The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-11-05

the Rise In American Securities-EnS-
| About . High Protective Tariff, Say
Ing That it Too VIII Disturb the Mar
kets.
| copyrighted by the Associated Press 1885
London, Nov. 4.-The election Of Ma
jor Mckinley to the presidency OF the
United States had a marked effect upon
American securities here today. Bust
ness on the stock exchange opened with
a rush to buy. Milwaukee and Louis
viIles led the advance, quickly followed
by the entire list, with advances of 81 to
IS which sent the brokers flying hatless
in every direction to join the wild hub
bub inside, while in the streets custom
ers were coming up by dozens. Accord
ing 20 the general impression the election
will result. in rapid diminution Of tie
gold withdrawals for the United States,
and there is no doubt that Major NC
Kinley's victory favordbly affected the
stock exchange throughout ConsoiS
opened q per cent higher than yesterday.
A leading English stock broker in an
interview with a representative or the
Associated Press said: "dcKinley's cleo
ton has held the whole market. Large
buying orders from New York were sent
after the result was known in the United
States 2n6 started the market.
Harry Marks, proprietor of the F'inan-
cial News, said the news gave unbound
ed satisfaction in English financial cir
cles. He said:
But still think there win be a reac-
ton lin d few days. The industrial ele-
r1ent fear a return to high protection. Al
though for the present the financial ques-
ticn is settled, think the advance in
prices is somewhat frothy. While the
English capitalists regard the gitt-edged
railroad stocks favorably they know they
are in the hands Of the cliques OF spec
ulator rather than in the hands OF in
vestors, and there may be rate wars.
Therefore. I see nothing to cause big
dealings in these stocks.
BAYARD TALKS.
United States Ambassador Bayard re-
ceived last evening from the London Of
fee of TIE Associated Press dispatches
regarding the election. A Representatives
of tie Associated Press had an interview
with Mr.. Bayard today when the ambas-
sador said:
"The keynote that rises above the con-
fusion and excitement and reJoices my
ear is that the people Of the United States
guided by the instincts Of patriotism and
regardless OF past par
ty affiliations, have Enthusiastically repu-
dated reputation in any form and in
those who seek official power
that they must at least assume virtue
il they have it not and that public and
private obligations must be placed be-
yond tie reach of the political Jack Cades
Of this century. 1t will strongly tend to
re-establish international confidence IN
the stability and security of property en-
trusted to Democratic governments and
to harmonic International interests and
assist good relations.
IT, in common with all London, have
received the news of McKinley's election
with delight and satisfaction. Beyond
this, I cannot comment, either upon the
the use made Of our name, or
discuss the monetary future"
EX-PRBMIER RIBOT'S VIEWS.
A representative of the Associated
Press had an interview today on the cleo
ton with NJ. Ribot at Paris, the former
premier Of France. NJ. Ribot said:
'The election of Mckinley does not
lHc Oily tHdAi lAiC iitaJOiity
ne obtained When left America at the
md Of September it was apparent to me
hat Bryan. in spite Of his tremendous
effort, would not succeed. Yesterday
marks an important date in the history
# the parties in the United States. The
energy displayed by both sides in the
and the, anxiety with which
he result was awaited. show clearly that
he stake at issue in the battle was not
simply a question of gold or silver. If
Bryan had triumphed oNyer the Republi-
ans even with the influence of former
Democratic chiefs, with President Cleve
and at their head, his success would
lave had, both from a political and So
ial point Of view. the gravest and per-
,aps the most reGoubtable consequences.
"St:ll to us Europeans the election of
Mckinley is not altogether particularly
agreeable, for, with out doubt We shall
rave to suffer before long TO return to
n exaggerated protective policy in the
Jpited States. In regard to monetary
questions, yesterdays election shows IN
manner most evident that the solution
b be derived is through international
greement. / have several reasons for
linking that the French government is
10. altogether uninterested in this ques-
All llOW ludl lilc
5 ended we may without doubt expect
ONE initiative on the p art of France
oward the other powers
ANOTHER FRENCHIaIAN.
NJ Doubner, who was min lister of finan-
9 in the late Radical minis Try, was also
Interviewed in Paris today by a repre- |
entative Of the Associated Press. He |
aid:
Y. t. No.
ion Of the promoter of the American |
uston,s tariff is received here. In Eu- |
ope ii is generally apprehende6 that Nc |
linley's presidency will be mfavora bic |
D the development of commercial rela- |
ions between the new and old world o.. |
ne other hand, the success OF bryan |
Tould have had such economic conse-
uences and the perturbation caused In /
be great financial markets OF the world |
'ruld have been so great that few were /
hose who could have desired his election. |
Il fact, ii was never believed that he |
oul: be elected and for month we have |
al reason 10 feel absolutely certain Of
&c kinley's success
LONDON NEWSPAPERS.
London. Nov. 4.-The Star remarks:
We, il England, have great reason 10
ajoice at the overwhelming defeat OF
le attack upon the gold standard. The |
Ound money cause Of the Americans has |
aved the republic from worse that civil |
: foreign war
The Sun: The great republic has risen
20 great occasion Put
ng out OF sight the results to this cou.I-
= which must follow q fresh access of
ickinleyisnl, no one who is friendly 10 |
y United States can view the prospect
18th alarm"
Fal Mali Gazette: The decision is
ccepted with universal consent in this
eunt-y as being emphatically 10 the
colt OF the American people"