Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1890-11-11
Following the Lead OF London; Ups
and Downs.

Following the Lead OF London; Ups
and Downs.
WALL STREET, New York, Nov.
IL, IL q. m.-The stocks opened
IL q 2 per cent higher. Fol-
lowing the lead Of London, they
became weak and large sales, de-
clining steadily for n short time.
then rallied, making material gains
ali along the line.
Charles NJ. Whitney, a prominent
member of the exchange has Just
suspended.
A LARGE ATTENDANCE or BROKERS
There was n larger attendance of
brokers on the floor Of the exchange
this morning than for weeks. Every
stock on the list had a crowd Of
brokers trying to trade in it. When
the market opened the scene was
one Of confusion and excitement.
The cables reporting an advance of
from 2 TO 3 per cent in London,
were received before the opening,
ana caused the brokers to take the
bull side, and a disposition TO buy
was shown all round. The largest
crowd was in st. Paul, which
at first was offered at IS, then sold
at at, % per cent above
yesterdays close. The heavy unex-
pected selling by London, however.
drove the price down to ISL. The
general list followed and for few
moments the weakness Of yesterday
was evinced, but heavy buying soon
began 10 come in and on active
business, the upward movement
was resumed. Sugar opened up p
on the appointment Of II. O. Have
meyer, s. V. White and General
Slocum as receivers, and moved I'd
to 81, then reacted TO IS, but soon
once more selling at 81. The North
American was a weak point in the
market, opening at 27i, in six min
utes declining TO 2lk, then slowly
advancing TO -.
THE UNION PACIFIC TIE STRONG
EST.
The Willard stocks seemed 10 bear
the 5runt of the attack. The North
ern Pacific preferred shovel n loss
of 3, and the Western Union Of 9.
The low prices brought in more
buying, however, and the force
that opened up the market began
again to show its influence and a
smart rally took place. The strong
est on the list was the Union Paci- |
fic, which failed TO go below the |
opening figure and with the rally |
10 IS against a at the open- |
ing. The rest Of the list was generally |
regarded as early losses, and in al |
most everything but Wizards, frac-
ional advances were scored.
The market at IL O'Clock is still |
very active but unsettled, at i'm
After the announce
ment Of the failure Of G. NJ. Whit
ney and Beck in North American,
he market rallied on the receipt Of
private cables announcing that
., 600, 900 In gold were on the way
o London from the continent and
hat money was easier In that CEN
re. Vanderbilt brokers were heavy
,uyers Of the Union Pacific.
WALL STREET AT NOON.
Money tight with no offers and 20
per cent bid.
The stock market after ii O'Clock
moved moderate volume Of busi-
less in comparison with the enorm-
nus sales Of the fist hour, and while
hrm tone prevailed, the highest
'Tlces were not generally main
aimed. Reading and Burling-
on were conspicuous for weak
less, Louisville and Nashville
md the North American displayed
most strength. The Union Pacific
Ieclined from IS to 46j. tut after
ward held steady at about ~. Some
ales under rule for the account of
Whitney & Co.
At 2:SO p. m. the stock market
Fas more quiet and the prices
teady. The account had been pretty
yell arranged. 1t reveals several
tocks In bear position.
The rates for the continuation of
pans were much lower. Only one
allure II thus far reported, that Of a
mall firm Of brokers.