The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1890-12-13
AN EASIER FEELING.
The New York Stock Market Shows an
AdYanCe-A Failure.

NEW YORK, Dec 1.-THE Post SAYS
Stocks were more active and from one tc
two points higher In the first hour of this
morning than at the closing last night. This
was largely due to the covering of shorts in
active stocks which impaired q degree oil
activity to the whole list. The circum.
stances which induced the covering OF
shorts were: First. that the market was
largely oversold, and second. that there had
been an Improvement in the whole financial
prospects. The high rates for call loans on
Monday and Tuesday were the effect of the
calling In OF loans by bankers who want
money to buy exchange and import gold,
and as soon as this money worked around
into other hands it was loaned again, and
since then the call loan market has been
getting easier. Up to last night the Sub
Treasury had paid out $6S00,00O in gold
first call for $4,000, 600 Altogether it was
an improvement in the money situation,
both here and in London, that was the chief
cause OF the improvement in the stock mar
ket
Feek, Martin & Co., brick-dealers. as
signed to-day. The liabilities are about
O0,0O0 and assets 100000 The inability
of the firm to collect money due them is the
cause OF the failure. There are also indi-
vldual assets amounting to 100000 above
Individual liabilities. The liabilities are
$500. 600 and are secured by good collateral,
which cannot be Immediately realized on.
EMBARRASSED FIRMS.
CLEVELAND. Dec. 1.-THE Davis Plat
form and Binder Company, manufacturers
of harvesters and binders, to-day went into
the hands OF a receiver. The assets are
said to be about 100000 and the liabilities
about $4,000. The embarrassment is said
to be only temporary, and caused by the
strlngency OF the money market
kEoKUK uowa), Dec. 12.-The liabilities
of Collier. Robertson d Hambleton. whole
sale grOcers, who failed yesterday, are now
stated to be between $4,000 and $500, 900.
The assets are varionsly estimated at from
$4,000 to $1,000 Individual investments
In Western mining stock by members of the
firm precipitated the crash.
CHICAGO. Dec. 12-P. McGurn & Co.,
grain and commission merchants, assigned
to-day. with liabilities $4,000 and assets
S25 Zoo.
CHICAGO, Dec. 12-It was reported on
the Board OF Trade this morning that Rus
STA, on the advice of the Bank of England,
had decided to deposit her funds with the
reoraanlzed Barring Brothers. This is re-
garded by brokers rs most significant in
dcatlOn of national confidence abb Dad.
WASHINGTON. Dec. 1.-THE members of
the Republican Senatorial Caucus Commit
tee, appointed to report some measure Of
financial relief, were in session for an hour
this afternoon. In the absence of Plumb
and Jones no proposition was laid before
the committee formally. and the subject will
be further considered tomorrow.
PHILADELPHIA, Dec. 12.-Narr & Freund.
who failed some two weeks ago, have settled
with their creditors with notes payable in
six. twelve and eighteen months.
BRAZILIAN BANK NOTES.
Rio DE JANEIRo, Dec. 12-The statement
that the Government had authorized the is
sue of a lean of Coz. COO, 900 mllreis was erro-
neouS. 1t authorized the new bank to issue
notes to the nominal value of Coz, 600 milreis
against 200, 900 IN gold.
LONDON, Dec. 1.-THE steamer Lain
sailed this morning with G501 900 in gold
for New York.