Arizona republican., 1900-10-26
No Doubt There Of tha Election
 Of Mckinley
Increased Buying and Better Display of Confidence In the Future a Sure Indication Of Belief In the Defeat of Bryan.

New York. Oct. (SpeciaD.- Wall street has at last broken loose from it's prOtracted impatience and for reasons that do not need much explanation. For some months past, the largely pre- ponGarant sentiment has been that stocks, especially those of the rail roads, have been intrinsically unusu- ally cheap. And yet there has scarcely been an influential operator who has cared to turn this general cheapnesS tO speculative account. No doubt. this shyness of bull speculators has been in a considerable measure due to an in- creasing conservatism in speculation; for it is generally conceded on the stock exchange that the leading opera tors have become more cautious about participating in campaign ventures than in former years
 But apart from this feeling uf eau tion, there have been factors which di- rectly counselIed postponement of spec ulative schemes; and throughout the summer and since the fall set in the prospect of the elections and the uncer- tain prospect of the money market have been construed as calling for an
  Sarded as wise policy to allow the mar ket to drift until those uncertainties have become matters of the past. Within the last week or two however, the probabilities on both these points have undergone a change which is widely construed as placing in the list of certainties.
 Whatever may be the balance of opinion in the country at large there can be no question that in Wall stree- circles the election of republican pres ident is regarded as being as sure as any unaccomplished event can be. By men so largely interested in the result of the election that they could not af- ford to deceive themselves. unusual eff forts have been made to ascertain the probable outcome of the public vote, and the conclusions drawn from their canvass are expressed in 9 duplication of buying orders. especially on the rail road list; and the demand evidently comes from men of resource and lead ing. without having yet per-eptibly touched the mu"c sauguipe n1tside Ilc- meut.
 ContompCraneousiy with this Uatur- ing If opinion on the issue of the elections. the uncertainties surrounding the near future of the money market have been virtually dissfpated. The outflow of currency to the interior has evidently touched high water mark and need no longer be regarded as a factor fostering hesitation about buy ing securities. Further. the rate at which gold is coming hither from other countries is sure evidence that New York is no longer likely to suffer any net loss ot money from the westward or southWard shipments. Indeed. the fact that We can get money from Europe in any amount to suit our con Ncuicnce. removes the money market from the list of possible obstacles to an upward movement in stocks and clears the way to 0ull campaign sooner than has been expected.
 The Chicago board of trade has been engaged all summer Waging war against the bucket shops. and has sum marily dealt with several of it's mem beTs for having had connections there with. The governors of the institution have also ordered all public quotations stopped, and are now organizing their telegraph service so as Io keep the quo tations within their control and from being obtained by bucket shop dealers. lt may become necessary for all other legitimate exchanges throughout tine country to take similar action before this dcmoralizinE business can be brok- cn up. There is mo doubt but that a great deal of the recent staguation in the commission business of Wall street and other leading financial ccntcrs is largely attributable to the immense az eregation of bucket shop transactions which have kept business out of the various exchanges. The New York stock exchange several years ago took ;t decided stand in this matter. and has been vigilant eyer since. but has not yet taken the extreme action that the Chicago board of trade has lately done.