Evening star. [volume] (Washington, D.C.) 1854-1972, 1880-11-19
THE WALL STREET ROOM.
Whine Heat Excitement TO.d

NEW YORK. Nov I9.-The Post'S financial ar.
ticle says: The stock exchange 10 day is at
Nhise neat excitement and the stock market
never doomed" more vigorously than during
the first two hours OF business. considering the
important rise OF the last few days. The idea
that loan facilities OF the market may be over
taxed by the advance In prices is secuted and
reports are circulated that The Treasury has put
money in the national bank repositories. Ii Is
perhaps proper to say that these reports cannot
be verified II is known that large amount OF
gold Will arrive here within the next 10 DAYS
Although the actual receipts this week have
been small. During the last three weeks or
until the beginning OF his week, the general
apprehension respecting money had rather
depressing effect on prices. It is now believed
that some or the large spectators provided
VII, WIN tlme loans, were, however, steady buyers
Oy actual holders. as well as the numerous
snort contracts OF the great throng OF small
SPECTATORS; and that they tthe large specula-
toiSl have now turned prices upward; the mo-
ment the turn came the short Interest" began
covering, and the buying on this account
within the last two days has been
Where week ago the stock exchange as a
whole was bearsh," il is now "bulliSh.- and
IL is unlikely that the large operators no v have
as many stocks as then. However the IN arket
is still very strong. The stocks which have led
the market to-day are w. L. Telegraph. which
has advanced to 1902, Burlington and Qunncy
to les, Northern Pacific TO So, and 81, !. can
ada Southern to 7O19. New York Central TO 144I,.
Jersey Central to 81 Is, L mon Pacific TO 9S, &C.
dar Rapids to 6SK, Illinois Central TO l20l5' Pa
cif1c Mail to 4sk, d. L. and w. TO 1O97s. Del.
and Hudson to S9a4i, Nil. and st. Paul to 1C6,.
Northwest 10 116, Lake Shore to lis and Michi-
gan Central to Ill. The highest prices for
Louisville and Nashville jSS) and Chlttanooga
N51) were made In the first half-hour The re-
mainder of the list has advanced a al per cent,
onltid States bonds are unchanged being firm
at tie highest prices yet maGe 20 wit: Currency
6s at 100 to 40; the AZ S At 1l2s. az AMI the
as at rs and 1i2. Railroad poldS are s. rong at
an advance or j a21E Per cent: tAe LATTER North
west tgfstered gold bonds ETC second consOlS
have advanced on purchases Of S190O00 TO 100 4,
Tie highest price ever reached The other active.
issues lave been c. {. and l. c.. Kansas and
TeXaS and Chesapeake ana ohio issues. In the
money market 4a5 per cent Is the quotation for
call leans at the Stock Exchange. At bank q
per cent is the ruling rate and per cent the
exceptional one. Time loans are 4 and per
cent, according TO collateral ana length or loan
Prime mercantile paper is A. jdG per cent The
banks are shipping to the south and west
large amounts OF money, and the payments
into the Treasury continue about as
usual. The purchases Of 6's OF 1850
to day amounts up to O'Clock to 8. 900 at 1929.
Thus far 1t is only fair 10 say that no borrower
having good collateral has had difficulty In Dor
rowing any amount that he wanted at or below
6 Per cent. AS foreshadowed yesterday the
market for foreign exchange is higher.