The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-11-05
concessions Of French Statesmen and
Comments OF n British, German
and Austrian Press.
OPINIONS OF Mr.. BAYARD
THE AMBASSADOR MUCH PLEASED
AT THE DEFEAT OF BRYAN.
sound Moneys Victory Generally Re-
ceived with Favor, but Fears Ex-
pressed rs to "McKinIeyism."
Copyright. 1896. by the Associated Press.)

Copyright, 1856. by the Associated Press.)
LONDON, Nov. 4--The election OF Major
Mckinley to the presidency of the United
States had a marked effect on American
securities here to-day. Traders on the
Stock Exchange began TO buy. Milwaukee
and Louisville led the advance. quickly fol-
lowed by the entire list at advances OF 50
10 s.. which sent the brokers' flying hat
less in every direction TO join in the wild
hubbub inside, while in the streets Gus
toners were coming up by the dozens.
This was followed by English buying or
American and English stocks. On the Man.
chester Stock Exchange business opened
strong ana active throughout. especially in
Americans.
At the Baltic and Mark Lane business
opened with the same confident feeling
that there would be an increase OF business
owing 20 the result of the elections, and
operators in wheat. who had waited dur
Ing the last few weeks 10 learn the result,
began this morning TO operate. The mar
ket stiffenCd Immediately and good bust
ness was done at Cd to Is advance. Bust
ness at the Baltic closed firm at Sd TO Is
higher than yesterday. A cargo of No. 1
Northern spring wheat, November and De-
cember delivery. sold at 34s. Two cargoes
" @lGEA anu a. - Nht6 8OAA TT o-o
ed and Us I'd. respectively. Thirty-fve
%shilings was bidding for prompt Walla
walla- Another cargo of California wheat
shoat sold for 35s sd.
The Paris, Berlin. Vienna and Frankfort
stock exchanges were in excellent tone and
active to-day ia consequence of the result
of the election in the United States. and
the dealings in American securities showed
advances.
The BimetaIlic League tomorrow will is
sue Il manifesto claiming that McKinley's
election is a victory for international bimet-
allism and quoting the money plank of the
st. Louis platform.
on the Glasgow Stock Exchange all in
dustrials were strong OH the receipt Of the
election news in the United States, and
iron ship plates sold at 115 shillings Ter ton,
the best price in years.
A dispatch TO the Press Association from
Glasgow says the general opinion there is
that Mr.. McKinley's election will give a
great temporary stimulus to the British
export trade in order TO rush merchandise
forward before Mckinley comes into office.
Higher tariffs are then expected TO be en-
acted. The sugar houses Of Glasgow say
they expect the duties on refined sugars i'm
ported into the United States VIII be raised
. cents. With refined sugars selling at 3
shillingS per hundred weight the possibility
OF loss TO spectators is small. 1t Is be
leVed that Americans Will commence TO
buy largely for December. January and
February delivery There il no doubt that
there will b. a rush to export wooden
goods to America. Ship owners see little
benefit. as most of steam tonnage has al
ready been chartered for spring. The iron
masters say they have done without Amer
lea for two years. and will be able to con-
tinue without a single American order The
chief satisfaction i'm business circles IS felt
over the maintenance OF the financial stat