Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1890-03-21
SPECULATIVE.
Member of Stock Exchange Suspended
for DiSObeying Commission Rules
The Reading Trouble Far from SetffsT-T-.
prOvement in the Financial Situation.
Rock Island Dividends.
Special TO the Gazette.

Special TO the Gazette.
NEW YORK, March 2O.-The monata-v s-r-,.
ton in London shows constant improvement.
The bullion in the Bank Of England increased
44O9. 600 this week, and the reserve increases
&452, 900. Concurrent with this news came PHI.
announcement that rates for sterling svcss--,
had been raised by several OF the p-on.-sr-
houses to 81. SSl4 and 81. $751;. This was m,f,rr
due to the fact that London was stlu a ss..+-,s
our stocks this morning. Moreover, eEc.9-,s
iS undoubtedly low for this time of year on -f
count OF fears of the scarcity of mou-v Ea-rs
exchange rates naturally respond quCE.v Co The
first intimatiOn Of Improvement in our MONETARY
condition. The general impression now IS MI.
the next bank statement Will show o Subs-4--.1f
increase in the surplus revenues. The gain ~
the banks since Friday last, through the sg5-
treasury operations, IS reported at nearly
81 600, 900.
Tennessee coal and iron was q prominent and
strong feature of the limited local market
President Platt states that all differences be-
tween himself and Mr.. Inman aud his friends
have beed definitely and amiCablv adjusted
Sugar trust certificates led the market in
point of activity at prices ranging slightly
below yesterdays closing figures. Decision
on the motion relative to the payment of O 6.---
dend was reserved this morning but the counsel
in the presence OF the judge agreed TO CONSENT
the payment OF dividend on conditions thar
the trustees deposit in a trust company the
amount of accrued earnings due 10 the North
River sugar refining company.
The directors of the Rock Island road h,vs
declared dividend of per cent. PAYABLE MAY
1. This announcement had a buOvaus eT-,.
on this stock which has for so long been uul.-
a cloud of doubt on the question OF the div
idend.
The claim of I. and s. Wormser agai7s.
Spencer Erwin and other members of the Rs4a.rg
pool of which mention was made in thes- COZ
umns several days ago was heard before
the stock exchange arbitration committee
yesterday afternoon The amount claimed wss
5000 for services in negotiating 4 loan of Reat-
ing stock IN London. On hearing il appeared
sequently nothing was due and the charge vas
disallowed. 1t appears that the statement OK the
two WOrmser brothers made separately 90 the
committee did not agree in all particulars. and
that on one material point they fatty COItrIdicLgI
each other, much to the amusement OF the
against Mr.. Erwin for commissions, which was
only disputed as to the exact amount, was s.
lowed to the extent OF $500. It Is stated bv well
informed people that the trouble between the
anti orbin people and the Messrs. WOrmser is
far from settled. The pool operators are threat
ening an action at law for breach of contract and
the claim for damages will be laid at very large
amount.
There was q surprise for the members Of the
New York stock exchange to-day. Il came in
the shape of an announcement from the rOstrum
that Mr.. Joseph A. Blair was suspended from
the privileges of the floor for year for dIsODey-
ing the commission rules. President Bu.l made
a speech to the members. He said that the by
disregard OF them was q surprise to majority
of the brokers. If any members, however, were
in doubt as to the regulations concerning the
commissioners the officers of the exchange were
always available and ready to enllghteu them
MIR. Blair and his friends VIII endeavOr 70 secure
mitigation OF the sentence, which they regard
more severe than warranted by the clrcum-
stances OF the case.