Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1890-11-12
material gain. were scored all along the
TILE OPENING IN LONDON.

| Is buying TO close bear accounts.
Money was much easier, owing to
rumor that much gold has gone into thu
Bank England.
At 80 p. m. the tone Of the marke
was better as compared with last night
closing prices. COnsOis for both money
! and the accounts show an advance of "A
American railroad shares have adj
vanced Z to 4 per cent.
PROMINENT BROKER sUsPESDs.
New YORK, Nov. ll.-Charles II
Whitney, T. prominent broker ana {
member Of the stock exchange, has jus
suspended (10:50 a. M
Charles II. Whitney x Co. represented
here the Whitney national bank of New
Orleans, and some other Southern fiuan-
cIal Institutions. The firm is composed
of Charles II. Whitney, Edwin S,
Larcher and Frank X. Larcher. The
assignment was to George W. Quintsrd
No preferences.
THE WHITNEY NATIONAL BANK MOI
AFFECTED.
NEW ORLEANS, La, Nov. IL In
answer to the Associated Press inquiry
the whitney national bank has issued
the following statement with reference
President aud directors OF the Whitney
national bank officially state that the
suspension of c. II. Whitney & Co. OF
New York only affects the Whitney ma
tional bank to the effect of 81 80. 81. The
Whitney bank is not now, nor has it
ever been, directly or indirectly inter-
ested in the firm of c. H. Whitney * Co.
or their transactions. A small compli-
IAN IN hpo ypir
IL. Whitney * Co., the national bank of
commerce being the New York cor
respondent of the Whitney national
bank.
c. VI. Whitney is large stakeholder
IN the bank which, although COMPARE
lively new one, has been a most sue
ested in the Whitney iron works and
Baker, Sloo S Co., large saddlery
firm, but both concerns claim they are
not affected by the failure.
SILK IMPORTERS FAIL.
NEW YORK, Nov. 1.-The assignment
reported OF John T. Walker & Son, i'm
They are rated by Il. q. Dun Il Co. at
over $500, 900.
The cause of the failure of John T.
teas, was inability of Nightingale Bros.
" Knight of Patterson, \. j., silk
manufacturers, to liquidate their liabili-
ties to the firm. According to Assignee
Ryles, the Patterson firm owes the
estate of John i. Walker & Son
$40, 600, of which 500 900 is
overdue. The active capital of Walker
Il Son for the past two years
ha "a a hor
unable to Withstand the loss. The liza
blities are about 81 100. 900. and NOM
innl assets about 81 300 900, com posed
of $500 900 in merchandise and $500 900
worth OF accounts and bills receivable,
of which over $500, 900 is due from
Nightingale Bros. L knight.
GOLD EN ROUTE TO LONDON.
NEW YORK, Nov. 1l.-After the an
Whitney aud the break in North
on receipt of private cables
announcing that f3 900 900 in gold
was on the way to London from the con-
that center. Vanderbilt brokers were
heavy buyers of Union Paeifie.
DECKER, POWELL & co. FAIL.
Decker, Powell & Co. A Broadway, has
been announced on the stock exchange.
MORE QUIET IN LONDON.
LONDON, Nov. l1.-At this hour, 2:30
p. IN. the stock market is more quiet,
and prices steady. The account has
been pretty well arranged. 1t reveals
that several stocks are in better position.
Rates for the continuation of loans are
m nj for
ported, aud it ia that of small firm of
brokers.
PHILADELPHIA SUSPENSION.
PHILADELPHIA, Pa, Nov. 1.-THE
stock brokerage firm of Narr s. Friend of
this city suspended to-day. They say
their embarrassment was caused by the
continued drains produced by the active
of the past ten days. The firm
They are unable as yet to make state
msnt of assets and liabilities.
DAVID RICHMOND GOES UNDER.
NEW YORK, Nov. 1.-THE failure of
David Richmond is announced on the
stock exchange this afternoon.
TO RELIEVE THE MARKET.
NEW YORK, Nov. 1.-THE clearing
house held meeting this afternoon to
help out the Bank Of North America,
North River bank aud Mechanics and
Traders bank the same as they did in
1874 to help out the Metropolitan bank.
The three banks were short at the clear
Ing house 81 400, 200. 1t is understood
that the certificates issued will be secured
by the stock of the banks and cash. This
action of the clearing house is expected
10 make money easy and relieve The
market.
DETAILS OF THE DOWNFALL.
NEW YORK, Nov. 1.-THE excite
nent to-day in Wall street was greater
han on any previous day since the pres
,nt decline began. and while the down
ward movement in the general list was
lot as large as usual, the unusually
heavy drop In Willard street stocks made
Up for the lack of movement In others.
The power Of the bears was concentrated
o-day upon Willard shares, aud stocks,
Is rule, would undoubtedly have
advanced had it not been for the de-
pressing influences of the slump in those |
hares. The movement probably winds |
10 the last combination In Wall street |
md stocks being well distributed ana the |
-eneral business of the country in pros
,erous condition when the adjustment |
# the existing railroad differences be- |
ween railroads has been brought about, |
nd easier money market assured, there |
Eill be an Improvements in the stock
narket.
The news of the morning was all of q
avorabla nature and Tho Arsf moo 70