Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1890-08-16
SPECULATIVE.
Silver, Its Present Condition and Future
Probabilities Causing Agitation.
Change of Sentiment in tue Stock Market
Becoming More Marked-Slight Cloud
Regarding the Money Market.
Special TO the Gazette.

Special TO the Gazette.
Nav YORK, Aug. l5.-With silver strong
sl.l45s as it was before II O'Clock this morning.
it was only natural Wall street should be moree
than ever interested in the problem which the
government is now trying to solve. The secre-
tary to- day made another purchase of bullion as
required by law. The course of the market to-
day seemed to bear out the statement of ex-
tremists that the secretary made mistake in
not buying larger quantity of bullion at or
even above 81. ID. Silver closed last night at
ST. 1884 and opened this morning at Sl.14I3.
Gables from London showed the silver market to
be strong and active at 62i4652hd, full
point in advance of the price telegraphed to the
secretary of the treasurer at the time OF his pur
chase of Wednesday. Silver brokers were en-
gagged this morning in calculations to Tx their
offers. 1t is almost certain no offers will bs
made below S1.l5, and if the London market is
not tempered with it may even be above that
price. 1t was said Wednesday all of the gov
ernment's purchases that day had been made
from the West. 1t has been ascertained since,
however, that 500 900 of the s5l0, 900 was really
spent in this city The outbreak against the
secret policy of the secretary as to the prices
paid Is having effect at Washington, and it is
said to-day the policy may soon be chang ed.
The strong impetus which the stock market
received yesterday afternoon carried prices up
still higher this morning. The change OF sentI-
ment is becoming more marked each day, de-
spite the temporary depressions due to the
bears efforts. Fear regarding the money mar
ket is the only cloud left. The general impress
sion seems 10 De LnaJ as soon as any IninS nap
pens to dispel all remaining doubts on this ques-
ton thugs will be interesting down here.
London prices for Americans were much
higher, and London had buying orders in our
market. The bears who have not covered are
beginning to grow uneasy. and many shorts
were covered at the higher figures this morning.
Silver went to l.I45s, the highest figure yet
reached on active dealings.
Atchison, louisville and Nashville. st. Paul
and Union Pacific were prominent features OF the
market, and were all strong on London buying,
The street was still full OF rumors about the
81 90 900 in bonds which holders and well
known financial institution contemplate selling
to the treasury, was first made PUBLIC in these
| dispatches yesterday. The treasury officers say
| they have received an intimation OF the matter
1t is generally understood that the institution
| has bonds and contemplates N offer at prices
| slightly above the ruling figures. Whether they
| viii offer remains to be seen.
| Money loaned up to 10 per cent. in the last
| hour. This, and wild board rumor OF strlke
| on tine CHICAGO, Burlington and Quincy road,
caused falling off in prices. But closlngs were
| well above yesterdays.
| Important net advances were ~ In Manhat-
| tan and Delaware and Hudson; IL. IN Chest-
| peake and Ohio seconds preferred; rs IN Mobile
| and Ohio; in Missouri Pacific, silver cerih-
| Gates Union Pacific, Denver and Gulf, Oregon
| Short Line, Oregon Navigation, CONSOLIDATED
| Gas and Citizens Gas of Brooklyn; n in Lack
| awanna and Louisville and Nashville; = II
| Canada Southern. Hooking Valley, We bash
| Western Union, Pacific Mail and Northwest; I.
in Jersey Central, Canadian Pacific and North
| ern Pacific preferred; 3 in Atchson, st. Paul,
| New England and Union Pa itc. Declined
| Sugar trusts, Burlington and Quincy "a; Cotton
| Oil Terminal, u; Lake shore Il.