Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1885-11-08


the crop uncertain, and that, while there
n no dinlculty about raising enough |
for home consumption, II cannot DC de-
pended upon as an export for income
we have already seen IN California the
encroachments Of orchards upon wheat
lands, and In the West divcrsihe farm
ing Is having the same effect. year ny
year, too the millcrs are taking more Oh
the crop for home consumption, ana ~
needs no prophet 10 see that, before many
years, we shall no more be great wheat
exporters. All the better for us. Whcn
we can find home market Tor our pro
ducc we save the cost OF transportation,
which Is now going into British pockets,
and by the time we have substituted man
ufactured articles for wheat, as IN export,
we will be prepared 10 carry them III our
own bottoms and retain the freight money.
Assoclatod Press.
oovEnNMENT STOCKS AND bonds.
NEW York, Nov 7.--Governmcnt pohuS
dull and steady.
The dealings In railway bonds were
again distributed over large list OF Sc
curltlcg, but the transactions IN most
cases were for very small amounts ana
we're not as large as usual. The North
ern Pacific Railroad company has asked
the stock exchange 70 list S20,000,00O oil
| its second mortgage g per cent. BONDS
dno in 1888. The total sales OF bonds
during the week were Sl5,8i7,000, against
s22 g2l 900, last week.
The London quotations for the leading
American securities indicate very DC.
cided advance in the English market, ana
the figures were accompanied by thc
statement that American securities were
in demand The market here responded
by opening from 4 TO higher, Lake shore
lending. This display of strength, now
ever, was very snort llYcu,
and in the next twenty minutes
there was decline Of to n per cent.
This was followed by partial recovery
In the forenoon, but the market Tor CON
siderable time continued icverish irreRu-
lar and active. Prices In the afternoon
were comparatively steady but firm on
small fluctuations until late IN the AFTER
noon, when some OF the most
active stocks developed new strength,
which was most conspicuous In the llhnl
dealinns. The market closed strong Mt or
not much below the highest figures Of the
day and with gains of 4 10 4 except for
few of tho most active stocks, which adj
yanced from to III The most proml-
nent feature OF the market was
tile actiyity and strength Ia Lake
shore, the total sales amounting
TO 81 200 shares st. Paul and Louisville
& Nashville Jointly contributed as much
more, and the remainder Of the days
business, 27 800 shares, was widely dis
trlbutcd. Lake Shore opened at slB'
The net sales was at 80, and IRON
} that IL broke in few minutes
to 81, but rallied in the forenoon
: 10 s5a. Later IL sold up to s6l, aud
closed lower, with net gain OF 20
Tao advance was unaCcompanicd by any
: nporlant news having Il tendency TO IN
! nurncc the status Of the stocks, but tho
statement comes from Semi-OllCin
} source that the scheme which has been
! discussed in Wall street for some time pas
p fy w itch all the Vanderbilt lines west oil
t buffalo and terminating at that city WI
p he operated upon plan somewhat SINH
lnr TO that by which the Pennsylvania
I company now operates the lines west o
II plttsburg, viii br carried ont, New
c York Central is 4 higher than
Il it closed yesterday, There wa
r remarkable strength, accompanied
G by unusual activity, in Louis
c vile & Nashville, which showed
:, gain of 1 at the opening 1T i5l iron
!, which II advanced In the morn
# lug TO iG4, and after yielding t.
i6b sold again in the forenoo
ut l5a In the afternoon II advanced
lSd and closed lower, with q net gal
OF "a, Northwestern was rcmarkabl
o. steady in the forenoon between Ill
and ma, 1t did not 20 above liz an
ID closed Mt that price, gain OF B. =
y Paul showed moro iovGrishncss, anC
L. after selling at 20 to 05A at the opening
7s yielded quickly TO 084, but rallied In III
u forenoon to 03l and IN the last hour sol
II at 05I, ut which 1t closed, gain OF 4.
Is said that some of tho ban
!, officers IRE growing uneasy, on ~
count OF the class OF securities that ~
Ia being offered by the operators, and th
10 loans are daily rejected because OF u
Is poor securities offered,
or The changes In quotations this cycnir
no from those Of a week ago are general
IT unlmportpnt, and the advances and d
Ill clincs are pretty nearly equally divide
e. Among the active stocks the grpn
80 est advances were in ST. raul 81, llnit
@ Pacific 4, Lake Shore ., u,
re Louisville & Nashville "a. The dccllu
ts In no case amounted to as much az p
IN cent, except Missouri Pacific, whit
rS shows IN,
m Tho sales Tor the week were 25G,7
al shares, IA Increase over last week OF 81
Is, goo shares