Los Angeles herald., 1890-11-15
Stocks Again Have a Down
ward Tendency.
Decreased Activity Yesterday
in Wall Street.
Domestic News Encouraging but For
eign Reports Bad.
A General Feeling of Uneasiness in Lon
don Caused by Ominous
Bear Rumors.
Associated Press Dispatches.


market today was much less active than
for a week past, the general list being
comparatively dull, with small fluctua-
tions, and practically devoid of feature
There was, however, no lack of anima-
ton in half-dozen or more of the lead
ing stocks, and their fluctuations were
as large. as usual, the prevailing tend
ency being downward.
The cause for the renewal of the un-
easiness was found this morning in a
dispatch from abroad, which reflected
less confident tone, and indicated that
the squeeze for money on the other side
was by no means over. Here, money
telegraphed from San Francisco, aggre-
eating 81, 500, 900, gave much easier
tone to the money market, and, while
funds on call were run up to IL per cent
at one time, loans were made as low as
4, and the final one was at 5.
Domestic news was of rather encour-
aging character, but the movements in
market were slow, principally owing to
the operations of the bears who took
advantage of the cessation in the dispo-
sition to buy for a rise, which had been
so pronounced for the past day or two.
North American, for the first time in
many days, ceased to be the most prom
inent stock on the list, and for sometime
it was comparatively neglected. While
transactions in it reached the ordinary
figure, its early advance was not held,
and it slowly drifted back to the neigh
borhood of IL.
The feature of the late dealings was
the heavy selling of Northern Pacific,
which from 604 declined to 81.
A severe drive was made against Pa
cifc Mail with first sales, and it was
depressed 311s per cent, the decline be-
ing accompanied by certain vague ru-
mors, but about which nothing of
definite character developed. The stock
later seemed to have good support, and
made substantial rally.
Movements OF the Market
New YORK, Nov. 14.-Stocks this
morning were ordinarily active, but
moderated considerably before the end
of the hour. While the general list was
fairly we'll held, there was great weak
ness in several leading shares. Opening
figures were irregular, but generally near
last evening" close, the exceptions being
a gain of Ia in Western Union,
fae Pacific '0sssi and q in atchson in on'fn I'm
the early trading special weakness
appeared in Pacific mail, which was
raided down 2zs to 311s, Northern Pa
cifc preferred, Ia to 5S1s. North Amer
lean rose l u per cent to 1917, in the
early trading, but later lost all improve
ment. At IL the market was fairly ac-
tive and steady to firm, at about open
Ing prices.
Stocks continued active after II, but
the weakness of the first hour spread to
the entire list. Everything traded in
showed loss.
2:15 p. m.-Stocks are fairly active
and unsettled, close to the lowest prices,
fractionally below those at opening.
3p. m.-Money easier at to II per
cent. last loan, s.
Bar silver, 2A.
Stocks continue to decline. Close was
active and weak, at the lowest prices of
the day.
Final Changes.
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. Lackawana
is down AZ per cent; Louisville and
Nashville, 2A Union Pacific, "a ; su-
gar, 25s; Northern Pacific, preferred,
23s; Atchison, 15s st. Paul, 13s.
Governments heavy.
Petroleum dull; December closed at
727s.
The North River Bank.
The motion for the appointment OF a
receiver of the North River bank was
postponed until Monday, because efforts
are being made to resume business.