Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1884-05-11
TELEGRAPHIC MARKETS.

NEW YoRK, May TO- Governments quiet.
Railways continued weak until the last
hour OF business, when some improvement
was noted. Erie new seconds sold 10 07Is
and rallied To 90,
state securities dull.
Speculation at stock exchange was greater
than yesterday. IL was weak and depressed
part of the day, because Of uniounded reports
circulated late yesterday for speculative
effect and which had some influence upon
weak holders this morning. To-day the
same practices were continued, but the bears
changed their base to other fields and bankers
and operators received dispatches
before opening OF business OF then ost alarm
ing and sensational character, Firms and
Institutions here were freely mentioned aS
being la n bad way, ana there were reports of
impending failures, but the days doings
proved this to be MS untrue as tine reports cir.
culattd yesterday afternoon. The bears,
however, succeeded in breaking Union Pa
chc nom b514 10 to1k, Cen
trail Pacific nom iGt to 1874
st. Paul from 81 3-s TO rs i-s: Northwest from
100 IL To lOi 81, Lackawanna from III ii TO
Ill ~, Louisville Il Nashville from 10 TO A..
Lake shore from 9i7-Sto e3 as, New Jers' y
Central from - - 10 "a 81, Erie from 10 TO
- So, Northern Pacific preferred from 81 7-s
aud Reading from 10 10 to IS l.i. The object
OF the attack, however, falled: Missouri
Pacific and Western Union were but
| little affected;n OF Notwithstanding the announce
nounccnent before the opening of bu,inc 3
| that these shares would be attacked today
Missouri Pacific ranged between TSDs aud s)ls
and Western Union between 0Ok ana o5th,
| In the afternoon Freeman s Co. gave .notice
| TO parties holding Jersey Central Ms oollatei al
for the Reading company that they would
take up loans Monday. THIS was considered
by street, !" as meaning Vanderbilt Ind de
| termined 10 protect his Jersey Central and
| Reading properties from further bear attacks
aud caused a sharp rally OF to per cent. In
prices, the latter for Jergey Central, which
rose To ToN; Reading advanced ~ 10 364,
Sorth western IA TO i0l, 81. Paul w 10 49,.
Lackawanna ~, Central Pacific to 4
Lake Shore TO Vp3, Erie y
to li9l, Northern Pacific preferred, ~ tot2h
Pacific Mail TO A and Union Pacific ~ u
| 5lsk Improvement was not mily man
taincd, AT the close OF the market being Sc
heavily oversold, and stocks are very scare
Tor delivery. Deinquents this nfternt on
we're bought In at difference OF - TO pei
cent. Borrowing demand active compared
| with last nights closing. Prices are 4 pei
cent. lower for Union Pacific, ~ for Centre
Pacific. for Chicago, burlington Il quincy
lis for ~. Paul, ii for Lachawnnna, 5fol
Lake Shore, s for Cana'a Pac &c, 81. Pau
and Denver, rs for Northwest, IL for Can
ada southern. Rock Island, Louisville q
Nashville, oregon Transcontinonlai and
Omaha, 3-sfor Wabash, l 4 Missouri Palinc
Kanfas 4 Texas, and is for Texas Pacinc
Delaware & Hudson !. IS higher, Reading
rs aud New Jersey Central 8bs per cont
higher. saiej OF stocks for the week s,ii'o
shares. The earnings Of the Denver q XII
drande railway for tbs month OF Marci
were only $500, as there were heavy snow
Storm and slides. transactions oio0
shares.