Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1890-06-06
SPECULATIVE.
Washington Advices on Silver Legisla-
ton Cause a FURRY in Stocks.
Silver Bullion and Certificates Quite Exten =
siyely Dealt In-List of Prominent
Stocks and Comment.
special to the Gazette.
ALABAMA REPUBLICANS

| Special to the Gazette.
NEW YORK, June 5.-Conditions were practi
cally unchanged at the opening of the stock
market this morning, except that the silver
| news from Washington was most encouraging.
The attack on Rock Island and Missouri Pacific
was resumed with fresh vigor. Mexican Cen
trail advanced, and Union Pacific and st. Paul
held firm. These were yesterdays condition
and reasons for them were fully explained in
Sugar-Refners' certificates continued
to boom, and eventually they car
ried the whole market. up with them.
Prices were very strong, indeed, and after
the first half hour the advance was general, but
Lake Shore and Vanderbilts were the conspic-
uous features of it. Lake Shore was unusually
active.
Private dispatches from Washington late in
the day pointed strongly toward the early pas
sage of the silver bill, and aided the upward
movement, for which the recent reaction and
short interest incident thereto have paved the
way. Silver bullion advanced one cent per
ounce, and silver certificates were quite extern
sively dealt in at higher prices. Great Northern
was one of the stocks which showed marked i'm
provement in price. Colorado coal went up on
the statement that London has recently taken
10, 900 shares, and that application will be made
to quote stock in the London exchange. Among
the prominent and strong features Of the day
were sugar, Chicago gas, Oregon and Trans
continental and Canada Southern.
Chesapeake and Ohio earnings reported for
May were S631 ,S73, an increase Of SIS, $50 over
the same period in 1889. and the largest earnings
in the history of the company. These earnings
come principally from carrying coal. An English
coal carrying trade, especially over the roads
new lines to Cincinnati, hiss resulted.
There is much bullish talk at the present time
on the Junior VanderbiIts, the Chesapeake
aud Cincinnati, Cleveland Chicago and st.
Louis securities are called. All Of these were
strong to-day.
In the last hour important news came from
Washington. The house has decided to consider
the silver bill until Saturday st 8 D. m. when a
wi 10 In he bat
took fresh squirt, and closed strong.
Private Chicago advices state that the
earnings for April and MAY show an
increase of 500. GOO gross each month. 1t was
also said that expenditures amounting to nearly
2 per cent: OF the stock were made 10 the four
track road for eight miles out of Chicago. and
for other improvements. The company expects
to make quarterly reports hereafter.
The annual meeting of the Chicago and North
western was held at Chicago to-day, and the
usual dividends of per cent. on common and
IA on the preferred were declared.
NOT AFTER THE MEXICAN CENTRAL.
Special to the Gazette.
New YORK, June SIN dispatch from st.
Louis Mr.. Magoun denies that the Atchison i,
reaching out after the Mexican Central. 1t is
alliance of the systems, both from
the fact that President Wade of
the Michigan road, and most influential
directors are members of the Atchison board
posed government loan, are now, since the San
Francisco purchase, closely connected with the
Atchison. Jessie Seligman stated this evening
that there was no truth in the report of the deal
between the Atchison and Mexican Gem
rral. The firm has as yet received re-
ply from the Mexican government to its
proposition, and consequently declines to give
part iculars. The Cleveland. Cincinnati, Chi
cago and st. Louis has been for several months
negotiating for control of certain connecting or
competing roads IN Central Ohio. Information
to-day is to the effect that President Ingalls, of
this company has made an offer for control OF
the Cincinnati, Sandusky and Cleveland
railway, and that it has virtually been accepted
This is merely continuance of the Vanderbilt
railway policy in that section. The news of the
acquisition was used point on s'Big Four
stock, which advanced full points during
the forenoon 1t started some lively bidding
for the stock of the Ohio Southern which is an
important strategic point in the railway system
of that district, and which is likely in the end to
be absorbed into Some general combination.
JUMPING UP ALL THE TIME.
Special to the Gazette.
CHICAGO. ILL.,, June 5.-Trsfic Manager Sage
of the Rock Island, on being told Wall street
was disposed to construe Rock Island reports
unfavorably, said this morning: .rwait till
they get the next report. We are Jumping up all
the time now. Rock Island lines west of the
Missouri river are going to be the biggest in
crease in business is wonderful.