Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1886-12-16

.r "tivto tuc euu OF tue nrst hOur.
out the pressure was sRain renewed "A
stocks which had held M
under the first "stump" then o.ve
y way with q rush. Toward the en- o7,he
session both bulls and bears became
alarmed ~ the magnitude OF the decline !
and buying orders were freely given ont |
resulting 10 marked coverv over 49, i
entire list. II was also reported that
several Influential operators who had bee,
icredited Of late With desire to see a m
terial decline bad begun to buy. This =
aueed tne Tree recovery Of sales, WI - -
neiped the maj rally. The money ou
ket was extremely bard, the -
running as high as rate
per day and interest. Onl, point
failure was announced on the one
although Iumors If others were posru
one time. The delivery hour % ~ilek at
no further announcement of y eu WIN
and much better feeling e ~, nature
sion OF the room. The opef on posses
tr' mely weak, the decln, ~ was eA-
evenings figures exceeding rom Ias
for large number OF activ ~, per cent
,,ons - "a" ,s avn a. T. he trsusac-
nous Tha go nOur we're enor-
49, e' foJ the drst
Ia.een MINUS app -oximt tied l75, 900
~ 80 go COO ooo Jour 20 $1,000, aud up
bonds No al shares had changed
minutes ranged ~ tns ma, sne n1s rs rev
the end Of the 0 ,st hopr n, tomS ,I'i
occurred gtapf era. the ~ IT, "a
ouIon "o n.y. displayir q considerable
s s'Iens.n market yas feverish and
hlegula,i ~ 6ever, and another "stump''
, soom io', , ID, Nav Rnf ;land and r aiding
lsauins WV decline. Tt 80 extreme activity
was Ais ,ly decrease after l2 O'Clock.
aeoUlnpa aied by slight recoveries in some
stooA, The downwaI d movement, how
eseI, ss again resi- lined, Manhattan as
sum- sun a the lead u the last hour rally
.oCA place and mate rial advances over the
"a. ,dS BguFes were n covered The market
r. Sed Hctlye 6r. firm at the recovery
Ae total sales " the day were .0Ss 43l
hRres. Jersey Central is the only stock
ON the active list showing an advance, It's
lgain Tor the any being New England
! lost 81 West Point. ca;
Recalling, 81, Manhattan and Ten,
I ne-fee Coal and Iron, 8 per C mt. |
each; Omahn, j Missouri P4ciGc, 81; |
Canada Southern, 81; Llckawauna, 81; !
Hooking Valley, 49,; Pacific Mail, 81; |
Michigan Central, 3, and others from 10 |
% l8 points
Railroad bonds were completely over.
fshadowed by the excitement in the share
ahhihtNt Hbh WIN exception Oh "a lew /
Y speculative issues trading was devoid of
Interest. Atlantic & Pacific incomes,
Fort Worth Denver rs, Denver & Rio
Grande rs, aud Texas & Pacific Income
trust receipts, absorbed the entire
interest among bonds Prices, no viewer,
sympathized closely with the movement
in stocks and with one or two exc, ptlons
were weak throughout the day. Denver
& Rio Grande As lost 2, at 7Gb. Houston
& Texas Central 2's los g. at 90; Texas
&Paclhc income trust receipts lost 8, az 81.
TUE BANKS DID 1T.
NEW York, Dec, Is "A prominent
oroker saiu the break in prices this morn.
ing was the result OF a very conservative
policy adopted by the banks for the past
week or mJre in regard TO loans.
They have been charging 6
az per cent. on good stocks aud SAILS
per cent. on special les; also that brokers
being unwilling b. carry stocks at those
figures called on the holders for more
margins This brought out large selling !
orders, and as prices fell more stock :
lame out, resulting to-day in almost
panic
MessrS Kuhn, Loeb & Co. have order
ed shipment Of sl,0000U0 gold from
| London, and Seligmaus have ordered !
3 900, 600 francs from Paris, the exchange !
market having come down to the ship ,
ping point. ,
INTERSTATE COMMERCE.
Al ls Claimed In certain circles here that |
the alleged disastrous effect which the :
Interstate commerce bill In its present +
shape IS expected 10 have on railroad in r
terests OF the country, had considerable q
10 90 In creating the present depression. :
VIVA rumors are ahos regarding banks. /
but they can be aced to no foundation i
Representative Of The Associated Press !
mas Just visited several of the prominen, q
banking Institutions aud has been assured 4
tnat there Is no trouble in any OF the as b
soclated banks. Some few small broker h
firms have been caught on eyery side of !
the market, but they made private settle. 4
mentH. No further suspensions are an @
uclpated at this writing. The market at n
lts lowest s1owed,a decline Of from 4 to I,
10 points all along the line. r