Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1890-06-08
SPECULATIVE.
Except In Coal and Iron, the Trade Situate
for the Week was satisfaetOry-A
Huge Combine Rumored.
special to the Gazette.

Special to the Gazette.
New YORK, June THE Chronicle says:
''The accumulation of some $40, 600, 900 involved
in Missouri, Kansas and Texas and st. Louis,
Arkansas and Texas reorganization temporarily
stiffened the money market early in the week,
but the Central trust loaned freely, and SO did
other large companies, the stringency,
of course, being relieved later IN
the week with small profits. The trade
except on coal and iron, but these are now fall
ing in line with the rest. Wall street to-day In
vested in q rumor dying about to the effect that
the Atchison and Vanderbilt systems are to be
united through an alliance between the Atchl-
son and the Cleveland, Chicago, Cincinnati and
st. Louis, or Big Four road at st: Lo us. IL
true, the news is of the greatest Importance.
Such an alliance would, in connection with the
Atchison's recent purchases, make four COM
homogeneous, only Cleveland. Chica-
go, Cincinnati and ST. Louis East
ern connections being Vanderbilt lines.
Magoun has returned from the West, but de-
clines to talk, and neither confirms or denies
the rumor. limitations are very strong, how
ever, that Vanderbilt and Atchison's interests
are forming gigantic combination OF railroad
properties.
The events of the stock market this morning
were hardly satisfactory to the street. Stocks
hung around yesterdays closing figures A
few weeks ago the stock market was sensitive to
the slightest change in the silver market. To-
day the two seemed to have drifted apart. Still,
higher prices will follow the passage Of
the silver bill. The fact that Saturday
is naturally day for clearing out contracts was
of course partially responsible for the market
lack of strength. The trading was very dull.
London orders were scarce Sugar was tho most
active feature, as usual, and jumped up and
dowE feverishly, closing with a fractional net
ting for the day.
Contrary to expectation the bank statement
sh owed a very slight loss in the surplus reserve.
Banks have lost quite heavily to the SUBJ
treasury during the week, but 1t had been eX-
pected that recent increase of funds from various
sources already noted would be sufficient to
counterfeit this. The loss was less than $1,000
and was accompanied by slight increase in
der osit The market closed dull and weak, al
though in the last few moments there was
a slight rally from low figures. Chicago
Il was announced in The GAZETTE that
Roumanisn government had a lot Of silver bull
lion for sale The causes which led to the 2c-
cumulation of bullion and attendant circum-
stances were explained in detail at that time.
To-day the Financial Chronicle announces that
q cable from Paris states that Viennese syndicate
bought the silver. The price paid was 4Ii4d per
ounce. The silver consisted of 30, 600, 900
demonltized lai pieces, equivalent to about
Sc, 900 900 in our currency. As compared with
week ago important net changes were an
nounced. Chicago gas, 4; Tennessee coal. 3;
sugar trust I3t; Pullman, "a; Oregon Trans
continental, 2A; Northern Pacific preferred,
ia; Canada Southern, IA; Missouri Pacific, |;
Texas and Pacific, Manhattan lead trust, Lake
shore, each "a. Observation-Disclosures terminal,
"a Burlington and st. Paul each q Rock Island
and Delaware and Hudson, 70.