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Show THE OOCItlE EXCITEHEXT. A. Great Crowd tletr the KctnH In Vt all street Today. New" York. Nov. 12. When the gong sounded for tbe opening of business this morning on the stock exchange, there wis a yejjj,npd, rush, and pandemonium reigned, Tho galleries were crowded to their utmost capacity by a class which only visits the btreet in times of great excitement. Richly attired ladles pushed forward for a eight of struggling brokers and the most casual observer would have seen that it was a timo of unwonted excitement. ex-citement. Tho market opened stronger than might have been expected, ex-pected, and there was evidently a hopeful view of the situation, despite tbe fact that early London advices were not very favorable. Trading so far has heen simply enormous, especially In Villains Vil-lains aud tit. Paul. Several thousand thou-sand shares havo been sold under the rule, completing the sales l-gun l-gun yesterday. These were all In Villsrds and St. Paul and are believed be-lieved to be for tbe account of Decker, Howell i Co. The general gen-eral market declined slightly from the opening with a 2rwr cent drop In the Burlington. Vlllards, bow-ever, bow-ever, were strong. It looks now as If the conditions were favorable to a decided improvement. A clearing clear-ing house, sub-committee was appointed ap-pointed to issue certluates to aid the banks. These certificates will be issued to such cs require them, but there will be no public announcement announce-ment as to what banks are iu trouble. trou-ble. FUBTHEK OAIS. The early business was urgent, resulting in furtherpainsof J to lin which the Western Union, Burlington, Burling-ton, Union Pacific and some specialties were conspicuous. The Vlllard", and especially the Northern North-ern Pacific, were conspicuously ii live and strong, Common rising 1J, Preferred 2, touching 20J and 53 respectively. The general list, however, how-ever, soon yielded to tho pressure and Influence of the further sales under tho rule of Northern Pacific, North American, St. Paul and a few others for the account of Decker, Deck-er, Howell & Co. A downward movement was more pronounced toward the close of the hour, and the Burlington dropiwd 3 and the Northwestern I J, while Vlllards lost nlladvantagp, and tbe North American retired 1. The fluctuations fluctua-tions among the specialties and the low priced stocks were extremely wide aud irrt-gulsr, while the entire en-tire market was feverish in the extreme ex-treme throughout the hour. Later Vlllard 'a again show ed strength and the list followed. Tbe market at II was tery active and Arm to trong, but generally at something unJer the first prices, though better than those of last night, AT 11:25. The Vlllards continue strong and are now at the highest figures of the morning. The Northern Pacific common 20; preferred G0J, North American 20. TArt'Etf INTERVIEW ED. An Associated press reporter bad an interview today with President F. D. Tappen of the Gallatin Gal-latin National Bank and member cf the clearing house committee. He says: "Our committee Is now in session signing certificate", but the indications are that the issue will be very small, probably not more thau Ave millions aealnst twenty seven millions In 1SS1. There Is nothing iu the situation, so far as it fleets the associated banks, at all disturbing, and not the slightest reason to anticipate any disturlance iu tbe finances of this center. Our action yesterday in deriding de-riding to issue certificates were merely precautionary. We did not anticipate any disaster, but believed it a part of wisdom to forestall rather than to have to meet it. We are entirely en-tirely satisfied that the situation will lrorrove." to discuss tiie srruATJOjf. A circular was isued last night to the stockholders of the North American Amer-ican railroad to meet this morning to discuss tbe situation. The meeting meet-ing Is now In session. Tnero are rumors of tho formation of a Ger man syndicate to protect the Vlllards' Vlll-ards' stocks. The Bank of North America wascreditorattheclearing house today, and tho officials state that tbey are again la good shipe. A meeting of directors is now in session. DEVELOPING NEW BTREMTTIt. The Stock Market developed new strength after II o'clock, and while money was loaning at I interest, prices rase materially. Tbe extreme ex-treme fe verishness or r,a first hour still continued. A better tone was noticed oil over tbe list. Another advance in the latter portion of the hour sent the North American Ameri-can to aif. Northern Pacific to 21 and preferred to Gi, although al-though theso prices were not held, long. Among tbe usually active stocks was less animation, but the Improvement for tbe hour exceeded one per cent in many cases, SL Paul, Atchison, Burlington and some of the inactlvo specialties being be-ing most conspicuous. The trusts were comparatively quiet. At noon tbe market was active aud strong, generally at tbe best prices of the morning. The decision of the New York clearing house to lsiue certificates cer-tificates are ued in tbe settlement of balances and allayed apprehensions apprehen-sions of a bank panic, and In that respect had a beneficial effect in helping the recovery. Receivers White and Blocum of tbe sugar trust, have taken possession of all properties and affairs of the trust, and have established their headquarters head-quarters at 117 Wall Street. The meeting or the North American Railroad Company statu that the company has but few creditors, and that theso being strung financially, have agreed to see the company through, and that the assets of the company be wholly intact. |