Omaha daily bee., 1896-11-07
HAS HELPED BRITISH TRADE.
Rcnppcnrnncc of King Conscience on
Roth Sides OF the atlantic.

| bOtn StucA OF tue AOunttCs
| Copyright 1896 by the Associated prcssl
| LONDON, Nov. 6.-The Associated press
has commissioned number OF competent
observers to make inquiries in various busl-
ness circles in London as to what effect
the election OF Mr.. Mckinley as president OF
the United States will have on the business
OF England Reviewing and summarizing
| the results OF these inquiries, II Is shown
| the election has had most favorable ef-
| feet on financial and commercial interests
| here.
The universal raise in value in all markets
| here demonstrates this. The buoyancy is
! perhaps, partly due to a reaction from the
| strain of anxiety which has been created
| In all circles by the American campaign,
1t seems evident also that the rise in Eng
| lish markets is partly due to belief which
! has gained currency, and which is based
on cable advices from the United States
that while a somewhat higher tariff schedule
than the present one is likely to be en-
acted, Mr. Mckinley will not resort to the
extreme protection policy which has gen.
orally been attached to his name.
There is feeling preva.ent in the city
| that an era of long and active business with
the United States is about to begin on the
| Stock exchange. The buoyancy which has
characterized American aecurlties since
Tuesday is expected to extend to other de-
partments. The rise in the prices of Amer
ican securities on the exchange has been
general all along the line. NOlADle IN
stances are Chicago. Milwaukee & st. Paul,
| which is ga higher compared with the eve
| of the elections; Louisville Is ~ higher and
New York Central 5la higher. The stocks
| of reorganlzed American railroads are in as
good demend as the higher priced stocks.
The chief business has been done in Atchi-
son adjustments and Denver G. Rio Grande
| firsts consolidated.
BRITISH CAPITAL COMING.
1t is also said there is an immense amount
of British capital awaiting Investment in
| the United States. Some insurance COM
| vest 100000 or $500, 600 each Isl 100000 to
| 81 500 ,000) in American mortgages. The
| Times remarks on this point that while the
European investor will not buy American
securities blindly, he will buy the securities
Of sound companies which have been neg
leCtcd, owing, not to their own defects, but
to the general distrust of American affairs.
The Economist notices with surprise that
there has been no advance in the United
States loan government bonds).
In commercial quarters in London large
estimates are given of the value of Ameri-
can orders which have already been re-
ceived since the election. The dry goods
business has recently been of moderate pro-
portions, but the Manchester market now
expects large orders for American trade.
Large American orders were, until Novem-
ber A. subject to the condition that they
should be cancelled If Mckinley were de-
I ltdtbQ, Dut tney are now DellE nuTTleu lot
ward. The traffic canvassers for American
steamship lines, are already feeling the
change in this respect. During the recent
business depression, consignments were al
most as rare as the favored Dodo, but they
are now falling like mama in the desert
The probability OF a rise in the American
tariff does not come into consideration for
a moment in this department the certainty
of immediate improvement dwarflng all
more remote contingencies.
ALL TRADES REVIVE.
The cutlery trade entertalns similar hopes
of revival Of the American business which
has lately been much stagnated, but which
Is improving already. notably at Sheffield
where American adyices have given hope
| of an improved business fof another couple
of years especially in the lighter industries
The demand for the material used in the
cutlery and plating trades is also unusually
great
In the iron market the eject of the cleo
tion of MIR. Mckinley is already being felt
Reports received from birmingham are that
n strong tone and more disposition TO dc
business prevail in all departments there
Unmarked iron is from half crown go cents
TO shillings (Sl.20 higher than last week
pig iron has improved from Cd to a shilling
higher. The steel trade has not been affected
yet though there Is a good demand owing
to the excessive production. The wool indus,
try has experienced a decided impetus and
better spirits are manifest all around among
those engaged in that industry. An upward
movement in prices is reported at Bradford
where prices for all classes of woods hard
ened on the improved inquiry The card
spnners have already protected themselves
against dearer raw materially raising their
prices in some cases l penny per pound. The
makers of coatings and Innings for the Amer.
lean market are confidently preparing for q
big business.
In Nottingham great hopes are placed upon
a revival of the American inquiry for lace
The hosiery trade, which has lately been
inactive, now shows signs of improvement
The jute market, after a relapse on the eve
Of the election, is now much firmer.
McKinley's majority has re-established
confidence and there has been an active mar
ket at Dundee since Wednesday, prices, espe-
cially for fine jutes. rising quickly and show
ing a marked improvement
Tho South Wales iron market has already
shown a noticeable advance. Pig iron war
rants rose Cd on Wednesday on the signs
of renewed activity at the iron and steel
centers. The copper market has shown a
better tone since the election, and il is eX-
pected the result will make further inroads
on the already small stocks held in Europe.
| Many transactions recently entered into
were open to cancellation in the event OF
Mr.. Bryan's success. Prices are now ris-
ing, and the stocks in railway warehouses
at Birmingham which a few months ago
were 1900 tons, are now almost depleted,
while little American copper is being Of
fered, owing to the demand for home con-
~. 700