The sun. [volume] (New York [N.Y.]) 1833-1916, 1896-11-05
OUR STOCKS BOOMING ABROAD.
Large Trade In American Securities-Busi-
ness GeneraI.s Stimulated.

Large Trade In American Seeuritfos-Busi-
ness GENERALLY Stimulated.
LONDON, Nov. ! AT the opening of tho Stock
Exchange this morning American railroad
stocks were very strong, and became still more
so under tho pressure OF q tremendous bust.
ness. 1t was a difficult matter to get jobbers to
make prices. The leading stocks were five to
six points up and the lower class of stocks two
to three points up.
The tremendous rush of business was opened
by sellers who had bought in the expectation
that Mckinley would be elected, and prices were
maintained by bona fde investors, who were
more willing to pay higher figures after the
election than to buy In doubt. Some little re-
action was expected. through the bulls realiz-
ing, but tho feeling was only temporary. as
there was even q heavier rush Of bulls at the
higher prices. There were . great many New
York orders. some of them to buy Irrespective
OF prices.
P. NJ. the market was still excited, with
q weaker tone. The Stock Exchange market
closed auieter and below the best prices touched
by the opening figures of the Now York market.
the prices causing some disappointment. Atchi-
son. Topeka and Santa Fee preferred closed at
27A, Denver and Rio Grande at 10. Denver and
Rio Grande preferred at 46%, Ontario and
Western At l5A. Norfolk and Western at 1915.
and Union Pacific at 1lst. The other American
railroad stocks were unchanged.
eh There S TeTe few e~, free re d fiEsts on the ns S stock Ell K
regard to the result OF the Presidential election
In America. but there was no indication of fear
the United States. The setback of to-day's
market was due TO profit taking; There were
Vile Vile and tchicaSo. M ii and St. Paul
shares and q persistent demand for Atchison
and Reading, american buyers absorbed the
The election OF Mckinley has given n great
II impetus to trade in the wool and clothing dis
triets OF bradford and Yorkshire. American
dealers cabled large orders to-day. and the
prices OF raw and manufactured materials are
Liverpool commercial and shipping circles are
well satisfied with the result OF the election in
America. In Glasgow mercantile circles 1t is
stimulate exports to the United States. and
there 10 a desire to rush export trade ms much
general expectation being that a high taritf of
at least two cents will DO imposed upon sugar.
Mr.. Walter Byrnes OF the American banking
house of Morgan & Co. is authority for tho
statement that enormous orders have been re-
ceived for the purchase of stocks OF merchan-
disc, many OF which have been awaiting the
election OF Mckinley for execution. The large
buying movement has only been tempered with
United States. which would tighten the money
market here. Therefore some caution has been
observed.
Chairman Hanna:
and AVE- We. glory Ipayd IL Of our on new Tn baptism p ! in pa tGh ian
our country. A. Mod. MCCooK,
"A. q. HALVES.
JOSEPH REDDING."
ROME. Nov. 4.-The victory OF Mr.. Mckinley
made an excellent impression in banking and
business circles here. The bourse showed q
great deal Of animation to-day and rentes have
risen.
A despatch from Dundee says 1t is reported
there that the local Investment companies have
been making large purchases of American Sc
~curities since tho result of the Presidential cleo
ton has become known. The market for goods,
the despatch says. has not yet been affected. =