Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1888-01-18
COMMERCIAL RESUME.

COMMERCIAL RESUME.
special to tie Gazette.
NEW YORK. Jan. 17.-Railwsy bonds
to-day closed as follows: Fort Worth and
Denver City ct go; Texas and Pa
cffc rios at ca; st. Louis, Arkansas
and Texas rs ct 1921, 2's At A; Houston
and Texas Central general certificates
st 81: Ksnsag and Texas rs st LOG, 5's 8:
Ct; Gulf, Colorado end Santa Fe gold G's
Et974.
Governments firm.
Sterling ssesdy.
Silver, seq.
Money 3te4 per cent.
Ol87.
Cotton firm.
Coffee 8 70 IL points lower.
PANIC IN OIL.
New YORK, Jan. 1.-The oil market is
psnicky sgsin to-day. After g STEADY e1d
calm opening nearly an hour passed witt
cut cloud in the speculative SKY. Then
dealers on the Consolidated Exchange
we're suddenly surprised by the outbreak
Of & storm. Within few minutes the
price OF Pipe Line certificates dropped
from 90E to ss5 A. IL q. N. the widest
excitement prevailed. Toward noon the
market became little better and quota
tons showed 81.
GOVERNMENTS, STOCKS AND BONDs,
NEW YORK, Jan. II The 6uLlpess in
the stock market became unbe2Table TO
some few tired holders Of stocks Monday,
And there WIS 3 selling movement which
was taken advantage OF by the room
traders TO hammer stocks. Their efforts
conferred il Misolri Pac fic, which,
having no ore & support it at
the time, yielded readily, but
the effect Con tle general list
was very slight indeed. There WIS after
the first few minutes Of trading, en- utter
dearth of outside orders CT any descrip-
ton, but the prevailing 0e4rish sentiment
among traders Was felt in the course OF
prices. There wss an effort 20 influence
Western Union by the story that the stock
held by the Baltimore and Olio was like
Iy TO come upon the market, but no marx
ed movement YES noticed. The &c
tive list rallied later IN the
day on very light purchases,
and Union Pbci1c, when had been sold
on the story that Vice-Pcesident Potter
would resign, recovered its loss with
something in addition. Reading was
very quiet all Gay. Anong the low
priced shares Oregon Improvement shot
up quickly on the announcement that the
preferred stock had been offered 10 the
stockholders without Limits and the i'm
preston was that dividends would be
paid Immediately. -
The opening was dull and heavy.
Further fractional losses were sustained
in the early trading, but the general list
rallied slightly before the end Of the ffst
hour and remained stesdy and feature
less. Missouri Pacific Was then ham
mered down while Oregon Improvement
advanced, though most OF its gain was
aiteTWard lost. All character disap.
peSred from the list in the
afternoon till the rally in Uaion
Pacific, which infused little
life into the list toward O'Clock, but the
diversion WAS soon over and the market
closed very dull aud fairly steady 81
slight frsclons under the first prices. Al
most everything is lower and Missouri
Pacific is down 1per cent, but the losses
in the rest OF the list were copfaed to
fractions only, while Oregon Improve
ment Is up per cent.
Tae railroad bond market continues
strong with good demand, principally for
investment. Large sales of such bonds
have lately been made by different syndI-
Gates, and the passage OF favorable
fnanci&l bill by Congress is expected to
have immediate effect on Wall street
Southwestern bonds rose to los, and
Houston and Texas general certificates
10 G..
Government bonds dull and steady.
State bonds dull and steady.