Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1890-05-07
SPECULATIVE.
Trading Not so Brisk as on Monday,
But the Market Was Strong One.
The Disappearance of Washington QuInlan
with Well Established shortage
Cause no Little WOndeFmsnt.
Special to the Gazette.

Special to the Gazette.
NEW York, May CA slight reaction followed
the buoyant opening of the stock market tn is
morning and prices fell off all along the line
but they crept back again and by 10 clock gen
orally showed marked advances over last night s
clOsings.
London's favorites were Atchison, Ore
Nashville and st. Paul Atchison's
gross earning for March show an increase OF
s6IO, 269 and net increase of s51s, 257. The re-
markable buoyancy OF this stock and rapidity of
strides toward so are in strange contrast TO It's
utter hfelessness two months ago.
The gains in Texas and Pacific stock in the past
day or two have been nearly as noticeable as
Atehison: They Received slight
set back on the announcement to-day
o. decrease OF S466l in earnings for the fourth
week IN April owing to floods caused by the
breaking of the levees. Tee earnings for the
month, however, show an increase of S22, 359.
sugar was remarkably strong to-day.
Oregon and Transcontinental was strong and
active.
Trading was not so brisk as it was yesterday.
During the last hours the leaders of the market
developed great strength, notably Atchison,
Oregon and Transcontinental, Northern
Pacific, common and preferred, Chicago
gas, cotton oil securities and Lackawanna.
Silver was weak.
Railway presidents were in session at Chicago
to-day considering further suggestions for the
committee, which will attempt TO restore rates
on Thursday.
Cotton oil securities have been very prominent
for the past two days. Trust company receipts
for certificates were among the most active fea-
lures of to-day's market. The common pre-
ferred shares were traded in to some extent, also
dealings in trust receipts brought to public
attention large numbers OF receipts still out
standing, which have not been exchanged for
stock in the new company.
The disappearance of Washington Quinlan
was topic of great interest on the street, and
the fact thst his shortage of stocks is estab
Hshed at 1000 shares makes the matter important
enough to warrant reference TO 1t in this column
of financial causes and effects. The bidding
of any such amount of stock under the rule, is
apt to have marked effect on the stock market.
The evidence however in the present instance
that the strength of our market yesterday was
in very small measure, IL at all, due to this buy
ing. In a narrow market the effect would have
been very pronounced. Between four and Eve
thousand more shares Of stock. were bought in
under the rule to- day for Mr.. Quinlan's &C
count, principally Louisville and Chicago, Bur-
Hngton and Quincy. Formal notice of Mr.. Quin-
lan's suspension from the stock exchange was
made this afternoon.
The general passenger agents did nothing at
their meeting in Chicago except to talk about
an agreement. Until an agreement
is completed and adopted 1t is said
That nothing will be done about restoring rates.
Money rates have been fairly stiffened the past
few days. In the last half hour of business to-
day it was discovered that there was scarcely
any money on the board to lend, and the rates
ran quickly up to 10 per cent.