New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-10-14

Trading in stocks remained duh and pro-
fessiona but prices higher throughout
the list. rejecting the encouraging estimate OF
McKinley's vote 10y Senator Quay III the morn
ing papers. Operators %ho have been arguing
that uneasiness existed over the outcome Of he
sound money caus. made somewhat hasiy ci-
forts TO covr in the early trading. bu, ii is rot
at all unlikely that they will not be mano'u-
wiring for lower prices again more than once
between now and Election Day Prices may
drop with considerable speed before the end
Of the camIagn. but II they do. this will he
significant only showing the tactics Of bear
operato tors who, like the rest Of the financial
community. hon silly believe that Mr. Mckinley
will be elected. They believe that the Repuoli-
can party will be victorious. and they are fgur-
ing on profits to be made then out Of lower
prices now If good outside demand for So
curities follows Mr.. McKinley's election. rcceIt
tactics in the stock market will have been no
mistake and there seems little doubt that such
q demand for stocks will exist after November
g. 1t may not come with rush. and prices
NAV not he marked up as fast as specuatiV"
holders would wish but that there VIII be
vast change for the better no one In the imam
cia community doubts.
The foreign exchange market was weak to-
day and more gold was engaged az the Bank
Of England for export TO the United states
Foreign markets were less disturbed than yes
terdav in London the beginning OF the fort-
nightly settlement passing off without troupie
in any quarter and home securities showing
Improvement over yesterdays close whiie III
the American department there was an w
creased demand The discount rate in London
and On the Continent continued TO faTden' anu
tho cable reported little doubt in financial cir.
cIes as TO an advance in the Bank or England
rate Thursday The money markets mere wete
firm but dull, in time money practiCdiiH ho.n
In. doing while in commercial paper there was
NO DISPOSITION on the part Of the banks or other
money institutions to buy. although thers 49, 49,,
some choice names offering. builon 49, 49,
renorted an increased demand for gold from
the Middle West, and fair local inquiry ior
small lots ranging from 500 10 SI"oVo put the
,,.i,t drawals from the Sub-Treasury were lght.
and the Washington Treasury statement Oh
To-day rejecting actual conditions or Two uaj
ago showed loss in net gold OF on! I''' ~
further advance IN wheaa Mas 49,, .,''' ,hs De-
favorable influences affecting STOCKS tpe ne
cember option advancing to 'O'sc ana closiiis
al 16lzc gain OF lisc. over iast , liz
closing. Corn also was hleHer' anu % .ust
Tho eynort demand for the cereal. 1t Is ihteres,
,a TO- note an Increase in exports last week
from this country Of G2O.I99 bushes ''eI tme
preceding week and since September !, ia gu
crease of S424.914 bushels over the corr eSPVl,p,
ino rariod last wear AT the close the chiei
active stocks We're up from TO per IN T,'o amn
above In a few cases. as in American I ..tI
urh;cb gained ~ per cent: Illinois steel -
ner cent: United States Leather preferred, ., -
her cent and Chicago Gas. rs per cen ~,
American Tobacco higher on buying w
insid, interests. which caused covering Wy w
,"rto the advance being made on conpara-
lively small transactions. The genarai idnM"S
list made gains of lM2 per cent Tota ran raj,
q. ~ rohacco Sugar Refining, Burlington
a. paul. LOUISVILLE and Nashville Manhs snrsan
Peading ard United States Leather pieie'''"
furnished 1919 $50 shares .,,., s,ocls
rnSing ,rices for a number of active stoShs'
comnar"d with the final figures OF yesteruaS'
were as follows: