Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1886-05-02
ON WALL STREET..
The Week characterized by a Decline
IN Which the Whole List
Participated,
Railway Bonds Decidedly Lower for
Speculative Issues--C Cotton STEADY
at Decline.

ON WALL. STRICT.

d.
Special TO the GaEettc.
NEw YORK, May Railway bonds
dropped further to-day, Fort Worth 4
Denver City selling at sea Houston s
Texas Central, los; Missouri, Kansas &
Texas Us at 7Gi do G's at9l; do 7's az
ll49; Texas & Pacific incomes at 90;
Kansas Texas at 753.
OIL closed at 7Ss.
Cotton was steady az points decline
Wheat sold at Yesterdays prices, but
Yves fraction stronger.
Coffee was flrm at points advance.
Money and per cent.
Governments Aim.
Sterling was dull.
The week opened with exceedingly dull
markets In Wall street, but later on the
spread Of strikes, the shipments OF gold
to Europe and the fresh cut in rates by
the transcontlnental lines, all tended to
Invite demonstration against stocks
and bonds in the share list. After the
decline was once started there was a
steady increase IN the volume OF business
aud near the close the dealings were at
tended with animation. The whole list
participated In the downward movement
which was equal to los points, outside
of Consolidated Gas, which broke TO ia,
when 1t became known that the standard
gas bill had become law and that fur
thur legislation was pending. In the gem
eral list Pacific Mail, Lake Shore, Della
ware Hudson, Michigan Central, Kansas
& Texas and Louisville & Nashville yielded
8s@5. Otherwise the decline was COM
passed within range Of lC9i points.
Railroad bonds Were decidedly lower
for the speculative issues, Chesapeake 4
Ohio class b leading with q drop OF IL
and the currency 6's, Erie 2's and Kansas
& Texas 5's and G's, Texas & Pacific
incomes and Nickel-plate is following
with decline OF sos points.
Governments were steady on slight
changes.
The foreign exchanges were n shade
caster at one time, but stifened up near
the close. Altogether there was little
variation in rates.
There were several flurrles in the
money market, during which the rate adj
vanced to per cent, but the bulk OF the
business was at 2@2A per cent.
THE WOOL MARKET.
Special 10 the Gazette.
NEW YORK, May lin the New York
wool market the demand for pulled has
been fair, and steady rates have ruled.
Business otherwise is very light and
prices are slightly in the buyers
favor. The sales include 10000
pounds Xxx Ohio at S4c;C To-.
600 do. ane Delaine at Soc; 5000 do. UNI
washed at 2l4ci 10, 600 do. Canada pulled
at soc; 10000 do. fall Texas at l5@l7c;
$4,000 do secured at 40@50c; 10000 do
secured Texas and Territory at 40@65c;
so bags do at 2S@40c; 10000 POUNDS one
fourth blood combings at Soc; 10000 do
| Y andHXX Ohio at 32@3ic; 30 900 do
Montevideo at 26dc; 10000 do. spring
! California at l6@lTc; $4,000 do. fall
Texas at l5@l7c, $1,000 do. fine UNI
washed fleece, $1,000 do. washed, 1900
do. medium secured Territory, POO do,
pulled, 5000 do. Males, 5000 do. camel't
hair, AZ 900 do. fall Texas, $3.50 do. fine
secured, 1850 do. sorts, 1000 do. spring
Texas, 100000 pounds super-pulled, 49,
900 do. extra, 5000 do fine super do,
1000 do Canada super, 1000 do. black do.
and 1000 do. Xxx Ohio on private terms.
GOVERNMENTS, STOCKS AND bonds,
NEW YORK, May i .-.Goyernment bonds
| dull and steady.
To-day stocks were unusually feverlsh
and Irregular, with alternate spasms OF
4 uCllNllg anu Aul1uCbHs lHG llkhN UIlNts
showed only small changes, and dur.
ing the first hour more than one.
third of the days business was
transacted, trading being accompanied
by small declines. The market was con.
trolled almost wholly by the news regard.
ing the strikes at Chicago, and these
we're nearly all Of an unfavorable
character. Both bulls and bears
concede that II the country is to
be thrown into general disorder securi
ties must go much lower. While the
news this morning from St. Louis and
this city was favorable, that from the
Northwest was the reverse and the mos
serious that has been published since the
beginning Of the strike on
the Southwestern system. The low
est prices to-day we're reached about
n 1890 Although the market was compare
lively dull the movement was decidedly
irregular from that time until 3 O'Clock
and In some cares reaction OF nearly
per cent. was established The result o
the days operation Is, however, extreme
ly irregular, several prominent stocks
showing little or no change while tho
majority Of the list are down from ! TO
per cent. The total sales for the day
were 394 800 shares. The market CLOSED
irregular but about steady for majority
OF the list. Comparing prices this even
ing with those Of week ago, everything
is lower. The heaviest decline was made
by New York Consolidate Gas "a Mex
Is Missouri, Kansas & Texas, and Louis
vile & Nashville each 81, Lake Shore an,
Delaware and Hudson 30, Texas s. Pacihl
and Pacific Mall So. The total sales TO
the week were ,522,0GS shares agains
t922, $40 last week.