Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1890-11-25
"COULD'S MARKET.Y
This Exclamation Was Heard on all
Sizes on Wall Street Yesterday.
The speculative Market Was strong ami
Ae:!v", bur Little Conf nee is Enter
tan as to 1ts Perm .nency.
sTerisl 70 the Gazette.

| sTeoisl 70 the Gazette.
| NEW YORK, Nov. 24.-The general
market disappointed the traders who sold
stocks on Saturday 10 hopes of getting
them back cheaper to-day. London
pric were strong and this market
opened moderately strong. Selling by
| longs to realize profits and Cling by
shorts in hopes of quick decline caused
prices to fall off in the first hour, but the
recovery was quick and sharp. A,chison
wGs prominen; stock in the upward
movement. Buying of il was attributed
| To Gnuld sources. The failure of Ed
| ward Brandon, had slight temporary
! effect upon the market. Considerable
| amounts of Organ Improvement COM
| puuy's and New York, Chicago and St.
| Louis securities were sold out for his &C.
count under rule at concessions extend
| ing 20 points. the amount OF these
| concessions showed lack of market for
| this sort of securities, and in itself
was n sufficient explanation for
the suspens on of anyone who is
heavily loaded up with them. One of
the surest Indications that times are get
ting into JOINT again is the course of the
st+rl Ing exchange market. During the
heighth OF excitement in London bankers
there refused TO discount bills, conse-
Qu-ntIy there was no market for them
here. An advance of / per cent. to-day
In rates fOr,sixty day bills shows that the
demand for them has sprung up here.
resultant to d greater Willingness on the
part of English bankerf to disc unit
them. Early last week there was II diff
ference OF eight cents per pound sterling
between rctuul rates for long and short
drafts. Now the difference is SIX and
one half cents. The embargo placed
upon export business has now been al
most entirely removed. and rates may
be expected to 20 back to a normal con-
dition. The market for call loans was
easy, owing TO large sums OF money
which have recently been let out in the
street Tor the purchase of stocks, and by
holders who have recovered from
the scare, which compelled them
to keep tight hold on that money.
The average advance for the day
IN active stocks was points. 1t was
u pheuomy strong market. Many
OF the active stocks were lending at a
premium, showing that large blocks had
been taken out of the street and that the
short interest is still large. On all sides
were heard the words 'tGould's mur-
ket.'' No one appeared to have CONT
dence in the permanency OF the advance
in connection with the decline in the
Oregon improvement compauy's stock
A rumor was circulated that a receiver
will be appointed for the company to-
morrow in consequence of the failure of
the company to pay the loans made on
its consolidated bonds.
Important net advances were: Atchi-
son, 80; &. c. &. s ST. L Is; Burl-
ington and Quincy, 2i2; Chicago gas. g;
St. Paul. 275: Rock Island, q; North
western. l5a; Delaware ana Hudson,
~; La.kawanna, /; Ere, -; Erie pre-
ferrrd, l.; Illinois Central, =; Lake
Shore, 10; Lead trust, g; Louisville aui
Nashville IA; MAMMA tan, 2; Missouri
Pacific, 2]]s; Jersey Central, "a; New
England, 3; North American, /; North
Pacific, g; NoIhsP acifc preferred, l38;
Pullman. &; Sending, "a; Richmond
Terminal rr-krrrd, /; Union Pacific, 2;
,s,g Un,Sa' u Wisconsin Central