The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1890-11-15
AN EASIER FEELING.
The Worst Of the Squeeze in the Money
Markets About Oyer.

New YORK, Nov 14.-The stock market
to-day was much less active than for 4 week
past, the general list being comparatively
dull, with small fluctuations and practically
devoid OF feature. There was, however, no
lack of animation in a half-dozen or more of
the leading stocks, and their fluctuations
were as large as usual, the prevailing ten
dency being downward. The cause for the
renewal of the uneasiness was fonnd this
morning in dispatch from abroad, which
reflected 4 less confident tone and indicated
that the squeeze for money on the other side
was by no means over.
Here money telegraphed from San Fran
cisco, aggregating S15,000,000, gave much
easier tone 10 the money market, and while
funds on call were run up to II per cent at
one time, loans were made as low as and a
final one at s.
The domestic news was of rather an en-
couraging character.
North American for the first time in many
days ceased TO be the most prominent stock
on the list, and for some time it was COM
paTativeiy neglected. while the transactions
in it reached an ordinary figure. Its early
advance was not held, and it slowly drifted
back TO the neighborhoOd of II.
The feature OF later dealings was the heavy
selling Of Northern Pacific, which from COZ
declined to 81.
A severe drive was made against Pacific
pressed 3H per cent, the decline being ac-
companied by certain vague rumors. but
about which nothing of definite character
was developed. The stock later seemed to
have good support and made substantial
rally.
In the afternoon the market continued to
settle down slowly and steadily and finally
closed active and weak at or near the lowest
prices of the day. Lackawanna is down Az,
Louisville and Nashville 2A, Union Pacific
"a, Sugar 25s, Northern Pacific (preferred)
2ss. Atchison 15s, ST. Paul 1B. Govern
ments are heavy. Petroleum is dull. De-
cember closed 72B.
John Clatiin, the dry-goods man, was in
tervewed regarding the money situation.
He said he thought the crisis was over.
Money is already coming in. especially from
the South, and there is no need for Govern
ment help. The Clearinghouse action is af-
fOrding all the necessary relief.
Andrew Carnegie said: Il am not inter-
ested in Wall street, and have not sold any
stock. l am manufacturer, and in the
manufacturing world everything is all
right"
The Mail and Express prints a report that
Willard has started from Denmark, but will
not be here before Thanksgiving.
The motion for the appointment Of re-
ceiver for the North River Bank has been
postponed until Monday, because efforts are
being made to resume business.
The Directors of the bank held meeting
this afternoon. Superintendent Preston said
that the board had considered ways and
means to rehabilitate the bank, and had re-
solved to make active efforts to that end. Ii
successful the bank ought to open on Mon
day or Tuesday. A committee from the
Clearinghouse has expressed confidence In
the solvency Of the institution.
THE LONDON MARKET.
LONDON. Nov. 14.-The street dealings at
the Stock Exchange were tile worst of the
week. The known fact that over 9l, 100000
in cunsols had been sold led to a reaction.
The rush to realize increased on bear rumOrs
that notable financial houses were involved.
An influx of 81, ,039 000 in gold into the Bank
Of England from Paris failed TO relieve the
strain. Several discount houses refused bills
at per cent or any terms, owing to the gen.
eral feeling OF uneaSiness. American rail-
roads declined to S1a.
Some of the wealthiest London bankers
met tonight at the Bank of England,
where they discussed the financial position
Of certain large firms.
vILLARD's STATEMENT.
BERLIN, Nov. 14.-Villard reached here
Monday from Frankfort. He characterized
the rumors of his insolvency as part and
parcel of the attack of the bears ON Willard
stocks. He refused further to discuss the
situation The Beichroeder Banker says:
sour confidence in Willard stocks is not
shaken by the events and failures in New
York Monday" Willard was received by
the Minister of Commerce, who sought from
him some information concerning the pres
en-; tariff and political situation in the
United States.