Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1890-12-09
Take Saxet for scsofs1fas
SPECULATIVE
The Stock Market Opened Strorg. but
Closed Weak and at Declines.
EQUAL to About so Per Cent Per An
num-1he Days Resume.
Special to the Gazette.

Special to the Gazette.
NEW YORK, Dec. s.-The local stock
market opened rather strong, London
not having come quite Gown TO our low
closing prices on Saturday; hut there
was no buying power and prices soon fell
of, so that for twenty active stock the
average price was this morning the
lowest since 1888. Call money WIS very
high, the rate went up 90 per cent before
! O'Clock. More commercial failures
were reported. The noticeable feature
of the day was the decline in
gilt edged stocks, as for instance
Lake Shore, which declined 8 per cent.
This was attributed to selling by invest
ment holders who had to have money.
Atchson, Union Pacific aud St. Paul
were the most active stocks of the day.
Union Pacific touched the lowest figure
since 1882. St. Paul and Atchison did
not quite reach the low figures of three
weeks ago. Northern Pacific preferred
and Rock Island were anony tie strong
features. Sugar was weak and light
transactions. The morning ) market was
an active one. Chicago Exchange
was ct 10 cents premium, showing u
III iuN VI VI We" OIh ue
treasury transferred 5000 600 gold from
the city to Philadelphia, and S2l0 200 to
New Orleans on Saturday. Sterling e1-
charge was very weak. Brown Bros.
reduced posted sixty day rate cents on
the pound, and demand rate / cent.
Rates for actual business declined half u
cent on the pound. Further imports OF
gold seem inevitable, especially as there
has been no stiffening of London money
rates. Cables announced that 81 $50 900
gold had been ordered i'll London for
shipment on Wednesday next. In the
afternoon money advanced to Il per
cent and interest, equal to about 80 per
cent per year. News from Washington
caused a rally in the last hour, on which
the market closed comparatively strong,
although at closing prices were heavy.
Selling by investment holders was shown
by the weakness of the market.
Important net changes were: Adj
vanced-Burlington and Quincy, /: st.
Paul. IL; Rock Island, rs; Illinois
Central, /; Northern Pacific preferred,
ia; Union Pacific, l34.
Declined - Atchison, "a; Canada
Southern, Il; Chesapeake and Ohio, lst
preferred, .; ST. Paul preferred, y;
Chicago and Eastern Illinois, L; Della
ware anu IuuSon, "a LecRaWanna, .;
Edison q. E., s; Great Northern pre-
ferred, 4 K; Lake Erie and Western pre-
ferred, 8; Lake Shore. /; Lead Trusts,
"a; Louisville and Nashville "a; Manhat-
tan, y; Missouri Pacific, l2s; Jersey
Central, 215: New York Central, q;
Pacific Mail, q: Pullman, 81; Reading,
11a; Silver Certificates, "a; Sugar Trust,
So; Western Union, q.
WINDOWS CIRCULAR.
NEW YORK, Dec. S.-WalI streets
opinion of Secretary WINDOWS circular
of Saturday evening calling for pro-
posals Cor the sale of So, 900 600 of per
cent bonds as expressed this morning is
favorable rs affordIng some relief in its
monetary stringeney, but still more 80
from Window statement in an inter-
view with the New York Suns CORES
pendent at Washington published here
this morning, that the Sl7 500 900 frac-
tional currency in the treasury 'might
be paid out in the purchase of bonds
Wall street regards this as an intima ton
of future early action in this direction on
the part of the secretary. "a; Az