Where this sentence fails for me is that, in a list** ***, semicolons are often used to separate possible (exclusive or non-exclusive) alternatives. What the sentence above is doing is describing a sequence of actions, which would be better separated by full stops and/or conjuctions (with or without supporting commas).“Presently, as I went on, still gaining velocity, the palpitation of night and day merged into one continuous greyness; the sky took on a wonderful deepness of blue, a splendid luminous color like that of early twilight; the jerking sun became a streak of fire, a brilliant arch, in space; the moon a fainter fluctuating band; and I could see nothing of the stars, save now and then a brighter circle flickering in the blue.”
** - By "list", I mean that there are two or more semicolons in the sentence so that, list or not, the sentence gives the appearance of containing one.
*** - The other main use of semicolons is to separate opposites, e.g. "Most would run away from such danger; members of the emergency services would run towards it."