New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-11-05
CLOSING PRICES OF PHILADELPHIA STOCKS
Wednesday, November 4-p. IN.


All departments Of Wall Street business re-
nected IN Increased activity to-day the superb
sound-money victory won by the honesty and
common sense OF the American people. The
financial community and It's multifold connec-
tions have been relieved Of mighty weight
NJ doubt and uneasiness. and for the first time
IN MANY months in fact since 1893. trade has
been placed on q clear track where the future
IL not 30 dim that restrictions and narrow
limits will have to bound every line OF work
The integrity Of the Government has been
preserved and the currency Will not he ruined
as proposed by Mr.. Bryan All interests In the
business world feel that the prospects en-
courage expansion In the various departments
OF Industrial activity and from now on they
believe that there will DE gradual building
M process in every business undertaking IN
the country An increased demand FOR money
this morning indicated the beginning OF trade
development, and especially. as this demand
was so notably improved In the commercial
paper market Time money was lending and
Offering at 6 per cent for all periods. and mer
camille offerings OF the highes, grade were
,noted at Sal per cent. Contrary to the pre-
actions OF some. particularly In the LONDON
banking community, the sterling exchange
rnarket aid not advance on the result OF the
.nuna. money victory, and II is not at ali propa-
bIe for the present at least. that released iunus
and boarded holdings will move toward the
other side More sSla a., was sner to this country
in settlement OF trade obligations. ana IL ID
Interesting to note that the local premium on
~ n,etai disappeared this morning ana tnas
me eager and timid people who bought goid
last week tried without success 10 dispose "a "a
their holdings to day. The result OF tne e so'd
hnard,nS movement will doubtless be rehec.ea
=, %D Increases in the specie holdings Of Clearing
Iouse banks and a gradual rise In the Treas
ury's gold reserve Silver bullion was "e"" ""N
lower and wheat was nisner c.,ve in. all depart.
The security market was active III all ueP pa
rnents. stocks, railway. miscellaneous anu uos
eminent bonds all closing at substanta' NE. Hu
vances on q large volume OF DuslnssS 49,, Wnn
prices In stocks were at advances r,o" a,tar a
day's closing Of 1@1% per cent and after
short boom they began to fall. as pronts WI e
taken and the rush Of orders from the ou'siue
Afforded we'll LOADED operators chance 10 uh-
ioad on the newcomers. There was a ire,
mendous amount OF this kind OF seii,he, anu
speculative excitement ran high throuenout .ne
dAy Operations by Arbitrage houses were ,aIs 81
And the transactions made through houses wnich
KENT open all night In order to take adVahtaBe
OF the London market resulted IN heavy se,iihs
Tor nrofts Throughout the day the demand Tor
sSorks was good; also for railway and Govern
ment bonds and after the first reaction In
nrices rallies succeeded. closing prices giving
net gains among the chief active STOCKS OF Ig
AZ ner cent. The London market was strong
and higher with Americans" up iq4 per cent,
and the general speculative ana INVESTMENT
ssnt,rnent showing extremely happy Feelings
ovsr the Mckinley victory. The London money
rnertet WAS not affected, and it was reported In
some London money circle: that further large
sninn,ents OF gold from the Bank OF England to
~ tyrttsd states were expected. The actual
,rsdne in stocks amounted to sd. 1913 shares OF
which the largest saleo were In sugar Kenning'
g. Paul I-ouisyille and Nashville and Reading.
Ths business was well distributed however. with
pronounced and decided gains IN activity ,; ana
strenSth from the recently prevailing condition
~ the market All stocks were influenced by
tn serne considerations. moving IN sympatny
vifn a. sxhijaratiug political news o. the oay'