New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-11-08
THE RETURN OF CONFIDENCE.
BUSINESS MEN PLEASED OVER THE RE-
SUITS OF THE ELECTIONS.
FAVORABLE EFFECT ON TIE STOCK EXCHANGE
THE COUNTRY NOW HEADED FOR Pros
PERITY-vIEWs OF wELLKNOwN
WALL STREET MEN.

PERITY-vIEWS OF WELL-KNOWN
WALL STREET MEN.
TUESDAYS elections have brought back to the
American peope courage. The business men
throughou: the country hailed with delight the
news that the Nation had been redeemed. and they
felt once again those great essential factors to all
business undertakings, courage and confidence
In the busy Wall street district. where the largest
business undertakings are launched; where Tor
20 long time there has been an utter
stagnaton Of financial and commercial enter
prses: where the shares OF ali the great rail-
way and many Of the industrial companies have
heen so long without life. and where operators
have not had the courage take risks OF any sort,
a distinctly better and healthier feeling was the
noticeable feature OF Tuesdays crushing defeat OF
the Democratic party. There was strong feeinS
OF relief in the banking community that Rspupl-
can Congress had been elected for no one now
fears that the present Congress. which has three
months to live. will dare tamper with financial and
economic questions.
The success of the Republican ticket In the state
and the Anti-Tammany forces in the city, and the
tidal wave which has almost swept the country
bare OF Democrats. were the encouraging and IN
spritlng features Of day Of successful trading on
the Stock Exchange The general list advanced on
the strength OF the elections and the strength
which noticeable on Saturday and Monday was
sn n 'Oa on Psr pa %a'
was one OF the few stocks to show a oss. 1t de-
f? bS h his haS b@n 9 xp sR and n
DISCOURAGED at is peer showing eScs2t perhaps
covered. however. what 1t had lost
THE OPENING on THE EXCHANGES.
When the Stock Exchange opened yesterday
there was In the first ha. hour OF business great
deal Of excitement. and the whole list except Man
haitian. jumped IN. Subsequently there was
downward movement which was checked. now
ever. and the market closed ut prices above Mon
days closing. With the exception of three stocks
the whole list scored net gains in the day. In the
bond market there was an exceptionally good busi-
ness dore An encouraging feature of the stock
market yesterday was a good foreign buying move
ment.
Wall Street men are particularly delighted over
the defeat Of the Po2ulsts. as the danger OF Cd
noxlous currency legislation ls made moro remote.
On ali the downtown exchanges there were dem
n.trations OF great jSy at th Gs i:epu no a
the result ana won were in h!gh STATE OF eH-
hilaratior. . .-.,or,
Bank. VINO. Ike the rest cf the wall street b'nkerS
looks upon the result "a sure .ndcation 81 pt'tr'
times said. speaking of the election ana me H.
I'm my opinion there Is little danger OF over
elections Here in New-York we are chiefly inter
ested and encouraged by the hearty ard IN
and clean government. ana this of Itself Is Il
sound basis for commercial PROSPERITY. BI'
manufacturers and farmers Will find encourage-
ncnt in the defeat OF the Pop.lists ana Of those
be too radical. While our currency may rot D
free from Objectionable features. II - certainly IN
a better condition than at any previous tune. FREE
silver and unlimited coinage have received blows
from whoh in AZ humSn PrToaG ey rr ~
deal during the last year. and the elections SHOW
;lal feature Of bus ress prosperity Is conhience
@ia nrosneci for stable currency and s;a0le
min I.ffa
63v%hIv undorstood abroad We shall have again a
demand Tor our securities which Will check ex-
ports ~ gold. AMI probably turn the 10" IN our
years we shall revival OF business which VIII
b., az market IN It's buoyarcy "a mas Deen the &C.
preston OF she last two years.
"a CHINESE DEMOCRATIC SURRENDER"
Henry Clews gave out some interesting Views on
the election. calling od-fa shonei Chinese Dem
ocratlc surrender the progressive japanese Re
pubiicans lie said: "Wha; else cou.d have been
exnected after such an exhibition OF Democratic
buug!irg incapacity II not worse? It seems 10 be
the fite Of the Democratic party, II they can &c:
death this time has been by har!-knrL IN Demo-
cr4,s went ont OF control a. National potcs thr.y-
,y, ,ea - ago and on their return they had forSo.
ten 10 take into account the growth ana PROCESS
aoncs1 the older nations Tney had lost sight OF the
fact mat as a country grows In age. especially " great
wealth has been accumulated. "s In th case 81 ms
country conservatism becomes essential witA ins
AZ a basis II vast business interests 81 w'aIi,.s
nation People who have nothing at stake 20 WIN
a nation that is new nni poor rsuaiiy 'aNe s'ss,
risk AMI resor, o. experimental ne'h2Is III ~
nanaLrm'n; Of business matters II - r.,.rr nm IN.
o. nreak with hem. Il l. wonder therefore, taat
the elections hay been 81 Focanc cna'.c'sp ~
this i;ne ard they mus sianl as 'r'.,>e l"
tnEering ana experimental AMI ;rcoreucai S'ltess
marsh.p The country i n2w n..det 10 d t~n LII ,r 80
Vent rny further Interference with business inter-
Hcnry W Cannon president Of The Chase National
Eank said: Il believe ire e'ult -, me 'r' so
VII 2ssst IN rG r5 an vo,"d in favor
of PROJECTION and s.pnd money prn'ipes. Inc re-
suli indicates that the so-cAli.l folui;s. Ply
a., - strong as was supposed. and. M>e the ol
Greenback party. vii. so0a disappear Inc ee.Hon
Ban f,o rorr d, tire peopi- al the time and az tne
prop sorc Of the time. bur yoA c1hh'' 40D' - ''
y b Hep5arn presidea; Of the Thri EA:lon nal
Bank said yesterday afternoon IN ~ 6 90 conn
alr,tou. ''Th, bus ness embarr asSn"ntS 81 tne
% ~, ..n due quite ~ much to currency eSs,
iriion rs 10 the threatened changes IN me ttIlr az.
t,'S The result OF the election nsures ne
l1pot.""'' ,ins, tariff tin,ler.r; durng the next
c%untFy md ne turning down Of the Popust
pa,y shows that our Government WI rre''s com N.
sound mG, tr,dc and liz the oad OF doubt and
un'srtilntv from ,he minle Of business mel em,, nos
Mr Ii@pburn received the folowing telsEram Yes, yes
,,rIav f!om W :. Wltham, widely "nown o"s''
ness man u atlanta; a. ,i,o.s men Of the South
indorse the peoples verdict. Prosperity p'shS To-
Slf-el Romer presilen; Of the Produce ESi b
-. believe that the fac. that we VII nave a
Republican Congress preventing me viii
i, 90 ~ disturbed business. and that there WI.
~ " cradual but steady mpr veTent on ,e hai,s
o. 1,irss n.u have an assurance or hXed OASIS "
york on for the next two years
ANXIOUS FOR THE HousECLAANlND'
,..>,,. proprr WILL. BE OVERLOOKED TO SEE THE
p,rsTrRlNG. EooDILNT BLuFFERs IN CITY
DEPARTMENTS KICKED OUT
yer two persons met Yesterday "hoSr pus'
" ,,,. tbcr, in contact with the various city de-