The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1890-11-13
ON CHANGE.
Tho Day Opened With Pandemoninm
Reigning-Better Tone.

Tho Day Opened With Psndemoniuu
Reigning-Better Tone.
| NEW YoRK, Nov. 12.-When the pon
sounded for the opening Of business thi
morning on the stock exchange there was
yell and rush and pandemonium reigned
The galleries were crowded to their utmoe
capacity by clas3 which only visits th
street in times of great excitement. Richl
attired ladies pushed forward for sight o
the struggling brokers, and the most casua
observer would have seen that this was
time of unwonted excitement. The marke
opened stronger than might have been OF
pected, and there was evidently q hopefu
view Of the situation. despite the fact tina
early London advices very not very favora
able. Trading was simply enormous
especially in Wizards and st. Paul
Several thousand shares were solo
under the rule, completing the sale,
begun Yesterday. These were all in vii
lsrds and 81. Paul, and believed to be fol
the account Of Decker, Howell & Co. Th,
general market declined slightly from tha
opening, with . per cent. drop in Bur
lington. Wizards. however, are etrons
and it looks now a. il tho conditions vert
favorable to decided Improvement.
A clearing house sub-committee was an
pointed to issue certificates to aid t6s
banks to meet the issue OF certificates tS
such extent 40 they may require them
However, there will be no public announce.
mont as to what banks are in trouble. In
view Of the fact that London is regarded al
the main factor in the situation, it may bs
important to know that bullion is beine
shipped from tho financial center to thai
point. Half . million in silver bars goet
1OfW3t0 E0-0AV khA akn n
Gable adviceb state that Russia has oeni
2,OO.OO francs in gold and nm aend . nm "
OOO francs additional. -'~'S'
The stock market developed new stren0th
ssses ;as = y ocl9es and While vas
rose materially. The extreme feve,;ihrss.
Of the first hour still continued, but bette,
tone was noticed all over the list. Another
advance in the latter portion Of the honr
sent the North American to 20a&, Northern
Pacific to n and preferred to 81, althouoh
these prices were not held long. Among
the unusually active stocks there was less
animation but the improvement Tor he
hour exceeded one per cent. in many cases.
st. Paul. Atchison, Burlington and some al
the inactive specialties being the most con-
spicu0us trusts.
It is comparatively quiet at noon. The
market 10 active and strong. generally at
oision OF the New York clearing house to
issue certificates to be used in the settle-
ment Of balances allayed apprehension Of
bank failures and in that respect had bone-
fcial effect in helping the recovery. Money
tight ct one eighth Per cant. per day and
legal interest.
Tho feeling il that speculation will rule
feverish for few days until settlements
between tho banks and suspended firms
have been adjusted. but it 10 believed that
the element of danger has been withdraw
from the market. Good buying orders
have been coming into the street. during The
best part Of the day. At 2:30 p. m. 10 the
critical period Of ths day, delivery hour,
Il was passed without the announcement Of
any additional failures. The financial hor-
iSon II decidedly clearer. Money II down
% Per cent. per annum and plentiful.
closing.