Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1886-12-23


not declined, there is tendency toward
weakness.
Apples and oranges are higher.
THE STATE OF TRADE.
Special kilograms TO Bradsueet's re-
port that general trade in wholesale lines
is only seasonably active. The approach
OF the holidays stimulates the retail de-
mand, but dealers in many instances are
purposely reducing stock prior to taking
Inventories. The volume Of merchandise
distributed is, however, In excess OF the
total one year ago. Mercantile collec.
tons are somewhat better in all direc.
lions except In the upper Mississippi
aud the Missouri river valleys, where
farmers incline TO hold their grain in
stead OF selling at rates current there.
Aside from the leading Eastern specu-
lative ceuters, bank clearlngs have been
inclined to reflect the declining nature of
the volume OF tiade. At Chicago there
has been decllue OF 81, zoe, 900 and at
PitIsburg 100000. New Orleans aud
San Francisco are exceptional 10 report.
ing a brisk trade, showing 81 500, 0C0 and
Sl,000,000 Increased cleaiings respec.
lively. New York's increased clearings,
Sll3, 900, is caused largely by the
speculative excitement OF the week, as
are the gains of $40, 100000 In Boston,
$3,400,000 at Philadelphia and 81, 700, 600
at Baltimore, The total bank cleariugs
at thlrty-wo cities for this week,
exclusively reported by wire
to Bradstreet's is Sl,34s,S4 l75,
against 81, 22G, 9l7 ,544 last week. and 81, :
12l 1916 24l in the third week in Decem-
Der, 1856, gain of Sl22, 600, 900, or 10
per cent on the week, anu S227 1929 900,
or 20 per cent. on the year. Money has
been closer at most other large cities
owing to the late manipulation Of money
at New York. At Kansas City funds are
returning from the country, bat at Chi.
cago the interior request continues heavy.
| Specially reported gross earnings OF
eighty-one railways for eleven months ag-
gregate S270, 900 In 1886 aud S24s,-
35l, 900 In 1885; of sixty -eightrail ways Tor
eleven months Of 1884, S277, 1873, 1893. The
gain In 1856 over 1885 is $40 per cent.
Taking advantage Of the unwarranted
advance in comparatively valueless stocks,
the growing strlngency Of money and the
fears entertained by the interstate COM
merce bills bear combination, comprising
some OF the biggest operators In the New
York stock market, was formed and sue
cessfully attacked prices, breaking them
down and creating liquidation which
nearly approached panic. The move
ment eliminated on Wednesday, wen
the whole list sold off from 20 TO 80 points,
the Don-dividend payers suffering the
most and dividend payers the least. A
rally followed IN which tue bears COW
cred, leaving the market in an unsettled
condition, in which II has remained
since, continued liquidation being
in progress The transactions of
the week "wednesday, 1000 600
shares, the largest dayis record In the his
tory OF the Exchange) foot up 1885,
! SO shares, against 3,ll5,34I shares the
preceding week, anG 3,430,37l shares the
same week OF II 1885, nds shared in the
depression of the stock market though
| investments remain firm. Transactions
for the week we're 1854 500 in value
against Sl2, 6l0, 900 last week. Manipula-
tiou, with feeling of uncertainty created
by the break put loans to very high rates
Rates for call loans have varied from
per cent. to that rate, with bonus Of 1
per cent, to per cent. per day added,
On Friday better feeling prevailed, and
the last loans were made at 2 per cent.
Foreign exchange was completely de-
moralized. Drawers could not s. Il bills,
and cable transfers sold below the gold
point at S4Sl.
Pig iron at the West is relatively higher
than at the East Lehigh and North river
furnaces are booking 1887 orders rapid :
at $40 for No. /. Higher prices are ex'
pected next year, Rails are selling a.
$50, and S37 is talked of. First and
second hand dealers In dry goods art
quiet, with no change looked for prior 70
January /. Some makes OF brown and
bleached sheetings have been ad
vanced 4@1c. The export demand
exceeds That OF last year, The
outlook for higher prices for woolent
Is brighter, but tapestry Brussels
carpets are off 2Ic. per yard, owing u
heavy competition. Raw wool Is quiet
Holders are Arm and manufacturers ar,
waiting. Wheat showed renewed firm
ness, with advancing prices after de
cline on free selling early in the week
: Flour Is quite firm, patents and bakers
leading, owing to the increased emanC
for export. Hog products have ceased Z
take their cue from grain for the moment
and, with declining receipts OF hogs at thu
West and fair speculative and expor
demand, have advanced. The Louisisni
I sugar crop is now placed at between l40,
600 and I50000 hogsheads. Sugar j
5-IGc higher at New ORLEANS within tw'
,, weeks aud lower (yellow) at San Fran
cisco. At New York demand 10
refining is slack on lower bee
quotations from London. Rio coffee !
off, &c bid on the week. There has oeel
excessive bull speculation, reaction
with steadiness following at the clo'
Yesterday. Stocks here are very low au
receipts at Rio have decreased. Tn
total failures In the United States re
ported to Brsdstreet's this week are 2si
against 200 last week, 2l7 In 1856, S05 !
1884, and $50 IN 1883 The total TIL
year to date is 1901, against 10 69l la
year decline Of 1907, 0,6s0 in 1884, an
967l in 1888, Canada has bad 1889 III
year, against 1911 last Bradstreet's.
Ike; Great Republic, 10.
FG9S-g3c per dozen,
WIG * --(lrauQpH.f N