Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1890-11-15
SPECULATIVE.
A Tendency to DullncSs Prevailed il
New York. Il Favorable indication.
Resume Of Important Advances and Declines.
A London Failure RumoraG- report OF
the Clearing i!cuse Chairman.
Special to the Gazette.

| Special to the Gazette.
NEW YORK, Nov. 1.-THE stock mar
ket generally was weak one. nearly
| every stock GU the list opened down.
| Delaware, LackHwanra and Western
WAS extensively sold. This is one OF the
few stocks which has, comparatively
| speaking, held it, own during the receu.
collapse. Northern Pacific WIS weak
| this morning. The impression seems 10
prevail that the securities are still in
Hated, Notwithstanding the prosperity
and promise OF the ro6d. The uncer-
| taintY es to the extent 10 which the road
| is Involved with Willard and with the
| North American company also acts is il
disturbing factor.
The most favorable indication of tha
| day WAS the tendency of the market to
| dulIne5s.
A Liverpool cable announced the ex-
! pectec failure OF large financial house
interested i'll South American issues
| London cables announced that 200 ,000
| cons Is bad been sold to-day.
Premium on gold in Buenos Ayres adj
| vanced II per cent.
Northern Pacific preferred per cent.
| dividend Will, it IS stated. be declared
| next week.
The market closed very weak. The
very heavy selling of Northern Pacific
preferred was understood to be III liquid
| atirg of leans.
Important changes were: Advanced
| Central Pacific and Hooking coal and
| IRON, /; Illinois Central and Pacific, =;
! North American, q.
Declined -Atchison, Ia; Cleveland,
| Chicago, Cincinnati and st. Louis, 81,
| Canada Southern, -; Chesapeake and
| Ohio first preferred, IL; Canada south
EN- second preferred, 2: Burlington and
Quincy, "a; Chicago gas, !: ST. Paul,
"a; st. Pau! preferred II, Rock Island
/; Northwestern, i; Colorado coal.
2Ii Lackewanna, IA; Erie. l.; Lake
shore, Lead Trust, 3 Louisville and
Nashville, 2sl Missouri Pacific, Jer-
sey Central, "a New York Central, "a;
New England, /; Northern Pacific, 3
Northern Pacific preferred, 2a.; Pacific
Nail, -, Reading, III Sugar Trust,
25s =; Toledo and Ann Arbor, Ia; Union
Pacific, - Western Union -; Niscon-
sin Central, IL.
The rumor was current IN Wall street
banking circles this afternoon that Bar
ring Bros. s. CO.. of London had failed
but that their business was t. be taken
care OF by another wealthy banking
house. kidder, Peabody & Co., their
agents IN this city, said they had heard
nothing of il and did not believe it.
T. ID. Happen, president OF the Gala
latin bank, and chairman of the clearing
house and loan committee, said this aft
eruoon that ail the banks were in good
shape, and that everything was in most
satisfactory condition. No more loan
certificates had been Issued, none had
been asked for, and there were no signs
of any being asked for.
A Boston special SAYS the course OF st.
Louis and san Francisco first preferred
which was zoe bid Tuesday, 90 bid
Wednesday and IS bid yesterday, indi-
Gates some change in the character OF
stock in future. Atchisou As ere SOL.
SECRETARY wI.SDOM s SCHEME
Reports from Washington say that
Secretary Window has under earnest
consideration a financial plan for the
issue of new coupon per cent. bonds in
large and small denomination for an in
definite period, for which the govern
ment will maintain a perpetual market
al unchageable prices. HIS theory is
that this would be & safety valve when
money is scarce and permanent invest
ment when money is plenty.