Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1886-07-09
ON WALL STREET.
Railway Bonds Steady ut Previous
Prices Foreign Exchange Quiet.
Wheat Irregular.
Stocks Opened weak-The General List
shows Declines-A Timid Feeling.
Governments Higher
COMMERCIAL RESUME.

NOMMhhClAI RESUME.
Special 70 the Gazette.
NEW YORK, July s.-Railway bonds
to-day sold as follows Fort Worth & Den
yer City st So; Houston & Texas Central
49, Texas Pacific Rios at ga; Kansas
& Texas 5's at SIT; do G's at 90; Texas &
Pacific income at 3s4; st. Louis & Texas
at 0GI.
Money at 2@S per cent
Governments higher
Foreign exchange quiet
Wheat active but irregular.
Cotton to points higher.
Oil closedat Goa
Coffee steady
KANSAS CRor REPORT.
TOPEKA, KAN, July S.-The state
board Of agriculture in its monthly re-
port estimates the winter wheat yield ut
APO, 900 bushels, or one half the usual
average. The sprlng,wheat condition is
81 per cent, slight ybelow the previous
month. Corn condition, l03 per cent.
Oats condition, so per cent; a big crop is
promised. Horses condition, 100 cattle,
1905 sheep, 90; swine, % per cent.
GOVERNMENTS, STOCKS AND BoNDs.
NEW YORK, July S.--Goyernment bonds
dun and unchanged.
Railroad bonds quiet, sales 1870, 700.
Prices ruled generally heavy in the early
hours, but tlrmer tone prevailed in the
latter part Of the day The closing prices
show irregular changes, about equally
divided between losses and gains.
Stocks opened weak. The influence on
the market In the forenoon was the story
that Chicago was selling Changers. The
selling OF those stocks by brokers who
have been leaders in the upward move
ment lately gave strength to
the stories aud st. Paul lost
| from last nights closing Northwest
ern lost Ia, Lake Shore lost B. and West
ern Union lost ( At the closing the
market showed declines in nearly ali the
active list OF from to IL per cent,
G. Z. Huntington has renewed his
proposition to the Pacific Mail company
to the effect that the company receive a
subsidy of $500 per month after the
first three months and lower rate dur.
ing that period. Huntington said he did
not know whether the Pacific Mail COM
pany would accept his proposal or not.
President Houston of the Pacific Mall
said that the situation was unchanged.
IMPORTANT SILVER MEETING.
LONDON, July S,-An important meet
ing OF British and colonial chambers of
commerce was held to-day, at which there
was an animated discussion on the silver
question and It's bearing upon the com
merce OF India, Australia and Great
Britain. Henry IL, Gibbs, ex-governor of
the Bank of England, opened theproceed-
ings by q strong speech showing the
worldwide Importance of restoring the
monetary value OF silver. Sir Robert
Fowler, manager OF the London bank, eX-
lord mayor, opposed the idea. In
speeches, two Indian speakers contended
that the effect of the depreciation of silver
must be finally the ruin OF the wheat and
cotton Industries OF the UAlted States,
and the development of India as the chief
wheat and cotton exporter of the world.
They therefore protested on England's
aiding America TO restore the value of
silver at the expense of the interests
OF India. Paul f. Tidman, an East India
merchant, argued that England had other
Interests besides those OF India which
were sorely In need of silver, and trusted
that Gibbs idea would be adopted by the
meeting Crump OF the London Times
denounced the agitation OF the silver
question as the work Of the silver miners
OF Nevada and their allies, the Washing.
ton ring Morton Frewton crltl-
cised Crump in a strong speech
In behalf OF the farmers In the
West aud the planters In the
south Of America. A resolution was
passed by vote OF IS to 10 amid great
excitement declaring that the demonetlza-
ton OF silver would relieve the depression
under which trade was now staggering.
Ite meeting is regarded as highly i'm
portant.