The morning news. [volume] (Savannah, Ga.) 1887-1900, 1890-11-22
RTLLS ROUT THE BEARS,
LARGE GAINS IN ALL THE ACTIVE
STOCKS ON THE LIST.

r,,esr Reaneries and Jersey Central
zach Gain over Four Points North
ern Pacific Preferred Up 3 3-4-The
raeling on the Street More Cheerful
Than in Weeks.
Nr,T YORK, Nov. Y.-The stock market
.o-day was quite active again. and at the
same time decidedly stronger, even buoy
ami az times, and the improved temper to
-nocu1ation was continuous throughout to-
s,v the inward movement being subject
70 onlv slight interruption. The street was
certainly more cheerful to-day than it has
boan in many weeks, and the Improvement
7vss general, extending to all Glasses Of
socurities. both stocks and bonds. The
hulls who for the first time for months
scanned TO have complete control Of the
market. predicted rise of l0per cent before
o,v reaction of note will be shown, and a
foir proportion Of that amount was gained
today. There was increased buying of
both stocks and bonds. and the improved
condition of financial affairs in London, to-
pe,ber with the positive easy tone given to
tbe money market here. which was espe-
cially noticeable as to-day was Friday. ac-
counted largely for tbeprevalent disposition
to buy.
STOCKS SCARCE.
II was notable fact that as the market
advanced there was scant supply of secu-
rites and for the first time in months money
was relatively cheaper than stocks. The
news of tee day was favorable, and the
utteraucas of a noted broker who is sup
30, Go,,1l no
Of that gentleman upon the market caused
a general increase of confidence in
the situation, and from those utter
snces and the news from the west to-day
/ the next upward movement, which seems
to have already begun, will be based upon
an advance in rallroad rates. A report
from London that there is likelihood of an
increase in the circulation there based upoa
silver deposits attracted considerable at
eniion and had good effect.
BUoYANT OPENING.
A better feeling was apparent at the
opening, which was made at gains over last
nights figures of a to per cent, and for
draers we're buyers, while there
was marked disposition to
purchase for the short account by
domestic operators. There was only one
weak point in the market, and that was
Rock Island, which was savagely attacked
aud depressed from "a 4 to 6114, tho attack
being accompanied by reiteration of the
story about the passage IF the next divi-
dcnd. The pressure was removed shortly
before noon, however, and it later made a
sharp advance, leading the entire list. Civ
Ing the whole affair the look OF manipula-
ton, upon which to cover the
shorts in the general list. The
latter did not sympathize TO aay
aent in the drop in Rock Island, but as
soon as the pressure was removed from the
htter it began to advance Immediately.
The Gould stocks, Grangers and specialties
fail kinds sboN ed tine lead in the upward
Movement and there Was no real Interrupt
ton Of the advance until the close of husi
ness, Slight reactions were frequent, but
each advance carried the list farther in the
inward direction, and the final prices are
generally at, or close to the best OF the day.
Inc market closed active and strong.
THE FINAL CHANGES.
The final changes are invariably in the
direction Of higher figures, and the gains
sIeai large ii the active stocks. The most
Important are: Sugac Refinerles AK, New
Jersey Central Al, Northern Pacific pre-
lerred 33,, c., c., {. and St Louis 33SS
Al@ouri Pacific 81, Western Union and
Nnlcago Gas each pa, Louisville
% Sad Nashville 2ll, Lake Shore 25s, Union
pacinc %9s5, Lackawanna 236, Reading 2l4
burlington anu Quincy, and Rock Island
eacn s. southwestern and New England
sacn st : yer cent, and others sma'l amounts
Inc sales of listed stocks were 3O7, ,00(
S1at eS and of l1nl;eto1 Osr Opn .Lz..oo