Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1890-12-05
ON WALL STREET.
The Stock Market Was Dull and Prices
We're Weak Throughout.
Union Pacific the Leading Weak Feature,
Closing Ona- Eighth TO Two and Three
Eighths Cents Below Wednesday
COMMERCIAL RESUME

| COMMERCIAL RESUME.
Special to the Gazette.
| NEW YORK, Dec. 4.-Money-On cal
| closed easy to-day at 4 per cent. the
| lowest was SO and the highest G.
Exchange Steady; closing rates
S4.s3@4.8s.
Silver, 81. 042s per ounce.
Sugar-Raw, dull at previous prices
refined steady.
Wheat-Options were dull and closed
with but little change. spot lots NOM
inal.
wooi-Continues dull with prices
steady and unchanged.
Cotton-Spot lots steady: middling up
lands, 9 7-l6. Futures closed to {
points higher.
CofTee-Spot lots steady; fair Rio, zoe.
Futures closed firm, to 10 points
higher.
Hides-Firm; Buenos Ayres, dry, 15c;
Texas, dry. 10@l3c.
Stocks-Were dull to-day and prices
were weak throughout, under the lead
ership Of Union Pacific, mich was closely
sold and declined sharply. The selling
was due chiefly to the heavy decrease in
the October earnings of the road, and it
was argued that If earnings for the year
Increase in a like proportion receiver
ship could not be avoided. The closing
prices were 3 to 238 lower than yester-
day
The dry goods market was fairly active
to-day and prices steadily held. There
was no feature in connection with the
dealings.
RAILROAD BONDS AND CERTIFICATES.
BOnds-Quiet.
Denver, Texas. and Fort Worth certifi-
Gates 81
Fort Worth and Denver rs, 100.
Atchison general mortgage As, S012.
Atchison incomes, 53lE.
Kansas and Texas Is, 49,.
Kansas and Texas 2's, Ssh
Missouri, Kansas and Texas 2's, $751;.
Missouri, Kansas and Texas rs, 49,.
Texas Pacific rs, So.
Texas and Pacific 2's, 81
CoTToN--FUTUREs AND SPOTS.
Special TO the Gazette.
NEW ORLEANS. La, Dec. e. At
wood, Violet s; Co. say:
Futures-Light receipts seem TO be the
stimulating influence in all the markets.
Ii begins TO be 9 question between hold
ers of actual cotton in the South who re-
fuse TO market 1t freely at the present
prices and domestic and foreign buyers.
without an active demand for spots
there can be only one result where
premiums are excessive, as when con-
tract month becomes current, premium
will have more than disappeared. This
applies particularly to a year like this,
when low grades are superabundaut, and
also applies whether the market ad-
yances or declines.
There IS no doubt interior stocks are
rapidly accommodating, and when unload
ing begins it Will be general, and of
course large port movement will fol-
low. The market may further improve if
light receipts continue. Liverpool ad-
vanced points, New York and New
Orleans and respectively from last
closing. Port receipts to-day are "a, =
200, against AZ, 500 last year.
f. o. b.-Demand good. Texas too
light vet. Sales, POO bales.
Spots-Demand good, offerings very
poor; market very steady for all desir-
able cotton.
GOVERNMENTS, STOCKS AND BONDS.
NEW YORK, Dec. 4.-The financial
situation still continues very unsatisfac-
tory, both in Wall street and in the
country, and large buying for long, and
especially OF margin, are little indulaed
III at present, the best advice of the
brokers being to await such time when
there will be a suffciency of time money
to be had to insure their ability to carry
stocks for a reasonable length of time.
The most encouraging news the day
was that from abroad, and it showed
the situation there was so much itn-
proved that the Bank of EngiaI d reGue ed
It's rate of discount from + to per cent.
while prices of American stocks were all
higher. Domestic averages, however,
were not so encouraging, and the de-
crease in the earnings of the Union Pa
cific WAS an influential factor in the
course of prices.
The opening of the market was made |
at prices under the influence of the news |
from the other side, but the buylng |
had no life, and bears and |
traders were soon enabled by severe |
pressure of the short stocks concentrated |
ut certain points III the list to change the |
temper OF speculation again, and after !
the first few minutes dealing weakness |
was the ruling feature in the market |
Until the final half hour, when the clos |
ngsofssfiorts put at higher prices, gave |
some support to the list and caused slight |
reaction from the lowest of lhe day The |
close was quist and fairly steady at u |
slight reaction from the lowest prices.
Railroad bond-Lower.
Government bonds--Dull and steady.
State bOnds-Dull and firm