Los Angeles herald., 1890-11-14
The Wall Street Bears Still
Very Much Alive.
Stocks Still Active But the Mar
ket Toned Down.
Confidence Fully Restored and Nor
NAL Prices Recovered.
Everything in the London Market Again
on Firm Basis-No Further
Failures.
Associated Press Dispatches.

Associated Press DlSpatcnes
New York, Nov. 13. = The stock
market today, while still very active,
showed less excitement in the early
trading, and afterward subsidized into its
ordinary appearance, with only the
usual fluctuations. The general feeling
in the street has undergone marked
change for the better, and the opinion
of most of the habitues of the street is
that the object of the influential combi-
nation of capitalists, which have forced
the recent decline, has been accom-
plished, and with the affecting of re-
forms in the railroad business now pro-
posed, there will come general inn
provement in values. The late reaction
from the low prices of two days ago, is
regarded as principally the effect of the
covering of shorts, together with some
buying by those who had thrown their
holdings over on the scare. There were
no further failures or bank suspensions
to disturb the even course of events, but
the bears demonstrated the fact that
they have not as yet gone into their
holes, and are still very much alive.
The natural tendency of prices to ad-
vance after the late severe drop, was
checked, and while fluctuations were on
a comparatively small scale, they were
in some cases very material, though the
final changes are in most cases for frac-
tional amounts only.
WALL STREET, Nov. IS, 10 :05 a. H.
The stock market opened excited and
weak, North American 234 points lower
at 16, and on enormous sales declined to
rallied to 13, eand again reacted to IL.
The general list showed on opening
decline of = to 21a.
10 80 a. m.-The market became COM
paratively quiet, and the general list
after fractional decline from opening,
recovered. The lowest point touched by
North American was Z, but is now III p.
The tone of the market is firm to strong.
A steady advance is in progress.
IL a. m.-Confident feeling has been
restored. Activity increased toward the
end OF the hour, while prices advanced
more rapidly. Gains over the lowest
prices OF the early dealings are extending
to 2h5, Atchison, Northern Pacific pre-
ferred and Rock Island being the most
prominent in the upward movement,
which carried most OF the list beyond
the prices OF last evening. The market
at IL a. m. is active and strong at the
highest figures OF the hour.
At noon money was tight at II per
cent. A downward movement made
progress in Wizards later in the hour,
and North American retired to 8, but the
general list was fairly we'll held At
noon the market was active, and steady
at small fractions better than at the
opening
2:l5 p. m.-Stocks after IL were quiet
and firm. The best prices of the fore.
noon we're again reached. A decided
weakness developed toward 2, however.
Sugar refneries became the leaders of
the decline, dropping from 5S to 5434.
Northern Pacific preferred lost q at
COZ, Atchison Is, at 301s. After some
hesitation the decline was resumed.
Union Pacific scored loss of IA. The
downward movement then acquired ad-
ditional force. Everything went off, the
market becoming again demoralized,
and before the delivery hour, all the
forenoon advances were completely
wiped out, with fractions in addition.
Northern Pacific preferred, subjected to
special pressure, returned to 57b.
At 2:l5 the market was active and
weak at the lowest prices of the day.
3p. m.-Money has been close, rang
ing from 2 to II per cent; the last loan
was at 4.
Bar silver, $1.02A.
Stocks were still disturbed after 2 15,
but soon recovered. Prices again moved
up, though the movement lacked vim.
Northern Pacific preferred rose from
571a to 90. The market at recovery be-
came again quiet and closed active, and
fairly steady, at slight changes from
opening.
The list is again lower, and sugar is
down 31s Northern Pacific preferred,
21s; Pacific Mail, 13s; Louisville and
Nashville, Ia, and North American, ~,
with only fractional changes in the rest
OF the active stock
Governments, steady.
Petroleum closed weak; spot closing
at 70, December at 1874.