The Daily times. [volume] (Richmond, Va.) 1886-1889, 1889-11-10
STOCKS AND BONDS.
EFFECT OF THE ELECTION ON
THE MARKET.
No Changes Thought 90 Have Been Pro-
duced on the Condition of Securities In
General. But the Virginia Market Much
More Healthy.

More Healthy.
We have no stock market worth men
tioning in Virginia" said Major D0Olel
Yesterday, when he was asked what hi
thought had been the effect of the late
election on the stock market in this state
There are not usually ~ much %. Loo
shares Of stock sold here per day
while in New York they sell from it5.vl
10 JOoVj shares; representing somcWber,
! about 23.Olp.VD or SjnWl.O ul But there's
mo- market here. Money j. too tight and too
hard 10 get. and Richmond men deal more
IN Wall street than they do at home. Money
j. irecr there, and the advances for margins
that have 10 DC made can be- easier pro-
cured there.
"liut to return to your question. viii
say this much: ! expect the election hero
had "a generally good effect on Virginia -c-
curiie-. ! can readily see how the tone Of
The market could be affected by such re-
suit
Mr. {. +. Bedford. n Twelfth street broker,
was asked his opinion about the effect Of
the election. Virginia securities have
risen" Doe said. land the people are better
satisfied. now that Mahoneism has been
Killed ont. Virginia thrcc'- have gone up
Two or three per cent. bat ] don't see any
elect ON the New ! ork market"
i'm local securities. thought the election was
not without its effects on the market in
some special Instances. The general tone
Of the market, he did not believe 10 be at
MI affected. but. in cases like Iowa. he
could see the effect Of the election there up
on the stocks Of roads running through that
state.
MIR. ". Il. Quarles. Of Warren & Quarlc-.
did not believe the good results Of tuesdays
victory could Doe yet seen. The only thing
that could yet Doe attributed to the election
WAS the rise in virginia securities.
Me~sr-. John l.. Williams a son said the
market had advanced ON recognized Viz
ginia securities. and the tone had become
better The putting down Of Mah0ncism
WAS powerful blow. and il ID had not been
done the Virginia securities would have
dropped corr -pOnding low. Nr. Williams
did not see any effect on the outside market.
Mr. &. ". Branch. of &. ". Brnch& Co..
thought the eject in Virginia WAS local
merely. The New York market was moi ai-
trctcd.
Mr.. Quarics. cashier Of The Planters Na-
tional Bank. said business had materially
improved since the election. and the stock
market WIS -tcddier iu tone.
Mr.. !. IS. lockwood. cashier Of the Na-
tional Bank Of Virginia. thought tiHt real
estate would 20 mp in value IN consequence
ofthc election last Tuesday. Business had
briskened considerably, and the stock mar
kef was more active. H. looked fnr greater
results from the victory in The future.
John \. Bambleton d Co.,. bankers of
Baltimore. in their circular this week. have
'he following The people of Virginia.
and. i'm our opinion. the holders Cl \ irginia
bonds. are tO Zee congratulated uu0n the
deiedto Malone The DEM
lcratic party has treated ihe hondh0laor-
,adly enough. bui % i-nOt 90 ho forgotten
Malone and his follower. Were the primary
'ause Of the i0roibir REIMBURSEMENT scheme
which was later oa. in seil-deionce. adopted
'y the Democratic party d- ihe lesser of
WO evils. a.. compared with negro .upr.-
macy. Well. Malone J. now ABOUT as dead
as hc can Well bee. and il is NOT
kelly that hc VIII. after such defeat.
gain undertake political campaign ina
irsnia."