The morning call., 1890-11-13
MOVEMENTS IN STOCKS.
Heavy Trading in Securities in the New
York Stock Exchange

Heavy Trading in Securities in the New
York Stock Exchange.
NEW YORK, Nov. 12.-When the gong
sounded for the opening Of business this
morning on the Stock Exchange there was
yell md a rush. and pandemOnium Iegned
TIE galleries were crowded to the utmost
capacity by the class which only visits Wall
street in times of great excitement. Richly
atIired ladies pushed forward for a sight of
the struggling brokers, and the most casual
observer W, uld lave seen t!iere was time
of unwented excitement The market
ouened stronger than might have been eX-
pected, and there was evidently hope
ful view of the situation. despite the fact
that early London adyiceS were not very ia
vorable. Interest seemed to be centered III
the NillardS, and on tremendous sales
Northern Pacific and North American ad-
Vanced TWO points over last nights closing.
The general list showed gains over last night
Of one to three points. The market con-
,inued active and excited, but the upward
tendency remained. The trading in the
morning was simply enormous, especially In
shares were sold under the rule, completing
the sales begun yesterday. These We're all
i Wizards and st. Paul, and are believed 10
be for the account of Decker, Howell 81 Co.
Larry buying was very urgent, resulting IN
further gains Of u TO l. in which Western
Union, Burlington, Union Pacific and
sume specialtieS were conspicuous. The
Wizards, and especially Northern Pa
cifics, were conspicu0Gsly active and
str"ng. common rising ~, and pre-
ferred 2 touching 20A aud 50 respect
lively. The general list, however, soon
yielded to pressure and influence and
further sales under the rule OF Northern
Pacific, North American, ST. Paul and few
others for account of Decker, Howell IL Co.
The downward movement became more pro-
nInUpeU Inward the hOuT- and HUTiIUp-
ton dropped 3, Northwest u, while Wizards
lost all advantage ana North American re-
tired l. The fluctuations among specialties
and low-priced stocks were extremely wide
and irreg gular, while the entire market was
fevprsh in the extreme throughout. Later,
the Wizards again showed strength and the
list followed. The market at IL o'clock WAS
very active and firm 10 strong, but generally
at something under first prices, though bet
ter than those of last night
The market developed new strength after
II o'clock, and while money was loaning at
H and interest, prices rose materially. The
extreme feverishnesS Of the first hour still
continued, but a better tone was noticed all
over the list. Another advance sent North
American to 205s, Northern Pacific to q and
preferred TO 81, although these prices were
not held long. Among the usually active
stocks there was less animation, but the inl-
prOyement exceeded l per cent in many
cases, ST. Paul, Atchisnn. Burlington and
most conspicuous. The trusts were COM
parativey quiet. At noon the market was
active and strong and generally at the best
prices Of the morning. The decision of the
New York clearinghouse TO issue ceTtif-
Gates to be used n the settlemento of balances
alayed apprenensons of bank panic, and
in that respect had q beneficial effect in
helping the recovery.
At O'Clock the market, under the influence
of sales under the rule, somewhat declined
from, ha hos / ueE tt,n-
London the market was quiet aud compara-
lively ste.dy. All day stocks for account of
Decker, Howell IL Co. and G. Nj. Whitney
were sold under the rule, but little attention
was paid 10 the sales except by creditors of
the firm. The fact that no more trouble as
developed among the banks caused Steady
return Of confidence, and at 80 o'clock
prices mOVrd steadily upward powerful
pool had been buying Northern Parifc
preferred, and that stock advanced Z per
cent. The lest of the list ranged to
above last nights close.
AT 9 o'clock the market was at its best,
and the general list was at the highest of
the day. The advance Of last nights prices
ranged from to 6, the latter Northern Pa
cifc preferred. The total sales to 2 o'clock
amounted to over 100000 shares, of which
23Q,Q9o were Willard specalties. Money
ruled Is per diem and interest. The lowest
quotation OF the day was 80 per cent.
money has been stringent ranging from 3
10 ol ter cent, but in the afternoon became
more plentiful, with the last loan at g.
Stocks IN the last hour were marked by in
creased animation with the usual sharp
fluctuations and general rising tendency,
although only IN sugar, which rose to 90
were there any material adv noes. Later,
hoe ever, the Changers b came prominent.
Rock Island touched 70 and st. Paul 4J5s.
The market closed active and strong at about
the b st Ilces OF tile day.
Northern Pacific Is up per cent common
2A, Wheeling and Lake Erie preferred 4.