New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-09
STOCKS TUMBLE
AS WILSON GAINS
Sections Where Demo
cratic Success Was Ex-
pected Lead Buying

Security prices on the Stock Elk
change Yesterday rose and fell with the
changing fortunes of the two rival
Presidential candidates. In the morn
ing, when reports indicated that MI
Hughes might pull through with
small majority Of the electoral votes,
new high records were reached by such
important industrial issues as Steel
common. Central Leather, Republic
Iron and Steel, American Locomotive
Bethlehem Steel and Utah Copper.
Around i o'clock severe reaction
set in on the news that some of the
doubtful states previously claimed by
the Republicans would, after all, go
Democratic. Stocks that had enjoyed
the biggest advances became notably
weak. Steel reacted from 1875 to
121%. American Locomotive from 96 to
e2Ib. Central Leather from 10 to be
low 100. Republic Iron and Steel from
82A TO 78 and Utah Copper from 114h
to 111%.
Contrary to tho records Of tho Presi-
Dental elections Of tho last thirty
years, yesterdays closing prices, with
few exceptions, revealed net losses
compared with final quotations OF the
previous Monday. In only one post
election trading day, however, have
transactions exceeded those Of yester-
day. This was when Theodore Roose-
Welt was elected In 1904. On that
occasion 1928, 900 shares was the days
turnover. while that of yesterday was
about 100000 shares.
Former Post Election Markets
General characteristics Of the post
election stock markets between l9lZ
and 1896 we're:
1s12.-wilson elected. Increased &C
tivity and advances averaging two
points or more, the movement being LED
by Chicago, Milwaukee & St. PAUL
Turnover, 1,O12,233 shares.
1s0s.-Taft elected. Large increase
in volume of business, with advances
of from two TO four points. Turnover,
1926 shares.
lsO4.-Rooseyelt elected. Heavy
gains on transactions Of 2,528,SOo
shares, the largest since 1901.
Mckinley elected. New record
transactions of 100000 shares. Rail-
way stocks jumped from three TO six
points. Steel and local traction issues
were also prominent.
1sss.-McKinley elected. The mar
ket's response to the Sound money
victory were advances of from two to
seven points.
The attendance on the floor OF the
exchange at the opening yesterday was
the largest in many months and In
cluded many members who seldom ap-
pear there. The crowds in the rooms
OF the leading commission houses bore
strong evidence OF the widespread cleo
ton interest shown by spectators ana
investors. Firms with long distance
wire connections reported an overnight
accumulation of buying orders, chiefly
from the West and Northwest, which
were reported to have wagered large
sums on the success Of the Democratic
ticket.
Buying Of this character was equal
lied, however, by the heavy offerings
Of local traders. Sales Of stocks In the
first half hour were estimated at 100000
shares. while double that amount
changed hands in the first hour. Great
difficulty was had in getting the open
ing quotations. AS an example, 1t was
nearly fifteen minutes before the of
fetal opening in Steel was recorded on
the ticker tape.
The following table is Illuminating;
il records Mondays low prices, com
pared with yesterdays high and low for
a representative list:
nrnrrcrpTAT