New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-11-05
WAITING ON AMERICA.
To-MoRRows ELECTIONS OF ENORMOUS
INTEREST TO THE OLD WORLD.
ALI. BUSINESS INTERESTS AFFECTED BY
THE PRESIDENTIAL oUTcoME-THE
NEWS IN LONDON

THE PRESIDENTIAL OUTCoME-THE
NEWS IN LONDON.
Copyright: 1900: BY The New-York Tribunal
lBY CABLE TO THE TRIBUNE.l
London, Nov. g. g. m.-The American cleo
ton is the chief topic OF the day. The dis
patches from New-York and Washington have
been copious. but have dealt with electioneering
episodes and vagaries rather than essential
issues OF the contest, and the public here has
been bewildered and dazed by stories OF extraor-
binary parades mileage records. the two chief
stGmpers. balloons IN air, female spellbinders
,nilkwhite steeds and other evidences Of Yankee
inventivenehs. Sober minded Englishrnen accus-
toned to carrying elections in the same way
decade after decade have read these accounts
with wonder and said, What Will these Ameri-
cans DO nextT' The business world follows the
trend Of American politics closely. because its
own trade hangs in the balance Of votes to be
cast tomorrow.
The chances OF American politics enter into
business calculations Of all kinds in the United
Kingdom. Not only does America supply Eng
land and Europe with nearly all the great
staples Of consumption. but even the whole in
dustrial life Of the Old World is affected by the
conditions OF prosperity or depression in the
United States The real trade barometer Of the
world is Of American make. Financial writer's
here are most cautious in predicting the result
OF the American election. They have no pref
erence for candidates. but unite in the opinion
that the general result will affect the whole in
dustrial future of Europe, and that the business
world after protracted period OF suspense will
be relieved when the uncertainty is over. The
stock and mining markets here have been ex-
ceptionally dull during the last month. more &C
tiv1ty prevailing in Yankees" than in any other
line Of securities. Many prominent bankers and
brokers have made special arrangements for
having expert judgments Of the results cabled
TO them from New-York Tuesday night. SO
that they VIII have private information for
shaping their orders when the Stock Exchange
opens on Wednesday morning.
The Presidential election is the subject OF lead
ing articles in two three Of to-day's newspa-
pers. All the world is waiting with attention
TIL It hears who is to direct American policy for
the next four years, but, as THE Standard"
points out, no country is so closely concerned IN
the matter England Apart from other issues
the newspapers here agree IN wishing Mckinley
success for the reason that the bonds Of friend
ship between England and America have been
strengthened during his term Of Office.
Several other changes in the Cabinet are in
dicated this morning by The Tines" and they
for the most part in accordance with gen
as Chief Secretary for Ireland will be given to
Mr.. Wyndharn, does not enjoy the best OF health
and his desire to leave Ireland has been known
for many months past The promotion OF Mr..
Hamburg 70 be Postmazter-General will give
unauoyed satisfaction on both sides Of the House
OF Commons.
Financiers here expecting busy winter
The continuance Of heavy expenditures in
South Africa will involve the Government Dor
rowing large scale. 1t is also expected
that the inder1nities for Loyalist claims in Cape
Colony and Natal will need financing in some
way by colonial loans with guarantees from the
home Government. The mining compe MES will
also be forced to borrow many millions before
their properties be put in proper state Of
development. There is also the certainty that
the China indemnity never be paid without
International credit and assistance China o
debt already exceeds $500, 600. 900. and the in
terest and sinking fund require SIS, 900 900
annually. It is not believed by financiers that
the indemnity for the massacres and attacks on
the legations will be less than 5000, 900 900, so
that at least S30000,O 900 will be required in the
future for interest and sinking fund service
International control of the Chinese revenues
and taxes Will be Indispensable If these indem-
mites are ever paid. l. n. F.