Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1890-05-21
SPECULATIVE.
The Suggestion that no Silver Bit ~
Pass Sets Brokers to Thinkir,
Sugar Trusts Continue to Risp-C,au, sn,,,.,.
Begins to Want to Get In,O ,ss
Trust-Tke Reason.
specisl to the Gazstte.

Special to the Gazette.
NEW YORK, May 2O.-The cbap,. =.
sentiment on the part of the Engll.br,.
who bought our stocks so eagerlv Ia,
week was the most potent factor in s5,,
ing to-day's financial situati,,
The cables reported large decli,,,
in prices of American securities IN -,
London exchange. When our stocs AZ
change opened a number of EDor[,
selling orders were apparent. rbs a.
sire to realize on the recent aivorcs,
and q less secure feeling about the Mil
mate success OF the silver movementv.,,
causes for this change Of heart M,
less confident feeling about silver lerI,.
lation was reflected in a drop in the min,
of silver in London AMI N.T
York. The possibility thar copgr,u
may not, after all, pass the siys,
bill is something which Wall street h.,
not considered at all during the r-ca7,
boom. There are few men in Wall s,rs,
to-day who do not believe that q bill win
be passed, but the recent reports from
Washington seem to indicate that III.
DTt5luGuL hOGs lON ~ sAu ~ SIKH u ION
radical measure. Moreover, there ara
so many chances for bitches AL
delays before the measure mas
become n law that some clrssrrstIys
financiers have stopped a moment sHi
have said to themselves: "SuppO:s no
bill should pass, what would happs1
then?"
The question suggests thoughts not al.
together pleasant to the man long Of
stocks. Nothing has been heard as ys.
of such q character as to cause real sp-
preheusiou, but the sensitive tmidity q
capital is proverbial.
Our own market, following London,
opened weak. Many declines were reg.
istered. There were few uOtabe el.
cepuons, however. Sugar trust,
Cleyeland, Columbus, Cincinnati and
Indianapolis, Atchesou, and TazI
and Pacific were very strOas.
They were practically the whole market,
Cleveland, Columbus, Cincinnati an
Indianapolis was bought on report tali /
@ 81 per cent. dividend is to be declared
next month and "Tights" are to bs Is.
sued upon common stock. The Texas and
Pacific rise was the continuance OF yai.
terday. a number OF capitalists have
been waiting for chance to boom tbs
stock and the increase Of earning re-
ported yesterday, gave them the opP0'-
tunity they have been looking for.
The sugar trusts rise was part 81 Tho
upward movement which has been going
on for some tina past. Recent TumOfi
have added fresh fuel to the burning de-
sire for certificates. Men in the sugar
business say that Claus Spreckle'
desire to go into the trust increases 70
exact proportion to the strength OF Bis
belief that the new tariff will be pGsssl'
He is now able to compete with the IuH
on account of receiving his raw sugar iFss'
owing to the Sandwich islands treaty.
while trust raw sugars have 10 pa!
duty. IL the new bill becomes ia8 u
will lose this advantage, rs oil ra'
sugars will be admitted free. hahV'
rumor has it that he is becoming recon-
ciled to the idea OF going into the !FI'I,
Trading was not active to-day Nss
England was uoticeGblY in the doWn"A1
movement OF the general market.
Money was plentiful at per ceh''
Texas and Pacific securities were pIyI,
inent features of the bond market
announced that the Missouri, Kansas ~.
Texas has secured permanent line Oh"
own into Kansas City by leasing u pa
petuity the Kansas City and Paciho TAU
road.
In the last hour OF business there 81,a
very slight Improvement in prices, w.
they closed generally slightly beo" ~.
nights close. Richmond Terminal wa
strong feature in the evening. , ts
and Pacific lost its early advance. AVl''
was bid up to 10 per cent.