WALL STREET AFTER THE PRESIDENTIAL ELECTION.

Wairarapa Age, Volume XXXI, Issue 3054, 26 November 1908, Page 4

WALL STREET AFTER THE PRESIDENTIAL ELECTION.

I A recent cable message, stating that no less than £400,000,000 has been added to the market value of American stocks since the election of Mr Taffc shews the extent to which the Wall Street boomsters were interested in that event. It wss inevitable, however, that stocks would improve more or less independently of the political issue. In the first place, it is always safe to predict a reaction after such a severe slump as that which took place at the beginning of the year, and, secondly,Jthis season's American harvest is a record one. That means enormously increased railway traffic, with a corresponding rise in the stocks of the railway companies. Then Congress has recently voted a large sum for the renovation of public buildings throughout the State, which will temporarily, at any rate, give substantial relief to the labour market and stimulate trade generally. Where politics are so intimately connected with stock gambling on the gigantic scale practised in America the effect must be most pernicious for both the political and commercial the country.