, 1890-11-13
STRONG AND HIGHER.
A Better Feeling on the New
York Stock Exchange.
Enormous Trading in Wizards
and st. Paul.
Large Quantities of Bullion
Shipped to London.
rhe FlnancIaI sltuatIon.

WALL STREET. Nov. I2.-When the
gong sounded for the opening of business
this morning on the Stock Exchange
there was a yell and a rush and pande-
monium reigned. The galleries we're
crowded to their utmost capacity by the
class which only visits the street in times
of great excitement. RichlY attired ladies
pushed forward for a sight of the strug-
Cling brokers and the most casual observer
would have seen that 1t was a time of un-
wonted excitement. The market opened
stronger than might have been expected
and there was evidently a hopeful view of
the situation despite the fact thai London
advices we're not verv favorable. Trad
ing was simply enormous, especially in
Wizards and ST. Paul. Several thousand
shares we're sold under the rule, complet-
ing the sales begun yesterday. These
were all in the Wizards and st. Paul. and
were believed TO be for the account of
Brokers Howell 4 Co. The general mar
ket declined slightly from the opening,
with 2 per cent in Burlington Wizards,
however, were strong. 1t looks now as
if the conditions were favorable for a de-
cided Improvement.
The clearing house subcommittee ap-
pointed to issue certificates 10 aid banks
met and issued certificates to such as re-
quired them. However. there will be no
public announcement as to what banks
are in trouble. In view of the fact that
London is regarded as the main factor of
the situation, il may be important TO
know that bullion is being shipped from
many financial centers to that point.
Half n million bars go forward today on
the steamship Saale. Gable advices state
that Russia sent two million francs in gold
and will send two millions additional.
The stock market was stronger after IL
O'Clock and while money loaned at and
interest, prices rose materially. The ex-
IRENE feverishness of the first hour con-
tinued. but a better tone was noticed all
over the list. Another advance in the
latter portion of the hour sent North
American to 20s and Northern Pacific to
81. Among the usually active stocks
there was less animation, but the i'm
provenent exceeded | per cent in many
cases. st. Paul. Atchison, Burlington
and some of the inactive specialties being
most conspicuous. Trusts were compare
lively quiet. At noon the market was
strong and active, generally at the best
prices Of the morning.
The decision Of the New York clearing
house to issue certificates to be used in
settlement of balances allayed apprehen-
sions of a bank panic. and in th,t respect
had a beneficial effect in helping the re-
covery.
Receivers White and Slocum of the
sugar TRUST have taken possession of all
properties aud affairs OF the trust and
have established their headquarters at
III Wall street.
The meeting of the North American
Railroad company is over and the state
ment is authorized that the company has
but few creditors. These are strong
financially aud have agreed tosee the com
pany through. The assets OF tho COM
pany are wholly intact.
WASHINGTON, Nov. I2-The secretary
of the treasury has authorized the assist
ant treasurer at San francisco to receive
deposits Of funds from bankers desiring
to transfer the same by telegraph to the
assistant treasurer at New York. This is
done to enable persons in New York hsy-
ing funds iu San Francisco not needed
there to transfer them for immediate use
in New York. The department has also
accorded the privilege to other points
where there are sub-treasuries. should it
act as a means of affording relief at the
present time.
One of the most important instruments
used for effecting a rally in stock values
was the story that Jay Gould had ac-
quired control of the Union Pacific Rail
way, based on rumors printed in a morn
ing paper. A Tribune reporter saw Mr..
Gould this afternoon. and he denied the
truth Of the published story.
"Have you or your associates made
purchases which give you control of the
Union Pacifc?P was asked.
Il have nothing to say about nv pri-
vate business transactions" Gould re-
piled. "All that l ever said to anybody
was that what stocks 1 purchased 1 paid
for"
"Will you exert any influence upon the
Union Pacific management, or in any way,
directly or indirectly, effect a change at
the next election?"
Mr.. Gould smiled and hesitated before