New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-11-12
Mon Y IND BUSINESS.

The election has passed without any disturb
ance of business and now, to the surprise of
some the expected advance in stocks Is defeated
by foreign selling, while higher prices real
lied for most products. But the explanation is
easy The stock market has been largely made
by foreign and domestic holders, who favored
Mr. Cleveand's policy. and expected it to sue
coed These people, being disappointed, natu-
rally want to sell. If they believed Republican
Administration bad for the country, they natu-
rally imagine that Republican President, House
and Senate will be just horrid-p particularly those
who have been specializing on the strength of
public funds deposited with certain banks On
the other hand, fear that the Presidents policy
might prevail had restrained purchases of many
commodities, and the people having decided that
Industries are not to be disturbed by opening
the doors to larger mportations, better demand
for products is realized or anticipated SO wool
has risen rapidly and cotton a shade, and iron
is stronger in spite OF increased production while
the selling of stocks has so fully met the demand
that the average price is but three cents per
500 higher than week ago, a rise on Wedncs-
day having been checked by European and other
sales.
When the buying and selling which immedi-
ateIv result from political sentiment have passed.
IT, will be realized that entirely new conditions
bovc come to govern business for some time to
come New relations with Canada, in one way
or another, are probable, and with Canadian
corporations and Industries; new interpretations
Of laws relating to imports, even before the laws
themselves can be changed new and intelligent
efforts to open channels of foreign trade, with
bettor mail facilities The Treasury will not
long continue TO make the retirement of bonds
more costly by lending TO holders the money it
has ready TO pay for bonds, and as as
possible the purchase of bonds Will be stopped
by reduction of the surplus revenue Assurance
Of continued protection and iustcr interpretations
of the laws will revive branches OF manufacture
which have been depressed Admission OF Terri
tories long un Justly excluded will encourage set
element and railroad building. Wiser legisla
ion may clear away some of the evils resulting
from the Interstate act In anticipating and
measuring such changes, business men will lind
occasion for large modification of their estimates
Tor some time TO come
According to the Pitfsburg statement by The
american Manufactur the weekly output Of
zig iron was but 900 tons larger November
han October /, and 10 900 tons smaller than
November l. 1887. No change in prices has re-
,ul,ed rs yet, and instead OF the marked advance
in steel rails which some report there have been
unusually large sales AT prices believed to be below
.ccent quotations, which are S27 so to s2s. About
o. 600 tons for Vanderbilt lines and as large "a
quantity for pthers are said to have been Sold
yith orders pending for 10000 tons more. The
coal and coke trade about Pittsburg Is active
and operators preparing 10 snip coke from
hat city, where the price is 81 21 TO Belgium,
where the price is 81 %. The anthracite coal
rade is less active but the output continues large
md the stock is supposed to be accommodating
While wool has risen sharply, IN the belief that
the demand must soon increase. the gooas market