Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1886-04-13
The Wide Distribution Of Dealings the
Lending Feature Of the stock
Market.
All wan street In SMILES over tho --latest
Manifesto OF tho Knights
OF Labor.
COMMERCIAL RESUME.

=
Pacific at 5iA; Kansas & Texas at "a
Houston & Texas Central at l0i; Gal
weston, Harrisburg & San Antonio at
1917
Wheat was strong and advancing.
Cotton advanced points.
Oil opened at "A and closed at 76l
Coffee barely steady.
Money, IA and per cent.
Governments closed firm.
Sterling was lifeless
GOVERNMENTS, STOCKS AND BONDS.
NEw YORK, April ~. Government
bonds duh and steady.
Railroad bonds showed increased &c.
tlyity. AS rule,prices were higher.
Stocks responded promptly to the gem
eral favorable outlook in all lines of
business. At the opening, prices were
generally small fractions higher, and with
hardly any reactions the market contin-
ued strong until the close. There was no
news to cause any material advance
but there was an earnest disposition 10
cover shorts, and this stimulated the adj
vance. The result Is that everything is
higher, the gains ranging from fractions
TO more than per cent, with an eXcep-
tional advance for much greater amounts.
A characteristic feature OF the market
was the wide distribution Ia dealing. In
no case were the sales as much as 10000
shares. Some OF the stocks which have
been neglected for a long time were con-
spicuous for gains, including Milwaukee,
Lake Shore Western. Common opened
at 30 aud rose TO %, while preferred ad-
yanced from 10 TO SO and closed at sl1
st. Paul & Duluth advanced per
cent. and closed at 65s a net gain
OF "a. Lake Shore closed with net adj
vance OF H. New York Central Is up
st. Paul is I and Northwestern | 1 higher.
Coal stocks are mp for Jersey Central,
IA for Lackawanna, / for Delaware &
Hudson aud for Reading. Union Pacific
Is up a, which was ascrlbed 70 inside
buying on reports from Washington that
the bill extending payments TO the gov
eminent over eighty years would pass,
but 1t Is more probable the story grew
out OF the advance Instead Of the advance
coming from the story. The market
closed active and strong.
NEW ORLEANS MARKET.
Special to the Gazette.
NEW ORLEANS, La, April l2.--Sugar
active with good demand; powdered CSC,
standard graduated 9 7-l6ci confection-
ers' A Gtc.
Molasses unchanged.
Rice unchanged except fair 3am3}c.
Coffee steady at previous prices.
Flour - Dull; choice 81 %; fancy
81 50 extra fancy 81 SIS; Minnesota and
winter wheat patents So 40.
Corn-Qulet but steady at &c.
Oats--Easler at SOC,
Corn Meal-Steady, with fair demand
at 81 10.
Hsy-Quiet but steady; prime sls GOA
II 90; choice Sl7 50@ls 30.
Hog Products - Demand light but
holders arm.
pork--&l0 80.
Lard-Rehned fierce s5 1906 s74.
Bulk meats-Shoulders SS 90; long
clear ribs IS 90; bacon shoulders 81 %
long clear &c 05; clear ribs Sc 20.
Hams-S9 00@9 20.
Whisky--Steady and unchanged.
Coffoe--Qulet, rio Ga@l0c.
Rice--Quiet and weak 8(G4Ac.
Cotton-seed products dull, weak and
lower; prime crude 204@2l1c; summer
yellow 26A927ac; cake and meal lg@l91c.
Sugar--ln good demand at full prices.
Molasses--Qnlet but steady.
Exchange-New York sight 81 so
premium.
NOTHING TO TAKE HOLD OF,
Correspondence OF the Gazette.
NEW YORK, April although Wall
street Is In a quandary as to which side
10 take In tho present fight between cap.
ital and labor, even the mos. soclalstic
brokers could not repress a smile over
tho manifesto Of the Knights OF Labor
against Gould. OF course capital IL all
powerful In the street, but stock-brokers
are no fools and know that II IL OF no
use without the constant aid OF labor
Gould, again, Is no favorite In Wall
street, but when he is described in
abstract, meaningless terms, such as
crazy French communist might have
used, Wall street smiles and calls atten-
ton 10 the day when Mai Seloyer took
the "giant iend" by the coat-collar and
dropped him down an area. Wall street,
together with the country at large, wants
some concrete accusation against man,
not abstract statements. II anything Of
a stock-iobbing nature could be proved
in GouId's attitude towards the Knights
OF Labor II would be Of some use; but
as the case stands AT present there is no
reason for supposing that Mr., Gould, any
more than Mr.. Mcdowell, Is using the
strikes for speculative purposes,
The manifesto Of the executive commit
AVo was very ppOfly conceived anu sui
more poorly written document, and the
general verdict Is that, II the knights Of
Labor have nothing more busiuese.llke
or sensible TO say, tley VIII do better n
they shut up aud go ON with their fight,
leaving the talking TO facts, BomSastc
plaudits do not take In practical ooun-
try like this, although they have occns-
ionally taken during exciting times
among the dreamy, theoretical and
superstitlons opulation OF the continent
OF Europe, It Is ldiotic TO talk in this
county Of "chain being already forgedm
and tour children becoming slaves. !"
There Is no laud on the face OF the globe
where public opinion is more Just and
equitable In all the conflicts between poor
and rich, weak and strong, BE II In a
street hght, In the courts OF law OF In a
contest Of any kind, the public cry is In
yariably "ialr play" aud the spontane-
Gus expression of public sympathy is in.
yariably with the weaker and the poorer.
OF course success is, after whisky, the
great Intoxicating drink OF America.
Bot the public gets tlpsy on It only
after Il has become convinced that Il Is y