Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1885-12-13
THE WEEK IN FINAECH.
A Busy Week onWalI Street, With the
ionors About Evenly Divided
Between Bulls and Bears,
Yesterdays Sales OF Railway Bonds
Mortgages Recorded Generally
Lower.
ssovcrpments Firm-wheat Weakening
Effect of vanderbiivS Death ON tho
Weeks Dealings.


Texas Hallway Bonds-weetiy Resume
NEW YORK, Dec. 1.-THE sales OF rail-
way bonds to-day were as follows; oOOO
Fort Worth & Denver City, LIST, at "a
1000 Houston & Texas Central, first NAN
line coupons, offered at l0l; 5000 llous-
ton & Texas Central frstat 1919 1000 do.
nj l0s; 5000 Missouri, Kansas Texas,
general 6's, at ssi; 5000 Missouri, Kan
sas & Texas, consolidated as, at ia ~
900 Texas & Pacific, first Rio Grande dl-
vision coupons, offered at 81; 60OO 90, AT
5l4; 5000 do at 5ls;, 10000 DO; at oV5
IL, 900 do. at 60s 5000 do. at 6Od; lO,ooV
do. at 50a 5000 do at 6Os; 5000 Iexas
Pacific, Income land cranes, at 8Oe oUOO
do. at 3s4; 5000 do. at S9i 6o,oo0 90.
at 8s4; 1000 Houston & Texas
Central 2,s at So; 1000 Texas g. Pacific
general mortgage at $50; $4,000 Texas &
Pacific income at 3Si; $4,000 do. at Sod;
10000 do. at So, 5000 Texas & Pacific ter
minals at Is; 5000 Texas & Pacific Rio
Grande division, ex-dividends, at 81; 5000
do. at 50l; II 900 do. at 50b; 10000 do.
at B0t; 1000 do. at 50h; 5000 Fort Worth
& Denver City rs at SSAi $4,000 Texas
Pacific Rio Grande division, ex-dividends,
at 10. 10000 Texas & New Orleans, Sa-
bine division, at l0l.
Wheat was weak and lower
Cotton was easy.
oil opened at ga and closed at 500.
Coffee was fairly active
The week i'm financial circles was one OF
the most important fora long time past,
especially in the markets of securities,
which have nuctuated widely There was
firm opening to the share speculation, but
when London failed TO respond to the an
nouncement of the settlement OF the New
York Central-West Shore injunction,
prices went off The decline was soon
recovered, and the tendency OF the mar
ket was upward ultil the sud
den death of Mr. William IL. Wander
bilt. The immediate effect OF this
intelligence was comparatively slight
being represented by Il decline of to o
per cent, which was followed by n
quick rally Later ON, however, the bears
took advantage Of the unsettled feeling
and made vigorous onslaughts upon the
leading shares, finally forcing decline OF
Ia to 81 per cent. from the highest point
OF the week Near the close Lakawanna,
which had previously yielded but little,
developed marked strength and rose 81
per cent, which led 20 "A change in the
temper OF speculation and a general
Improvement OF ! to per cent. The
short interest has been largely increased,
aud this week formsa good basis for rise
when the bulls take the market in hand
for another campaign.
Railroad mortgages, as rule, were
lower, the chief feature having been u
break OF to III per cent. In Texas Pacific
and New Orleans & Pacific issues on the
talk about Il receiver which also caused
great weakness in Texas & Pacific.
Government bonds were firm through
out and a fraction higher. The foreign
exchanges showed hardening tendency
and rates were advanced slightly.
Money was easy on the December in
terest disbursements and call loans
ranged from TO per cent.
GOVERNMENTS, STOCKS AND BONDS.
NEW YORK, Dec. l2.--Government
bonds duh and steady.
Railway bonds moderately active In the
range of speculative ISSUES,
There was heavy decline in stocks
after strong opening which showed adj.
vances for the active list OF I to per
cent. and which were about the highest
quotations of the day. There was n per-
sistent decline until the close,
At times the market was eX-
tremely active, especially when 1t was con-
spicuousy weak and the reactions which
were accompanied by dizziness were only
slight. Several causes have operated to
produce to-day's result Early in the day
IL was reported that new issue OF bonds
amounting to $50, 900 900 was to be made
by the Lake Shore railway, the alleged
object being to take care OF the
bonded Indebtedness of the Nickel
Plate. That stock was decidly weak,
selling down In the forenoon from SGT to
Stk. Later in the day came published
synopsis OF Vanderbilt's will and the in
depreciation was made that the bulk OF
the fortune had been left in such con
dltion that It was liable to come upon
the "street" ut any time, and
old conservative operators, who have
been persisteutly bulling the market
of late, suddenly turned and sold their
stocks, especially those in which MIR
Vanderbilt was prominent holder
Very decided weakness was also deyel-
opcd in Pacific Mail, following reports
that congress was certain to support the
postmaster-general, and that the company
would be deprived OF any subsidy In its
favor
The closing prices show declines OF
fractions to over per cent Lackawauua
Is down 2, Lake Shore %, New York
Central /, Northern Pacific preferred q,
Omaha common 2k Northwestern u, st.
Paul IA, Texas 4 Pacific IA, Missouri,
Kansas & Texas ! per cent, Louisville 4
Nashville aud Missouri Pacific each | per
cent, Oregon Navigation 4, Reading /
and Union Pacific 4 per cent, Chicago,
Burlington \ Quincy was conspicuously
active and with a net advance OF per
cent is the only stock that shows gain.
The total sales were 57l 1914 shares.