New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-11-21
BETTER FEELING IN LONDON.
TIE STOCK MARKET BEGINS TO RALLY
FROM THE WORST.
A STEADY ADVANCE IN ALL sEcuRIT1Es-Mohh
CONFIDENCE SHOWN on THE EURO

. sTEApY ADVANCE IN ALL sECURITIES-MORE
CONFIDENCE SHOWN on THE EURO
PEAN EXCHANGES.
Ioudon Nov. 2O-The panic on the stock Ex-
change has subsidized. Throughout the day there was
a steady growth OF a feeling Of confidence. and ue
entire absence OF adverse rumors led to fair amount
of buying for both speculation and investment
Favorable bank OF England returns, combined WIN
better prices on the Continent and in New-ioh' us
sisted in giving strength to the quotations On 'he
street the dealings showed approach to bnoyah
American railroad securities were especially active
and 0rm This was partly due 10 large purchases
IN cover bear accounts. The recovery ranged from
IA TO 3 "a. The rise in silver caused an a"'
vance in rupee paper of q and IN Mexico iSnwass
OF . TO 8 Ia In foreign Government hecuri'io'
Argentines advanced . L. to 81 -2, Mexican Gov
ernment bonds IL to Ia. and Crugnays . L.
Discount houses in the early part of the day cohih
ued reluctant do business. taking only the very
best paper. Later the money market sho"eu "''
easier tendency. and there was beter iecins 81,
around good business was done In three months
bills Reassurng reports that the Joint STOCK DaIhs
will assist, moderate terms, operators Nquni"s
advances for next weeks settlement nave oeeh a"o"S
the leading factors in dispelling the Alarm
The bullion in the Bank Of England increased
ca 400 3e5 dnrng the last week. The proportion OF
the Bank of England's reserve to haDih'y' whch ''
week was 3.25 per cent, is now 3o.S2 per cent
The regular meeting Of the directors Of the Eank OF
England look place to-day. They made no change III
the banks rate Of discount Tie rate OF discount III
the open market is nomlnally per cent
Prices at the close Of the stock EXCHANGE yeser-
dav as compared with the prices at L. 30 p. M
show an advance Of BIC for consols Tor money al
advance Of 316 for consols for the account an
advance Of Is for Atlantic aud Great western his'
mortgage trustees certificates, change for quo
,scords an advance OF 10 for Canadian Pacific. an
advance OF IA for Erie no change for Erie second
co,so,s an advance of IL for Illinois Central,
decline of l-s for st. Paul common, an advance Oh
IA for New York Central an advance Oh
IA for Pennsylvania and decline of 10 Tor
Reading. ,.,
dispatch from Buenos Ayres received here stated
that President Pellegrni intended TO resign. 1his
was denied in later dispatch
Paris. Nov 2O-The weekly statement OF the BANK
Of France shows a decrease in gold Of sO,o51ooo
francs and an increase in silver OF 20I5oOo francs
The "siecle. rldlcules the idea OF treating the ad
vance made by the Bank Of France to the BANK vi
England financial dyl me director, t ., i
Bank Of France, It says used their unempoyed Duon
to good profit 10 Minimize crisis the reflex aetion OF
which would have been dangerous. .,o.
ON the Bourse to-day there was genera anN thce
in prices and the final quotations were the highest
for the day. Credit Foncier advanced ~ soc. ana
| Rio TIntOs 1of. Foreign government securities went
"PBcrlln. Tov o0-The feeling the Boerse today
was altogether cheerful. There was material
recovery In bank and foreign government socWi1ies
| and all speculative stocks. -,
n Is reported that the honse OF Barring Brothers
Co. Is about TO be RECONSTRUCTED as JONI STOCK com
pany Mr. T. Barring has offered TO return, bringing
| IL 100000 The Iiambros Will probably anaigamhtc
with the Barngs and fresh capital will be contributed
| by one of the Guinness family:
600 as guarantee for the payment OF the Argentine
| dividends Is unfonnded