Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1883-08-15
New York.

New YORK. August i4.-Money in better
demand, Has closed; offered at l.
Prime mercantile 5dp6.
sterling exchange, bankablc bills, weaker
S2A. sight S6S4.
Three per cent. bonds-Ss To- u.
Coupons, 4l5s--l.i2A.
Coupons, ISL 1884.
Governments lower for s'S4iSS.
Railway bonds weak.
state securities dull.
stocks opened a TO ~ lower than close
last night for general list OF active stocks, the
largest decline being IN Wabash preferred
and omaha preferred. The pressure 10 s.li
was az first only moderate but wss soon In
creased by heavy short selling directly
against lockawa, ner, st. Paul Norlhern Pa
cihc preferred. Oregon 4 Transcon, mental,
Lake shore, Union Pacific and New, York
Central. The effect was 70 bring out pretty
large amounts of long stock or the list above.
under which they all declined, carrying the
rest OF the market with them aud causing
considerable amounts of other stocks TO be
| thrown upon the market. Among these was
Burlington IL Quincy, which declined ~ on
safes of only about i,3o' shares, which was
| probably nearly all long stocks. The extreme
which time n decline on Oregon & Tlanscon-
tnental was - Rurwgton &Quiucy ~,
Jersey Central ~, NortN,rn Pacific common
and preferred, u, pacinc Mall Z, 81 Paul y,
| Western Union IA. Locknw8nns TX, Illinois
Central IA, Lake shore 1N AID Wabash l3s.
From this e.treme decline tkerc was q gen
ranging from 10 hper cent, tue latter on
oregon & Transcontinental TO ! 6l1s, aud
| from tnNt ti'nc until IL O'CitrK tue marker
continued firm and tne'c was evident recov.
cry Of confidence, not only as regards day
but large also as regards prospect for future
| of general market. This was In some mca.
ure due to the belief that the break WIS arti
fcaliy produced and that without the ham
mering OF the beurs the market would onl.
have continued duh and comparaiivel,
steady. This was the general feeling up 10 i
o'clock, at which time the suspension O
Geo. VIM. Ballou & Co. was announced: thu
announcement of the failure AT first caused {
decline ofl< To ~ in the market, nom whicf
il reacted in twenty minutes q 10 X on later
, Lake shore. At 1890 the market wns at III,
highest prices of tho day for "a good man,
stocks, and strong but feNerish. otul sale
up to l4:iU O'Clock We're ahout ajl,O0D shares
I After l2:3 the maIket was ut first stronge
, | and there was an advance OIL rom = 10 n
latter OREGON n TranscOntinental TO 0l]l
with one per cent. on Union Ppciiic, Atte
: 1880 there was II decline OF Il 10 l5S on latte
|, Oregon & rfanscontinentai, with iN ON Wa
| bash preferred and Northern Pacific, %
= Union pacitic "a on Wabash common an
;. less than * on the rest of the list. Thes
= changes left the markctlittle lower than
| lg:2) About this time ais We're begun 81
: sales for account of Ball u Il Co, and duril
: the day Is 400 shares OF stock ana SilO y
: bonds wee closed out for account of the firi,
T. ! The majority of the stocks closed outwel
t, bought In short account, and Ballou < @
A. stole the great bulk of their liabilities we
In short sales The feature OF the market
; the last hour was decline of "a per cent.
O Western Union to 72X. This was 1t puzzle
N street. stock hal been pretty well 81
= taiptd all day, the largest previous deci'
being ! ~ in ear Ter part OF the day. The e
PLANTATION given for the break was that II
number OF stop orders We're In market whic
bears discovered After the bear pressu
was removed. G market moved 'p agar
Before the close Western Union recover Il =
oi the decline In previous half hour III
whole mark ct dcclinfu IN the early part
the last hour II TO "a latter