Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1890-04-11
SPECULATIVE.
The Vauderbilts Said to be Interesting
Themselves in Union Pacific.
6Ould's objection to the Union Pacific and
Northwestern Alliance Explained.
General Markets Higher.
Special to the Gazette.

Special to the Gazette.
NEW YORK, April l0.-Union Pacific
affairs monopolized the interest in Wall
street to-day. The report that the Van
derbilts are buying stock and will have a
representation in the next board Of di-
billty in connection with recent events.
The famous alliance between the Union
Pacific and Vanderbilt 8 Chicago and
Northwestern was, of course the basis of
the belief in the report. Then,
too, Gould's suddenly manifested
antagonfsm toward, the alliance seemed to
some persons to be partially explain ed
by the fact that he had awakened to the
realization that the combination in the
country above him was strengthening
and hardening and developing into
power too great to be com batted. While
, that com bination does not now affect his
line, there is no telling, so those persons
argue, when, possibly through the Al
ton, it will invade his territory. Fur
thermore, this theory that Wander
bilt interests in the Union Pacific
management serves salts factorily TO ex-
pidiu In6 pLGeSuL UOOlH III tH6 BLOch,
which has been ppzZling the street
Vague talk of favorable legislation on
the funding bill was the principal expla-
nation offered. Union Pacific does not
wish to see the bill passed, and about
the only good news which there could be
relative to the bill would be that it
was dead, and that would Only
be negatively favorable and could
hardly boom the stock. The re-
suit of the streets thinking on this
SUBJECT is that the story of the Vanderbilt
interest III the Union Pacific manage
ment has strong flavor of possibility.
This sentiment was strongly reflected in
the course of the stock which was ex-
tremelY buoyant.
The strength of Union Pacific carried
the general market up slightly, Lacka-
wanna showing the principal advance.
The report of the Rock Island road for
ten months was something of puzzle.
1t was so vague that it was
difficult to tell just what
dividend it represented as earned on the
stock, even for the ten months. Allow
ing the large amount of $500 200 for net
earnings of the months of February and
March OF this year, which is an unofficial
estimate based on the fact that traffic
was large during these months, it was
difficult by any method to figure 4 per
cent. earned on the stock for the year.
Dealers wisely left the stock alone, such
quotations as those were being at sub
stdntially unchanged figures.
Reading disappeared from view as a
speculative favorite. The general i'm
preston seemed to be that Corbin had
not come out greatly behind in the COM
promise.
The Bank of England reduced its rate
of discount to 81 per cent. to-day. This
move had been expected for so long and
had been so thoroughly anticlpa ed in the
course of money in the open market that
the announcement created no interest,
and had no especial effect either in Lon
don or here,
Foreign exchange was stronger. The
demand was limited, but the supply of
bills is so small that rates went up.
Silver was stronger both in London and
here.