Evening capital journal. (Salem, Or.) 1888-1893, 1890-11-12
Pandcnoniun Rsigns IN Wall
Street.
ANOTHER SOLID FIRM has FAILED.
The Treasury Allows Deposlts
on the Pacific Coast to Ia
Telcgraphed In.
A GREAT RUSH IN WALL sTxEr.

opening Of business this mOrninl
on the Stock Exchange there was ,
yell and . rush. II was pandemo
mum. Disorder reignsd supreme
The galleries were crowded 70 theil
utmost capacity by . class which
only visit the street IN times al
great excitement. Richly Att.rsd
ladies' pushed forward for = sight q,
the struggling brOkeS. The marks,
opened stronger than might have
been expected. The trading ~ fAs
has been simply en0rn,"ua. espsci.
ally In VilliSrds aud 81 Paul.
FINANCIAL CONDITION OF WALL.
STREET.
NEW YORK, n. Y, Nov. H.
Wsli Street, 1905 y. N. The stock
market opel cd and was excited. but
little higher for general list. Inter
est se-nH ceniered In Willard and Oh
the tremendous falls 10 North, rn
Pacific and North American dir
tricts.
LONDON FINANCE.
I.0NDoK, Eng, Nov. l2---At l.S0
y. III. the market In still weaker, e.
pecIsIly for American securities. II
IL rumored that = financial house u
IN trouble.
TRYING TO RELIEVE NE SITUATION
WITH CLEARING HOUsH cnxTI.
FICATEs.
ll:25 y. nj. Viilxrds continue
strong now Mt the highest figures
Of the morning. An Associated
Press re,srter interviewed Presidenl
F. ID. Tappen, Of the Gailatin M
tional bank aud menbers Of the
clearing house committee. He
said: "Our cUnimitte 10 now In ses-
sion. signing certificates, but the In
dicatiOns are that the issue will b.
very small. Probably not more
tn III IS, ,O0O, ,0oO against twent, seven
million In 1884. We are entirely
satisfied the situation will improve"
THERE IL A kUNoR
on the streets Of New York at 1880 |
n. NJ. Of the formation Of German |
syndicate to protect Willard stocks.
nv, pru rx,r - nv m ruRnJ |
At meeting Of the North Amer.
lean Railroad &, mrany held this
forenoon y statement vas ~, horixed
that the company has but few cred.
itOry Mud these are strOng financial
ly. aud have agreed 10 We the com.
pany through, and that the assets VI
the company are wholly intact.
ANOTHER SOLID HOUSE FAILs.
At 1890 p. III. J. Z. WalcOtt 4 Co.
have just announced suspension.
This house was generally considered
solid. 1t IL mot believed that the fail
ure will have any effect on the mas. +
ket.
BUYING NORTH PACIFIC.
A powerful pOol hss bern buying
Northern Pacific preferred, snd ~
far that stuck has advanced seven
per cent. The rest Of tue list rHugss
2 To 4 above last nights cl0ss.
WHAT TINE TREASURY 10 DOING /
The secretary Of the treasury tsAs
authorized the assistant Treasurer u
San Francisco to receive on deAsis
funds from bankers, desiring ~
transfer the sAmc by telegraph IL
the assistant treasurer ut New
iork. The department also acc"rds
the privilege to others. where there
are sub-tressuries, should !: sct -
means xfYordiny relief 1t the pres
cut time.
AT2P. n.
The market 10 now 1t its best and
the vessssl Int u at the highest hg.
urea VI the day.
THE LATEsT.
WALL STREET, 8 . N.-Aoney
has beeu stringent, aanyinS from
three to Ave per csut With > ~,
loan ut six. Slocks IN the iaat hour
were marked by Increased anisane
tlon with the usual sharp aAetnar
ti"us and general rising tendency.
The market closed active and strong
~ about the l'est prices Of the day.
DEtIINEs on THE LONDON Elk
CHANCE. II
LONDON, Eng., Nov. l2.-At the
cl,se prices showed further declines
In American securities, with the
exception II Illinois Central. Pricss
NJ the close were steady.
BANK CLOSES.
Notwithstanding the snasanes-
msnt early In the day that The
North River Bank would tide over
Its losses of yesterday and make the
satisfactory arrangements with the
Clearing hOuse, that institution has
closed Its doors.
STATE.