New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-11-13

THE DAY IN THE STOCK MARKET.
Wednesday. Nov. 12-p. q

Tbsre was today q more quiet feeling at the
Stock Exchange and while there were frequent
and wide fluctuations in prices, the tenoehcS
toward a recovery In values was marked ana I'M
nArativs, There were a couple more small 1aii-
ures announced. and late in the day it was stared
that the North River Bank had actually faied'
The bank is an old one with a capital OF $24o'-
200, and by last weeks statement had loans OF
81. 0ls 500, deposits Of $1.075,6oo and IN 0ash
S27o, 200. Whether or not the bank Is really ln-
solvent can be determined only by the report Oh
the Clearing House Committee. which this AFTER
noon began an examination Of it's affairs But
whatever may be the result. all Of to-days'caiam-
itous results are simply the driftwood washeo
ashore from yesterdays wrecks
The condition Of the North American Company
ia unknown. That, too, is in the hands Of an in
yestigatiug committee of it's auditors. OF course,
questions of the companys solvency, and whether
or not its stock has any equity in the securities
belonging to the company, depends upon the ratio
of its debts to the market value of its security.
At all events, it may now be safely assumed that
there will be no forced liquidation. and that the
values of the securities belonging to the North
American Company have been already depressed to
figures which invite general as well as a speclai
buying.
terially higher than last evenings closing prices.
da hs Rsnd SHARP lesco IS evident
that the manipuators OF values are not yet ready
for a BOOM" And it is probable that in IN, the
early stages of the advance to come they will be
ase conservative as they have been radical in the
last days of the decline Confidence grows slowly,
but its seeds already have sprouted and are heaa,
ing out above ground, thanks to yesterdays acuOn
of the Clearing House in meeting fire with brm-
stone.
Naturally, the centre Of interest, after yester-
days operations, was the Willard stocks Northern
pacific opened at Is l-2, against l-2 last even
ing the preferred at Sc, against % North Ameri-
can at Is l-2, against Is i,2, and Edison's Light
active, with frequent fluctuations, and closed at
20 So and 81 IA. North American was traded
in to the extent Of l46,500 shares up 10 ~ 5-s
back to Il Ia with final closing az ~ 49, ana
Vanderbilt Central and Eastern lines were CON-
parativey quiet yet Arm. New-York Central was ss
up to 1ooas9 l-2. Lake Shore up to JOB . i,sa
Sc $50 I.aass Yesterday. Mr.. Gould's Missouri Pacific
gives final gain OF 7-s at &c. and Western Union
at 70 IA, after TO- is up IA per cent St: pasi
IS per cent at 40 I-2. Union Pacific, with
moderate amount of business at AZ 5.s, records an
advance Of SO per cent. The published story
q M Gould having SotSIneS %thoat y
but Il is not improbable that at the next election
for directors of the Union Pacific there will 6e
Tadcn change tired in Of Sns at war with
the world. let alone the continuous internal dis
sensions in the company's executive stan. Deia.
ware. Iackawanna and Western opened up 3-4
at 1877, and after being pushed down to lS5 liz,
closed at 1877. T.. Ain
IN cell on the rallies: they have
made too mucn money lately on that side to take
70 realize that the decline has been forced by
manuaOns rcsans, in de.troyps confidence
Of stock Northern Pacific preferred stock is earn
ing more money that it was vas when J. was i, selling d;w
blends are practically assured. Yet to-day at
90 il had an advance Of per cent from yeste er
lowed and cruel schemes the people who had
faith in the stocks value have been led to the
does not affect the earning ca.
rednced the market value Of the stock 30 per cent
The marxct generally closed strong close up
70 the best figures OF the day.
WHAT WAS DONE IN BONDS.
There were no sales Of Government bonds at
the Stock Exchange. The quotations for the
ner cents were weak, as follows: