The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1890-11-14
The Excitement on the Stock
Exchange Subsiding.
TROUBLE IN LONDON ENDED.
Gold Being Hurried Thither From
Paris and Rio Janeiro.
NO More Failures Reported-Reports
That Wizards North American Com
pany II shaky-The North River
Bank Unable to Resume.

New YoRK. Nov. 13.-The stock market
today, while still very active, showed less
excitement in early trading and afterward
subsidized into the ordinary appearance.
with only usual fluctuations The general
feeling in the street has undergone
marked change for the better, and in the
opinion OF most habitues OF the street the
object of the influential combination of
capitalists which has forced the recent de-
cline has been accomplished, and with the
effecting OF reforms in the railroad busi-
ness now there will come a general i'm
provement in values. The late reaction
from the low prices of two days ago is re-
garded as principally the effect of govern
ing shorts, together with some buying by
those who had thrown their holdings over
on the scare.
There were no furth er failures or bank
suspensions to disturb the even course of
events, but the bears demonstrated the fact
that they nave not as yet gone into their
holes, and are still very much alive. The
natural tendency of prices to advance after
the late severe drop was checked, and while
fluctuations were on a comparatively
small scale, they we're in some cases very
material, though final changes are in most
The market opened excited and weak.
North American was 2% points lower. at
l6, and on enormous sales declined to s,
rallied to 13. and again reacted to II. The
general list showed on the opening q de-
cline of " to ~ per cent.
At IL o'clock a confident feeling was re-
stored. ard activity increased towards the
end OF the hour, while prices advanced
ox~s<t
the lowest prices of early dealings, extend
ing to IN for Atchison, Northern Pacific
preferred and Rock Island being promi-
nent in the upward movement, which car
ried most OF the list beyond the prices of
last evening. The market at II o'clock was
active and strong, at the highest figures of
the hour.
At noon money was tight at IL per cent
The downward movement made progress
in Wizards later in the hour, and North
American rallied to 8. but the general test
was fairly well held at noon. prices ruling
active and steady, at small fractions better
than the opening.
Stocks after 1880 were firm and the best
prices of the forenoon We're again reached.
A decided weakness was developed toward
2 O'Clock, however. Sugar refneries be-
Coiuc tu0 icaueT Oh tuo UeCllne, 0rOpDlnR
from So to SAX. Northern Pacific preferred
lost 1H at 60H, and Atchison X. at 30k.
After some hesitation the decline was re-
sumed. Union Pacific scored loss of tx.
The downward movement then acquired
additional force, and everything went off.
the market becoming again demoralized and
before the delivery hour all the forenoon's
advances we're completely wiped out, with
fractions IN addition. Northern Pacific
preferred was subjected to special pressure
and retired to 571<. At 2.15 the market
was active and weak at the lowest prices of
the day.
Stocks were still disturbed after 2:15, but
soon recovered, and prices again moved
up. though the movement lacked vim.
Northern Pacific preferred rose from 571<
10 GO. The market at this recovery became
again quiet, and closed active and fairly
steady at slight changes from the opening.
The list is again lower. Sugar is down 3L,
Northern Pacific preferred 2X, Pacific
Mail 31S, Louisville & Nashville 1X and
North American ~. with only fractional
changes in the rest OF the active stocks.
Governments steady.