New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-11-05
Southern Pacific preferred. 301i; Union Pacific III
Wabash preferred. 49,
ALL OTHER MARKETS BETTER.

All or the other markets were better, In sympathy
with stocks. English rails Nd to I'D. and
mining shares were hrmer. In the London wheat
market holders advanced prices Is. to Is 3D.. which
buyers were not prepared give. hoping for lower
prices For California wheat 36s. Cd. asked.
At p. m the following prices were quoted: Cana
dian Pacific. 81 Illinois Central 100: Louisville and
Nashville. 52'a; Kansas and Texas 1871: Ontario and
Western, l6; Erie. II; Norfolk and Western. 1sA
Northern Pacific preferred. 25: Southern Pacific.
lOls: Southern Pacific preferred 32 Wabash. 49,
At o'clock the market was still excited. with a
weaker tone Missouri Kansas and Texas
quoted at IA and Union Pacific at 1915. The other
changes in values were slight.
The Stock Exchange market closed quiet and
below the best prices touched by the opening
figures of the New-York market. the prices causing
some disappointment. Atchison. Topeka and Santa
Fe preferred closed at IN. Denver and Rio Grande
at lS. Denver and Rio Grande preferred at 4s2.
Ontario and Western at 1874. Norfolk and Western
at ls's and Union Pacific at li1. The other Amer
ican railroad stocks were unchanged
In the metal market this morning cash copper
was quoted at f4s ton. and three months copper
at f9 lis 3D.. about 5s. dearer for cash and l3s Cd
for three months Tin very firm.
The election Of Mckinley has given great i'm
petus to trade In the wool and clothing districts
OF Bradford and Yorkshire. American dealers
telegraphed large orders to-day. and the prices OF
raw and manufactured materials are advancing.
dispatch 10 the United Associated Presses from
Dundee says II Is reported there that the local
investment companies have been making large
purchases of American securities since the result
OF the Presidential election in America has be-
come known. The market for goods the dispatch
says. has not yet been affected
A BIG IMPETUS OF TRADE.
The Morgans and other American firms said this
forenoon that they had been receiving the returns
OF the election by cable throughout the night. and
had fully expected the election OF Mckinley.
There is already indication Of a big impetus OF
trade. 1t is known to be absolutely true that
merchants and shippers have been holding large
stocks for export Immediately after the result OF
the election should be announced
Walter Burns. of the American banking house
OF J. s. Morgan & Co. Is authority for the state
ment that enormous orders have been received for
the purchase OF stocks OF merchandise. many Of
which have been pending the election OF Mckinley
for execution. The large buying movement has
only been tempered with the fear OF renewed ex-
ports of gold to the United States. which would
tighten the money market here Therefore, some
caution has been observed
There a few free fights on the Stock Fx-
change to-day, growing out Of differences Of opln-
ion in regard TO the result OF the Presidential
election In America. but there was no indication
Of fear that there would be further exports OF
gold the United States. The setback OF to-day's
market due to profit taking There
enormous purchases OF Louisville and Nashville
and Chicago. Milwaukee and 81. Pau shares. and
a persistent demand for Atchison and Reading
American buyers absorbed the sales OF the bulls.