Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1885-11-19
A Sew Estimate OF The Dakota Wheat
Crop...liistory Of the Bull
Movement in Stocks.
Jay uouid Advises Ills Friends 20 Hold Dh
Uat1 There IA Something 10 War
rant nigh Prices.


ditto at 90; 10000 ditto az 924; 1890
ditto AZ g2l 5000 ditto at g2l.
Fort Worth & Denver CITY iirat,, 900
at Bql.
houston Texas Central first main lin
csupons, 5000 offered ut p94, 1000
ditto, 20, at D94 10000 ditto at H9i'
1000 Houston 3 Texas Central sec
onds, main line, at 10.
$4,000 Texas & Pacific, Rio Grandc III
vision, coupons offered at ~, $4,000 dit,
3tG2l $4,000 ditto atGll; 2OGO ditto at
~ $4,000 ditto at Gll
10000 Texas & Pacific income lame
grants M iSl
10000 TrXis & Pacific income ian,
grants ut 49,; 10000 ditto nt 4pl 10000
ditto at 4gI 5000 ditto at l9s 10000 dit,
ot i93 5000 alto at i9l 10000 ditto "a
4pi
10000 Texas s Pacific RIO Gandc cou
pons offered at 68l 900 ditto ut 90
1000 ditto Mt G2i 10000 ditto nj 81
600 ditto at G2f,
Five thousand Fort Worth 6 Denver
city X at 8JI
on was excited, highest point ~
GrnIn was lower but active.
Cotton was strong.
Coffee was active and steady
Kansas & Texas advanced FROM the
opening on large Trading. II has been
claimed that the opening Of the Indian
Territory would mean par for the KAN
,as & Texas stock
Texas e. Pacific scrip, 1854, IS asked
Texas & st. Louis subdivisions 10 bid
Texas & st. Louis, Missouri Arkansas
division, 3 bid ditto, Missouri & Arkan-
as division, first mortgage iG, bid, lGg
asked
Missouri, Kansas 8 Texas income scrip
~ bud
Denver 6 Rio Giaudc consols, So bid,
'H asked.
Tux uUItED sTOCb MAEkEr.
The Times financial article says! The
stock market has pissed to a stage where
the experienced have TO sit down aud
Try and reason out the cause. II would
seem that new generation comes into
Wnll street every i've TO seven years, and
the newcomers are always BUYERS The
Old heads have been left behind ia this
bull craze, They started the market an
ana having supported II for some time
sold out ut good profits They expected
decline and none came, the
market tatiug all the stock they sold
without trouble; they bought back and
lFlrnd 20 put prices stll higher, and again
iiity sold ont at good prohts, and doubt.
less put out short lines which the, have
mud TO cover since Mt loss They have
huW about come 10 the conclusion Tint
there are more things in the financial
world than were dreamed on in their
philosophy, Tho public craze TO buy IL
simply marvellous, because II seems not
only almost Unsuitable, hut II IL so sud.
dem We saw the same thing In 1851, but
mat was the grand elimination Of a three
wears movement IN which tho buyinr had
crown and expanded until II burst All
houndn. The present craze Is the work of
about that number Of months Six
months or 20 ago there was scarccly
sign apparent Of what was coming. II at
mat time any one had said that IN the
lace OF a disastrous failure of the winter
wheat crop before December came the
business OF the stock Exchange would be
averaging bOD,O shares q dAy, every
'erllpn OF the country Would be buying
stocks, and London would have nm
american bull fever on IL unprecedented
IN Intensity, such prophet would have
found no one to listen to his apparently
llle talk. Yet this has come to pass
iticoN OF stocks go up 10 whore we think
lh'y cannot possibly 20 one point moro
from sheer refusal of anyone TO
my thcm, and, after brief wait
0t mat level, instead OF going down,
hoy take another upward rush
WHEAT ASp cons MARKET.
Npcria' 70 the Gazette.
cue AGO, lit, Nov lS.-.lt Is rcpurted
on good authority that the census Of Da-
Np'a, ust Completed has D surprise In
STORE lor some OF the people who hay q
hrcn trading IN wheat II gives the crop
an last year as about 3s, 200, 900 bushels
ana that OF this year AZ 81 ,0oO, 900 bush. |
els, the total Of the two years being o5'
W'p,Op0 bushels In excess OF previous |
rtatomenH. Thla Is large difference
ana Il IL NO wonder that some parties !
ihorc have been trying to obtain com. |
pcusatlon for the knowledge In advance
at us being given out TO the public. n IL ,
worthy oi remark that the news comes nj !
= Time when II il calculated To gct much
'esS hearishlY than at amy other time In /
'olnr weeks past.
some parties are estimating that the 4
farmers OF this country cast OF the Rocky /
mountains have already delivered 60 ner
cent. oi their surplus wheat and that very |
soon the visible supply viii show a 4
inarked falling on not TO be changed into
an Increase this side of next harvest
some even think IL probable that tho ncxt \
statement will show a decrease OF over
100000 bushels, There may be some
mistake about this and not about Tho
other \ further point on the bun side
" made TO the eject that foreigners are
snort IN this market to the extent OF inllv
~ ,000, 900 bushels
Receivers think Il probable that the re.
'Hpts oi nav ccru In this market VIII
soon show a respectable Increase, II buy.
'rS Indicate wish for Il. 80 far tho
samples have sold at iNir relative prices,
considering the quantity OF moisture
which the corn contained, hut the recent
Trl'als already show an Improvement In
nat respect A trial lot has been re-.
'ewed from Southern Nebraska, which,
y ihc opinion OF some good Judges.
would pass as sail corn on The seaboard,
ny wac Inspected here as No. . and ,
70 \, Tho party who received Il here
ny not feel very iuhllant over the result, {
uV sloAe q a lot OF corn which Was