The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-11-07
THE EFFECT IN ENGLAND.
Reaction After the Strain Due to he
American Election.
EXTREME PROTECTION NOT FEARED
Feeling Prevalent That nm Era OF Largo
business win the United states Is
ut Hand-Stocks Hi her.

London. November (Copyrighted,1s9
by the Associated Press THE Associated
Press has commissioned a number OF COM
petont observers to make inquiries in vari-
Gus business circles in London as to what
effect the election of Mr.. Mckinley. as
president of the United States. has had on
the business outlook in England.
In reviewing AMI summarizing the re-
suit OF the inquiry 1t is shown that the
election of Mckinley has had most fav
orallc effect on financial and commercial
interests here. The universal rise in ali
the markets here indicates the fact. TAe
buoyanoy is perhaps partially due TO a re-
action on account OF the strain which has
been created in all circles here by the
American campaign. 1t seems evid ant also
tnat the rise OF values IN English tldrk cts
ie partly due to a belief which has gaiued
currency, and which is based on cable ad-
vices from the United States, that while
somewhat higher tariff schedule than the
present one is likely TO be enforced, Mr..
Mckinley In the White House win not
resort to the extreme protection policy
which has geen generally attributed to his
name.
There is a feeling prevalent in the city
with the United States is about to begin on
the stock exchange. The buoyancy which
has characterized American securities since
Tuesday is expected to extend to other de-
partments. The rise in the prices OF Amer
lean securities on the exchange has been
general all along the line Notable in
stances are Chicago, Milwaukee and St
Paul, which is ga higher compared with
points hiphor ard Nay yorls Can,roi
The stocks Of reorganized A,nerican rsil.
roads orc 4, os ooaS -, a 49,. -,
nricod stools ''''''' 40 'no n'sie'
the cbies husi,oss hos hoo, so, l.,
Atobt,o,, ,,,,,,..,. n"1 uce" uone VI
rro,a s au'us'nen's auu Denver ana NO
lame Nrst consolidated 1t Is said also
cart,o ,re1a ~ an immense amount oil BRITISH
$50. "SAI.ins Investment IN the United
"1"1os 'onie insurance companies, 1t Is
H,i" Sn, oo are prepared to invest 200 600
% " 49, POUNDS each tSloou,U0o to ST.
'Vrru"ol III american MORTGAGES.
., ne remarks on this point say that while
the European investor will not buy Ameri-
can securities blindly. he will buy the Sc
.urlties 81 SOUND companies which have
oeeu neglected lately owing not to their
own 1eiects but to the general distrust of
AnIerlcah ahairs.
me ECONOMIST views with Surprise that
shere mas been no advance in the United
49, NAV ~ ''AIur.
III to'niiereial circles IN London there
are estimates given Of the value or Ar,.,ri
can orders received since the election, The
urE Socas business has generally been of
moderate proportions bur the Manchester
hifrNet now expects squirt in American
trade me regular shipments to the
n!tod states acre. until November. sub
jet to the condition that they .hould be
oahrei!"' II Mckinley were defeated, but
'hev are now beng hurried forward.
Inc country trade enteltans similar
hopes of the revival OF their American
business, which has lately been stagnant,
but which is improving s,rearv notohlv
sheffield. Demand for material used in the
cutlery and plating trades is also unusu-
any sreat
III the iron market the effect OF the cleo
ton of Mckinley is already being felt
heporlS received from Birmingham are
mat more disposition 10 do business pre-
'aiis IN all depa'tmcnts there.
me WOOL industry has experienced a de-
Cueu impulse ana the better spirits are
manifest all around among those engaged
IA mat industry An Upward movement
III prices Is recorded at Bradford, where
Hi4ces Tor all classes OF woods hardened on
the improved inquiry, The yarn spinncrs
nave already protected themselves against
uearer raw material by raising their prices
III sunni ttStS l cent per pOlDi. The
f,ar tta, .-s..