Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1890-11-18
A BETTER FEELING.
WALL STREET CONFIDENT THAT THE
WORST is OVER.
The rruth in Regard to the Barlngs a Re-
ilof-stcRdy Improvement Now
Looked For.
rt.leernph % The nlsnn,oh.l


Nrw YoRE, November 1.-THE stock
market to-day, after having time to re-
cover from the ecare on Saturday. was
l.s active than any day for the past two
weeks. and the return Of confidence
caused n slow but material advance all
along the line, notwithstanding the fact
aal thrro was great irregulsrity and
foyor.shncss throughout.
TWO FAILURES.
Two moro failures we're announced,
10Th due TO The slrinkage in values, but
th0y had but slight effect. the failure OF
Cueory s. Eallou serving to keep Mis-
nrr and Pacific down behind tho rest
of 'he st, az It was understood that the
trm Wos heavily long Of that stock.
Sales uudCr the rule nt one time were
about oil the business done, but they
aI cleared away before noon. and later,
racu it became evident that no moro
failures were 70 be announced, the buy
ug assumed q more confident front and
tlc upward movement was accelerated
TIE MAHBTT ovERsoLD.
To-day developments show conclu-
lively that the market has for long
Umc been largely oversold, and that
bids aud ostcnsitle purchases were made
1r the bears when the number Of stocks
r..Dd for could not bo obtained IN the
ulIkct The general opinion seems to
Ie that it is now only o question with in
pl7'0rs oi getting stocks at present
uf..cs a8 the feeling Of insecurity has
almost ubsded, and that steady I'M
trovemmt may now be looked for on q
nuEd bass.
VoCLD-rR BUYERS Treasured.
There was renewal Of old umors
rs morning Of a combination among
.eli.ug capitalists to support Their re-
...rfvo spociulties, and the action Of the
stou clearing house IN following the
.trrlDlcof the New lori, banks in issuing
-IYrng house lOan-cortiiicates was Of
much influence IN reassuring many
voull-be buyers, There Is general con-
f.rnco that the worst has come out in
publication Of the truth in regard to
t.e Bariugs. and that the prompt action
l. the Bank Of England viii prevent any
occurrence If "a slump in vnluos in future
Gr.ush forced liquidation.
ATS IUREGULAB OPENING.
The market was very irregular at the
o.euing through lower prices from Lon
don and the effect If the improvement
~ tho feeling here aud while .ost
stocks vero imctioually changed bur
ington and IackaWanua were each e..
ver. and Northern Pacific preferred
a1d Rock Island were each up per
cent The market WAS rule firm from
fl sales. but there was q further drop
m Burlington. iacEawauua, and sugar,
Rmrh however was soon checked, and
tla.. shares ns rule moved for tho
remainder of the day with the rest OF the
Ust
bo ENrrrIENT OR APPREHENSION.
Much ireCulantv in movements
was noticed. but thero was "a marked alb
cncc Of excitement or apprehension,
md Whilc tlc uncertainties of the stu
auou tor the present kept room-taders
0uiet and the commission-hou were
u.t specially activc, dimlnution OF tho
amount of business vas the only unia-
Sorablc symptom, If such II may be
called. and the demand from foreigners
and shorts kept tho prices moving slowly
aud steadily IN an upward direction.
The greatest interest was conferred IN
nckawanna. and after its early drop
.fpIo wus % Ilsc Of e per cent. IN 1t, the
rrica touching 1870 in the afternoon
northern PaciHcs were still very prOmi-
r.ut and showed smaller fluctuations
taau tbe other active stocks, but pre-
ued touched GOc.
uE CLOSE ACTIVE AND STRONG.
There we're d few weak spots, and Jer-
g. Central went below par, and Wheel
nr and Lake Erie stocks sold lover
nut th.y hsl uoapparent influence upon
It.u-t of the market, and the close was
..r ..lve and strong at OF about the
0' r..,s If the day. The final gains
ar percent. each in Big -Four and
I.o. nd. each IN Union Pacific,
-.|u md Louisville ! in Atchison
I.a.i 10 Northern Pacific preferred,
N.th American; u in Missouri
.c. and / prr cent. in Pacific Mail
r fractional gains in the rest Of the
.-L sa.os Of listed stock, $4,000
lr.s;ol unlisted, 5000; Northern
l4ct.c preferred furnishing $500, and
'sciawauna 5000.
MONEY AND EXCHANGE.
ErpiaL-Fychange quiet and firm
40 IoHalo7. Money tight at GalS5 last
laau ut 3G. closing at 96. Sub-Treasury
balances Com, SlH H,9l&0OO; currency,
o,Un0u0. Governments dull and heavy ;
per cents. 1911 ; ATS, 1OL State bonds
entirely neglected.
STOCK QUOTATIONS..
Alabama-Class A, . 10 j........10t
B, 5's.......u....lO1
E.1,t.ta Tfs trnrffroro