Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1890-11-13
SPECULATIVE.
Wall Street On Its Feet Again. Conf
dence Being Entirely Restored.
Stocks Which We're Tuesday Sailing Down
ward Now on Their Return Trip-0ur
Securities in London Higher.
THE CALM AFTER A STORM.


action of the clearing house committee
! in deciding to issue certificates on co!lat-
eral furnished by the banks, helped
| somewhat to restore confidence, which
had been shattered by failures and other
startling Developments in Wall street
| Yesterday. In consequence there was 8
better feeling in London this morning
| according to cables received in Wall
| street, and London prices for American
securities were higher than the New
| York closiugs. But all the news from
| London was not OF a favorable character
| Rumors were atlOat that g financial house
| was in difficulties. Many seemed to
! think also that the bank OF England
| rate would be advanced to per cent.
| despite the gold sent to London. The
premium on gold in Buenos Ayres has
advanced to 81 80. and two failures were
| reported on exchange in Rio Janiero.
New York stock exchange opened very
| strong. Correspondents OF London
houses vera the strongest buyers. All
of the large stocks were very strong 4,
| Northern Pacific preferred advanced
nearly per cent. Standard oil inter-
ests were heavy buyers of North Ameri-
can.
The news that Mr.. Gould has obtained
| possession of the Union Pacific was gen.
| orally credited, and added something to
the strength of the market.
Money rates were still high, although
benefcient effects of the issue of clearing
house certificates were apparent in the
greater amount of confidence shown By
money lenders. Rates ranged from 20
per cent. to Il per cent. aud interest.
Two failures were the extent of to-
days disclosures. Neither was i'm
portant.
Many stocks were dealt in under the
rule. Several thousand were bought for
the account of Decker, Howell y Co. I,
which house was short OF many stocks.
Money was offered down in the after
noon, closing at per cent.
Stocks closed very strong.
The silver Offered to the government
amounted to 1852 900 ounces, of which
637 900 ounces were bought at 81 .03 10 to
81 .O3 95-l00.
The important net advances were:
Atchison, 27G; Chicago. Cincinnati,
Cleveland and st. Louis, 81; Canadian
Pacific, l1a; Canada Southern, 23t;
Chesapeake and Ohio, =; Chesapeake
and Ohio Is preferred, ?; Chicago.
Burlington and Quincy, 33a; Chicago
gas, l "a; St. Paul, SO; st. Paul pre-
ferred, ~; Rock Island, 2la; North
western. Is; Colorado co |. B; Hooking
Valley, IL; Hooking coal and iron. / a;
Lackawanna. ia; Edison general cleo
,rirt company, "a; Erie, l38; Great
Northern preferred, "A Illinois Central;
SO; Lake Shore and Western preferred,
AZ; Lake Shore, IA; Lead trusts, l3i:
I sr-il Hoe nH Nashville I5L. nuisrilla
New Albany and Chicago, I; Msnhattan;
4; Michigan Central. 2La; Milwaukee.
Lake Shore and Western preferred, 3las;
Missouri Pacific, Pa; Jersey Central,
=; New York Central, 234; New Eng
land, 81; North America, =; Northern
Pacific, 81; Northern Pacific preferred,
I; Pullman, Is; Reading, rs; Richmond
Terminal, u; Richmond Terminal pre-
ferred, 3; Sugar trusts, go; Toledo, a.
A. and II. NJ, IA; Tennessee coal, 2;
Union Pacific, $50: Denver and Gulf,
231; Wabash preferred, 21s; Western
Uuion, pa; Wheeling ami Lake Erie
preferred, 4; Wisconsin Central. 81.
THE OPENING IN NEW YORK.
NEW YORK, Nov. l2.-The stock mar
ket opened higher, the general lists
shows gains over last night of from to
3 points.
NO FURTHER OCCASION FOR ANXIETY.
NEW YORK, Nov. l2.-An Associated
Press reporter interviewed President F.
D. Happen of the Gullatin national bunk
and member of the New York clearing
house committee. He says: 'Our
committee is now in session signing certi-
fcates, but indications are that the issue
will be very small, not more than So
900 900, which, when compared with the
issue OF S27 900 900 of 1884 is, as you can
see, o mere trite. There is nothing in
the situation so fer as it affects the as
sociated banks that is at all disturbing,
and there is not the slightest reason to
anticipate disturbance in the finances
of this country.
AT THE NOON HOUR.
New YORK, Nov. u -NOou-Mouey
is tight at Is per cent. per day and legal
interest of per cent.
The stock market developed new
strength after IL O'Clock, and prices
rose materially. The extreme feverish-
ness of the first hour still continued, but
tone is noticed all over the lists. Among
the usually active stocks there was less
attention, but the improvement exceeded
per cent. i'll many cases. At noon the
market was strong generally at the best
prices of the morning.
THE NORTH RIVER BANK FAILURE.
NEW YORK, Nov. 12.-The North
River bank, at the corner of Day and
Greenwich streets, closed its doors this
afternoon at 2:30 CLOCK, the state bank
examiner taking charge of its affairs.
The bank is member of the clearing
house association, and is one of the
banks which had to be helped out by the
clearing house yesterday. The bank ap-
piled again to-day to the clearing house
for loau, and the committee was on
the way to examine into the
condition of the institution when it was
learned it was in the hands of the bank
examiner. Ii was learned from an OIL
cial of the Citizens bank OF Elizabeth,
n. J. vino came out of the bank build
ing Tonight, that the bank examiner
was at work oEerhauling the ac-
counts, and that it would take
about eight hours to complete the work.
The bank officials were also present. 1t
was stated that the bank officials ex-
pected to open up for business to- morrow
morning at 10 O'Clock.
Last weeks clearing house circular
showed the North River bank as having
a capital of $40 600, q surplus of SIlS,-
500; loans, 81 900 900; deposits, 81 ,975,
coo, and cash on hand, 270, 900. The
cause of the present difficulty is simply