Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1890-11-20
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4.1.asR.aEsEfsfE1NG EASIER.
The Financial Situation Improved, Both
at Home and Abroad.
New York Banker Talks 10 a Gaz tito Nan on
the Outlo"k-All Manner of RumOrs
Afloat-stock Dealings.
STOCK EXCHANGE RESUME

| STOCK EXCHANGE RESI- ME.
| Special 10 the Gazette.
New YORK, Nov. l9.-The stock ex-
| change opened very weak and fererish
De cline in stocks corresponding to thos ;,
in London were quickly reported. and
there was more pressure of stocks for
sale. After this had been conducted for
about half an hour cables OF a more as
suring nature began to come from Lon
don. Bears aud out-of-town investors
began to buy and prices rallied quite
naturally. The rumors of the failures Of
Wall street houses, which were rife yes
terday, were still floating about this
morning. Reports were also circulated
that the houses supposed to be strongest
In the street, were about to fail. Some
of these absurd reports were traced to
Chicago sources. Officers of one of the
leading trust companies stated that
rumors that the new trust company was
In trouble are without foundation, and
probably arisen from fear concerning the
condition OF an investment company out
side of town.
Money was easier to-day. The conduct
of some of the more public spirited
banks and other money-lenders seems to
have shamed and timed the selfish ele-
ment. The possibility of an advance in
the Bank of Euglaud's discount rate
caused an advance of y per cent in the
rate of sterling exchanges. Further adj
vances of the Bank OF England 3 rate
will, it is Toured, draw gold from this
country, particularly as nothing is done
by our government to keep its gold.
Stocks continued to advance, some
rising above yesterdays closing. Pa
citio Mall was very strong. Stocks were
in great demand for delivery, owing to
the taking away OF stocks by investors
and the refusal of some houses to loan
stocks.
The market was very strong in the
afternoon, nearly everything advancing
above yesterdays closing figures. Jer-
sey Central recovered 10 points to par;
Burlington advanced over points.
The important net changes were: Ad-
vanced-Cotton Oil, 2; Atchison. 75&;
Cleveland, Cincinnati, Chicago and st.
Louis, |; Burlington and Quincy, 258;
Chicago Gas. *; St. Paul, y Rock
Island. q; Colorado Coal, 234; Della
ware and Hutchson. 215; Lackawanua,
-; Illinois Central, 80; Lake Erie and
w ohiein picieiicos i/2, LoulshHic duu
Nashville, =; Manhattan, 215; Jersey
Central, 81; New York Central, II;
North American, L; Missouri Pacific
preferred. "a; Pacific Mail, 81; Rich
moni Terminal, q; Richmond
Terminal preferred, 10; Silver Certif-
Gates, L; Union Paolio, II; Union
Pacific, Denver and Gulf, Ia; Wheeling
and Lake Erie, l5s; Wisconsin Gem |
trial, /.
Derlned-Canadian Pacific, IL; |
and Ohio is preferred, 2; |
Lake Shore. "a; Lead trusts, Il; Michi-
gan Central, "a; Missouri Pacific, u; |
New England, u; Pullman, ?; Sugar
trusts. Is.
A BANKERS OPINION.
Special to the Gazette.
NEW YORK. Nov. 81. Edward SIM
nous, president of the Fourth National
Bank, SAID to The GAZETTE reporter
this afternoon: 81 think the ituation is
decidedly better. There were some dis
luleting rumors from London last night,
gu. more favorable reports have been re-
,eived to-day. Several foreign ex-
change brokers Informed me to-day that
heir advices from their London houses
o-day were of q very reassur.pg char
icter. know of no complications to
.ause uneasiness. There may be some,
" course, but l do not know of any. OF
curse the atmosphere can't be cleared
n moment after such an experience as
Fe have passed through in the last few
iuys, but the outlook is decidedly better
o-dsy. l heard q report that another
london house, having liabilities of $500.
100, had been tlded over its difficulties
~ IN extension of time. do not know
he name of the firm. but l was assured
o-day bv a man who did that the house
vas weak anyway. and that if 1t had
'een allowed TO fail the failure would
lot have much If any effect upon the
market in London or here. This market
las, think, weathered the storm pretty
uccessfully.
BOSTON BANKS.
Boston, MASS. Nov. 19.-Some six
r eight banks have applied to the clear
ag house com mittee. and have received
ertitcates to the amount OF 81 .2aaSD08s