New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-11-10
NERVOUSNESS IN WALL STREET


MARKET AFFECTED.
Wan Street presented somewhat curious spectacle
yesterday. Democratic brokers who had eApeo'cu
Mr.. Ceyelnnd's election jubilant vi the NcoIN
secured. but those Of them who were long OF 500 ~
were worried over the behavior Of the stock marAe''
Between their conflicting emotions was nara lV'
them 10 determine whether they were happy or Nh
comfortable Among RepubUcsrs there was gioo"
which did not rest upon partisan Disappointment p"
upon a feeling that the revolution In the Nauoi'I
Administration meant evils to business interests ana
prosperity.
The stock market showed that It had received a
shock. In the last few days preceding the election
the Democrats had claimed that the success oil ME-
Cleveland would inspire active buying from foreign
soINeS. The position Of the market WIS conceded III
the event that the voters Of the country decided 10
continue the Republican policy and the prosperity
which prevailed everywhere The sentiment had beeh
sedulously cultivated that matter what the result
Of the election might be stocks were sure to have
"bOom.' Bat yesterdays market did not reflect TINS
philosophy. The opening weak. with an eX-
cccdingly feeling prevailing. The bear traders
utilized the situation with effect. Activity was
great, but the industrial stocks fell lo2 per cent
and the general list as rule lost l-2ol per cent
Many brokers and bankers expressed the fear that
business uncertainties would exert gradual depressing
influence upon the situation.
There calmer feeling in the market at the
close, In spite OF the lower prices recorded. Demo
cratic bankers and capitalists OF prominence used their
influence in quiet way 60 reaslre their friends In
the Street Il was pointed out that II would be
year before Congress would be Democratic In both
branches. and II asserted eniphnticall, that NJ
Cleveland would stand bar against too radical
legislative experiments. 5. " White represented
Side OF Wall Street sentiment. when he said that Mr.
Oeveland's election might chill. but II could not
XIII bull movement Another view OF the result was
given by Henry Clews. follows:
"Thc result OF the National election, placing the
Democratic party again In the ascendancy, will nan
rally cause some depression. temporarily at least. in
business circles this SIDE il will tend 10 make
the future uncertain than otherwise. because Of
the wellknown hostility to tit Mckinley tariff law
Willie there Is not much likelllOo Of many very rad
cal changes being made during Ceveland's admins
tration nevertheless It must lie remembered that an
apprehension with business mon is often as intin-
dating and hurtial The reality. Industrial proper
ties in Wall street will probably be mc;c likely to be
affected by these forebodngs than other securities
The election Of Mr Cleveland. however. viii produce
a contrary effect 10 that above stated. In England
as the manufactures and GanclerS there will indulge
In the hope That the Mckinley law Will be repealed
and that this country will again b. open TO their
cea la Dor manufactured goods. and that, IN
quence prosperity with them will take the place Of
the serious depression which now prevails. and for
long time past has existed throughout The country
That such a political revolution should have occurred
in so quiet and peaceful way all the Nation
is in itscf grand result, and goes strengthen
Gdence in our n publican form OF government. which
stands alone Of all the governments Of the world n
beiuC able TO sustain Itself in such revolution with
out rsoring serious riOOus disturbances ana blood.
sized. For NY part. d. not consider that the will
OF the American people. which ha- turned the Repub
Lean party ont Of power, WAS based on the desn 10
put the Democratic party in. 80 much rs IA desire
to put the who headed their ticket there. their
confidence being in him individually and recognizing
him being head and shoulders above bis party, AMI
therefor, willing to trust him while they would scarcely
lie willing 20 t1Ist Tie party tSfH The newly cleciei
Presidents record In every public position that be
has occupied / hope warrants the belief, Indicated by
the voice II the American people that they have not
In this election, really endangered the best Interests
OF tue Nation
The philosophy o, large number o! financial men
was expressed In ibis remark OF well known bank
president: 4" 7 consider the result calamity. Idt
we have got year in which 20 put oar hOnses I'm
order
The following list OF the he;tOrs the Stock Ey-
chang who large Of money on the result
CT the election. made b. wcllnfDrmcd brokers
Harmon H. Hartman $4,000 l.. e. Bell, $4,000
Daniel Chaunccy $4,000: e. |. Hudson. $1,000.
and John GOodchlld Edward b. Talcoit, Daniel r.
WOrden +. II. Benedict II. !. Nicholas Samuel A.
Walsh A. j. Wormser. Il. Llmburcnr. Arthur Hunter
~. c. BouHcr. f. Randolph. W. If. Cranberry and f.
l.. Norton, each 5000 ove:.