Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1890-11-08
On WALL STREET.
Stocks Unusually Active. Recording the
Largest Days Business for Months.
Prices DEFINED, How. yer, With Little Cessa-
ton Up to the Close-goney was Tight.
Railroads Steady.
COM MERCIAL RESUME.

: loaned as high as % per cent. on ca
: the lowest rnte was and the closing
a Exchange-Lower, 81 SO1564 S4}a.
! silver-Sl O21s.
SuPar-Raw dull; fair refinin
5-lGc; refined dull and lower; cutIo
aud crushed, 1876.
Wheat-Option. were dull and we.
to-day in sympathy.
Wool-Fairly active; full prices ha
been realized on every sale.
Hides-Steady. Bueuos Ayres, DR.,
l5r; dry Texns, lo@ l3c.
Cotton-Spot steady ;middling upland
92oc. Futures closed to poin
higher.
Coffee-spot lots steady; fair Ric
2Ol2c. Futures closed 5 points higher.
Stocks were unusually active to- day
ana at times a semi-panicky feeling pre-
vailed. Up TO the close COS, III shar,
mad changed hands, which was tt
largest days business in month
Prices declihed with little or no cessa
ton TO the close under a heavy yutpnu
or stocks of all kinds. The selling wa
mniDly due TO the advance in the Banl
OF England rate. the tightness of none
aud general selling out by the smalle
holders. The decline for the day range,
from = to per cent. There were n
failures.
Atchlson Il.
Inc dry goods market continues activ,
al urn prices. There were no feature,
Ill connection With to-day's trading.
HALLWAY BONDS AND CERTIFICATES.
Bonus were active, weak and lower.
Denver, Texas and Fort Worth certiii.
Gates, 37Ia.
Fort Worth aud Denver rs, lO4.
Atchison general mortgage As, 3d..
Atchison general incomes, 5l2I.
Kansas and Texas rs, II.
Kansas and Texas 2's, 42I/.
Missouri, Kansas and Texas rs, 421/
Missouri, Kansas aud Texas rs, II.
IT Louis, Arkansas and Texas ex-
dividend rs, So.
Texas Pacific l's, 90.
Texas and Pacific 2's, 343;.
COTTON FUTURES AND SPOTS.
Special TO the Gazette.
NEW ORLEANS, La, Nov. 7.-At-
wood, Violet 4 Co. 3 report saws.
Futures-The greatest weakness ia
largely in Liverpool. The decline was
10 points. New York, however.
closed l better than yesterday. but We
are points lower than last night. The
feeling here IS more bearish on account
OF the falling off in the spot demand.
The feeling against cotton has peen
added to by decline of Id in silver in
London to-day and the stock market
troubles in New York W here some ,tocks
lost ~ per share. Cotton looks as though
1t would not improve without something
adverse happens to the crop.
Port receipts this week 3O4 100. inte-
rior l6l 400; against 294 400 and l46 POO
respectively last year.
Port stocks 622 800. interior stocks
Al 500; against 655 800 and l95
ooo re pectively last year. F. o. b. con-
tinues 100 high. and exporters are buy
Ing spot, still there is a demand for high
grades at premium above spot Quota
tons. Sales, 2400. Spots, easier. Low
middlins and below, 1sc lower. Mid
ding unchanged. Grades above in de-
mand at full quotations. Sales, HOO.
GOVERNMENTS, STOCKS AND BONDS.
NEW YORK, Nov. THE stock mar
ket to-day. especially during the fore
noon and portion of the afternoon. was
weaker than at any tins since the present |
decline In values was started. and i, |
acted as II the last final raid was in Dro-
sTess. The whole market had a semi |
phhirky appearance and was alternately |
ong and short. Sellers We'd with each |
'ther 10 bring prices down as quickly as
possible 10 the lowest level. The final
prices of the day, however, owing to a
material rally In the latter portion of
he afternoon are not so long as might
'e expected and q few of the stronper
hares are even higher, though only in
ne OF them Is the improve.
nent of Importance. The original
ause of the stampede on the part of
he holders of long stocks Is to be found
D the action of the governors of the
sank of England. who at a special meet
lg held this morning, changed their
minimum rate of discount from 3 tos
er cent, after leaving it unchanged at
Ne regular meeting yesterday. This ac-
on WAS well calculated to cause the
lost serious apprehension on the part of
ie holders OF secureties, as it Indicated
'me sudden emergency the Importance
which was augmented by the unex-
scted action.
Selling by London operators was very
eavv at the opening, ana domestic
'erh:ors construed the action of the
inK US foreshadOwing greater scarcity
money here and the probable further
port OF gold to London, aud thew
med quickly in the selling movement,
hich coon assumed larger proportions .
an have been seen for months.
le city banks at the same
ne aggravated the situation
refusing to lend money on
any stocks, and in some cases on auy q
all. This over conservatism resulted
the bidding up of money to 25 per u
Mt, though afterward when the excite
ent mad been allayed to some degree,
rate went off to legal figures, thus =
the fact that there was
real scarcity Of funds. The close was
ak, leaving most of the list at matte
l losses for the day. r.
government bonds dull. Ia
state bonds entirely neglected. u