Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1886-03-25
VERY BEARISH.
A Day Of Activity and FeverIshness In
stocks with the General List
Lcwer-tsouId In the Sulks.
RAILWAY Bonds Active Mt the Expense OF
ouotations-d Anxiety Mani
fest on wall street.
on WALL sTREEr.

NEW YORK, March 2f.--Ihe STOCK eA-
change to-day presented a scene OF getty
ity and excitement without parallel Tor
long time past. Extreme depression
prevailed and there WAS a break In prices
of anywhere from ! 10 8 points. Feeble
rallies occurred at intervals only to be
succeeded in each case Ny lower figure
OF quotations than before. There was
great pressure 10 sell almost through
out the entire day, and the bearlsh
feeling was more pronounced than
at aby previous time since
the current down ward movement set In.
The decline frightened many holders, and
as the market was full Of stop orders, the
way was made easy for bears to mark
prices down. flood OF long stock came
out In all the active shares. and also In
some OF the spccialtIes. The bull Gle.
ment, at the moment, Is completely de-
moralized, and there Is, therefore, com
paratlvely little opposition TO the decline.
The labor strikes 10 the West continue
the great disturbing factor In the market
The attempt OF the Missouri Pacific
to-day TO move freight trains gave rise TO
the widest rumors from the West, riot
and bloodshed being reported at one
time. Then there were reports OF increas-
ing discomfort on the roads where no strike
exists, and also that Master Workman
pOwderly was likely TO order out all the
Knights Of Labor. While the situation
Is no doubt exaggerated for effect on the
Stock exchange, IL Is nevertheless grave
enough TO give rise to serious apprehen-
sion and until this Is allayed and the present
uncertainty removed the market Is likely
TO continue unsettled and respond freely
to rUmors.
why STOCKS 90 DOWN.
Special TO the Gazette.
NEW York, March u = Jay Gould was
not interviewable to-day. His partner,
w. E. Conner, said: Stocks have gone
down because OF the strike in the West.
That is the sole cause. This Is not q
usual strike and that Is why the effect Is
so marked Men say: "Here Is fight
between labor and capital IN which labor
is clearly in the wrong The strikers
themselves admit there Is no special
reason for their action. The struggle is
then to be a test as to who are TO run our
roads IN this country, the companies or
their employees. 1t is because of this
prospect that stocks are deprecia,ing,
and there Is no telling how long the
trouble may last or how widely ii may
extend. | believe that tile decline of
stocks will last just as long as the strike
continues.
RAILWAY BoND SALES
Special TO the Gazette.
NEW YORK, March 24-Rallway bonds
sold as follows to day; Fort Worth &
Denver City rs at 5sb Houston & Texas
Central at 1854 Missouri, Kansas Texas
IS at n, G's at 900, rs at 1884; Texas 6
Pacific at 81 Missouri Pacific rs at 10;
do SIS at 1873; Texas & Missouri at l0l
Kansas & Texas at 90s; Gulf, Colorado &
Santa Fc rs at l24a do 2's at 1854; gold
G's Mt l03A.
AS compared with the closing prices Of
yesterday the New York wheat market
opened for May wheat lower at 925
June 4 higher az 933
The break In the stock market had
depressing effect upon the speculation in
pipe line certificates, which declined
increase in the volume OF business.
The cotton market showed decline
of points, with sales Of 5000 bales, the
decline being caused by the disappointing
opening Mt Liverpool BY noon prices
had declined to . points below last
nights closing. After that there was
recovery OF 3 TO 4 points, with operators
buying one moment and selling the next,
Coffee was quiet at decline OF about
5 points.
Money on call, 2A61i per cent.
Governments closed firm.
Foreign exchanges weaker, owing TO
the increased offerings OF Short & Cables
actual business, ON the basis OF, SG56
81 for bankers, Long sterling sSA@4 ssi
for demand.
NEW ORLEANS MARKET.
Special to the Gazette.
NEW 0RLEANs, LA, March "a Sugar
Dull; refinery powdered O ll-l6mGlc;
standard granulated 5.lG(dGac; confeo-
TONERS A @ S-lg(eG4c; standard A GAc.
olasses-Steady.
Rice--Unchanged.
Coffee-Qulet
GOVERNMENTS, STOCKS AND PoNps.
NEW YORK, March 2i.--Governmcnt
bonds dull and steady.
Railroad bonds active, but at the eN-
pense Of quotations.
II was another day of activity and fever
ishness In stocks, with heavy break
after midday, part Of which was subse-
quently recovered The opening prices
showed declines from fractions To / per
cent, latter Missouri, Kansas & Texas.
After Il further slight decline in the early
dealings the market became firm and
continued so throughout the fore
noon, tue highest prices 81 the
day being reached shortly before
IL o'clock. The whole market
hangs upon the news received regarding
the strike ON the Southwestern system
and probabilities OF its extending to
other roads, aud favorable or uufavor-
able news equally has had It's immediate
effect upon quotations. After midday,
on statements that the troubles had eY.
tended 10 Chicago there was heavy
break, In which Lake Shore was most
conspicuous, and this, although there
We're no runners OF trouble ON
that line. 1t was the result
OF hammering by the bears, who took
advantage OF the news to depress prices.
New York Central Also sympathized ma.
terially, while the whole list was weak.
Later In the day partial recovery was
established aud the market finally closed
active, feyerish and irregular, at prices
which show losses, Lake shore New
York Sentral h Northwestern 4, 81. Paul
q Chicago, Burlington & Quincy "a, ST.