The Wichita daily eagle., 1894-11-08
ROSE WITH A RUSH
RESULT OF ELECTIONS Is EXACTLY
AS PREDICTED.
Share Values Appreciate on As:ur-
ance That Tariff link ering is An
cient History aud Popuii-ts Pow
erless to Upset the Currency
Booming Bond Business.

NEW YORK, Nov THE speculation on
the stock exchange today was marked by
a strong tone and there was good buying
throughout the entire list. Il was very
evident that wall street was sati- fed with
the elections aud believed that the Repub-
lican success will be followed by revival
of trade and general business improve
ment throughout the country. Siguif
canoe OF the result from speculative
point of view is that il is certain, a. ibr
street reads the situation. that for the
present no tariff tinkering will be
induced. with its disturbing Infiu-
ence on the community. and the
downfall Of the PopulIsts in the west
checks the growth of an agi' alton whici
had already become powerful enough TO
be hurtful TO business Interests by reason
OF attacking the stability OF our monetary
system aud tending toward inf tlouism.
With these views firmly fixed, a majority
OF the traders ou the exchange went on
the boards ~ buyers, aud they aud their
purchases sent prices up with a rush. Ia
the first fifteen minutes Sugar rose -
per cent; Burlington, rs per cent; Della
ware and Hudson and Nv Jersey Ceutral
- Der cent; Cotton Oil, per cent; Denver
md Rio Grand-. J. per cent; Denver and
Erie and Western, preferred, %. per cent;
Minneapolis and 81. Louis, l per cent;
Minneapolis AID St. Louis, preferred. and
Lead preferred. 1& per cent;
Delaware and Lackwanna, , per cent;
Consolidated q G,s 25s per cent. and other
active shares @Is per cent, the latter
St Paul, New York Ceutral, and Louis
VILE aud Nashville. At the higher fig
ures some operator who acquired lines of
stocks at the lower figures Of last week.
undertook to rraliZe profits with tue re-
suit. first. of checking the advance, and
! then of breaking prices Hd25s per cent;
the latter Sugar; -! per ceut Nv Jersey
Central; IL per cent Burlington; "a per
cent Western Union. LackAwHnnA and
Delaware and Hudson; Il per cent Nori n
western; l per cent Chicago Gas and B al
timore AID Ohio; Is Per cent Consolidated
Gas and Lake Shorr; PER cent St. Paul.
Rock Island, Louisville aud Nashville. aud
Lead, and a smaller fraction OF therwise.
Wh-e ing and Lake Erie preferred which
had risen IL per cent. reced-d 2 Der cent.
aud he common, which had advanced 1s
per cent, lost y per cent. Ii was not up,il
about o'clock that the market recovered
from this depression, hut since l:30 there
was a steadyiug of the speculation which
grew IutO heavy purchasing movemen'
around delivery hour. Speculation became
active aud buoyant and there was a sharp
appreciation in values which continued 10
the close. the market finishing strong aud
buoyant. Compared with the closing
figures of Monday, the price. made
today are 1.@2i+ per cent higher,
the latter Lake Erie aud Western pre-
f.rrrd, Lackawanus and Consolidated
Gar % per cent; Rock Island ~ per cent;
81. Paul and Denver and Rio Grande =
per cent: Colorado Fuel IA per cent; Pa
citic Mail and Lead. preferred, rs per ceut;
Burlington. Southern Pacific. Union Pa
cific. Denver and Rio Graude, preferred,
and St. Paul and Northwest e per cent. A
few fractional declines were recorded IN
the inactive shares.
The bond market evinced the same
strong tone which moved prices in the
share list and prices generally advanced
throughout the day. There was very
| heavy buying of the leading mortgages,
the transactions for the dav reaching the
unusually large total of s., ~, 00O.