National Republican., 1885-11-16
TIE MARK ETS.
Excitement in the Produce Exchange -
Stocks Extremely Active.

NEW IoRK, Nov. 1.-THE excitement in
the produce exchange In the wheat market
continued up to the close. The "shorts' were
badly frightened, and covered quite freely.
The advance for the day Is ~ to "a with n
heavy trading, over 100000 bushels chang
ing;handsI
The stock market has been extremely active
to-day, and during most of the timo foycrish
and irregular. The reported sales were greater
than on any preceding day this year, amount
ing TO- lsI,5OO shares, an increase over yester.
day OF l3O 900 shares. The actual number OF
shares bought and sold were probably not very
much short of 100000. When the market Is
so extremely active II IS practically impossible
for the reporters to obtain u record Of all the
transactions. The activity continued from the
opening of the board to tho close with the cx-
cepton OF a lull between and ? o clock, which
was, however, Of short duration. An idea Of
the business In the forenoon may be obtained
from the statement that the reported sales for
the first half hour were over 10000 sharos for
the first hour, 10000. and for the forenoon,
nearly 10000 shares The activity. however
was confined TO very few stocks, In whic II
81. Paul led with sales of 153,35l shares, but
Erie, Northern Pacific preferred, Lake Shore,
and Missouri Kansas and Texas furnished
sales ranging between 70.60) aud 5000 shares,
and with 81. Paul contributed nearly 100000
shares, or over half of the total business OF the
day,
There has been a great deal of talk on tho
street recently about heavy purchases In Lon
don of American securities and large ship
monts ifom this city to European account.
For some time past the opening prices In Lon
don were generally higher than the closing
quotations of the evening before on tho New
York stock exchange, and this, whether from
actual purchases or on account Of manipula-
tion from this side, was an important factor In
lending strength to the market here. The
weakness this morning was due In part to ro.
ports from London showing that prices were
heavy. and the further statements that owing
to the war cloud that Is beginning in Europe,
and for other causes, London speculators were
heavy sellers OF American securities to-day.
The result was an excited aud Irregular open.
ing, ranging between an advance OF "a TO =
and decline of II for the active list.
The highest prices, however, with few oXceD-
tions, were established at some time during the
forenoon. After midday the tendency of prices
was downward, but the movement continued
very Irregular. There was no decided break
until after 2 o'clock, when within n space of
fiitoen minutes nearly all the active shares
dealt in declined from u OH per cent, Erie,
prominent in this movement. In some cases
during the final half hour most of tho losses
made after 2 o'clock were reg0ined, but the
movement was extremely fevcrish, spasmodlC,
and irregular. In the final dealings some
stocks made sudden rallies the same timo that
other and more active securities were declin'
ing, and the market closed irregular, weak,
excited, and fevcrish, with declines ranging
between fractions and "a per cent
Money on call continues easy between . and
Q per cent, the last loan being made at per
cent. Foreign exchange continues quiet and
steady. Rates for London are unchanged.
Government bonds are dull aud steady. State
heavy.
Treasury bnlnnces-Coin, lGs,iiS,17l; cur.
rency, s95I0 6gi.
The Washington Stock Exchange.