be dOubtu l
States lncudlng West Virginia and Florida, could
be safely counted among the RepublIcan STATES.
They could 10 other effect than that the luke
warm and undecided voters would support the Re-
publican ticket.
that indiana would surely 20 Democratic, said: " Oh
course, we expected defeat :" and others Land the
bl m, of their disappointment upon Mr. English,
for giving them so much ENCOURAGEMENT.
BUSINESS MN FOR NATIONAL PROSPERITY.
Thomas Hillhonse, Assist ant United States Treas
nrer, said: Reasoning from probabilities. there
is little doubt OF the result of the Presidential CAM
paign. Even if tine Republicans had lost Indiana,
and their chances of carrying 1t at no time aD-
peared very great we should still have had hopes
of New-York. The business men. who are the
thews and sInews of nations prosperity. arr
deeply interested this campaign, aud their lnfu
ence is very great They. a rule, are party men |
to degree only, and when their business interests
are anita gonistic the claims of their party they
let the party 90. l III ght even put it on
higher grounds | say the merchants and |
business men always worked and voted for |
the party best calculated to increase the
material prosperity of the country, but this
after all is the same thing Tho business OF
New-York. and perhaps OF the whole country. are
alarmed al the thought of any change at the pres
ent time and believe 1t wonld be disastrous. There
ia every indication tina. NewYOrk. and in all prob |
ability New-Jersey and Connecticut, will 90 Repub- |
lcan.
John A. Stewart, president OF the United States
Trust Company, said to a TRIBUNE reporter that the
Repnblican victory in indiana and Ohio might have