Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1890-08-10
SPECULATIVE.
New York Central Sold Down Several Points
Fears Entertained Of Continued
Tight Money Market.
Special TO the Gazette.

Special to the GaZeJtes
New YORK, Aug. a.-The New York Central
strike had some influence on the market day.
New York Central has had no serious trouble
with its employees for long time, and it was
irritation to have led to such dreaded action.
Fears were expressed that the trouble
would extend to other lines. The Wander
matter but said that Vice-Presidsns Webb was
fully able to cope with the difficulty. The Cen
trail was sold down III per cent, and Lake
no indications of a strike on that line.
Louis was raided. prices breaking
weak on a certainty of a bad bank statement.
1t is difficult to say how the money market Is
going 10 be much easier for some time, ana ex-
perience has shown that nothing invariably sx-
presses the price OF stocks az period OF tight
money coming after money has been easy.
Of Houston aud Texas Central railway stock
pamphlet OF twenty )three pages, containing all
OF the accounts OF The company upon which the
trust company has determined, In accordance
state the pro rata share that stockholders shall
pay to entitle them to aproportionRte amount OF
is found to be Il. per cent. of the par value OF
each share, which must be paid on or before
September.
falling averages. The exports OF gold were only
slightly reflected in it. The 81, oOo, 600 ordered
on Tuesday Of this week, on the other hand
week the banks lost nearly 5000
900 to the sub treasury. Losses
through interior movements we're estimated &C
over 81 500, COO. poor bank statement, there
fore, seemed inevitable. This was the princi-
pal cause for to-day's very soft market. The
strike on the Central road added to the unsettled
feeling and caused q decline in Vanderbilt
stocks. II is not, however, expected that
the net earnings will be-. seriously i'm
paired. As for grain, il is at this
season carried chiefly by canal PRICES were
wretchediy weak, even operators In New En-
gland, who have been Drawing the recent storms
and forcing their craft forward against recedlnS
tide, feared to put out into the treacherous sea
this morning. Few quotations In New
than Yesterdays. Rock island was
especially a weak feature under bear attacks.
The bank statement showsd decrease Of 81 3d.
$50 in surplus reserves, and the market closed
very weak. The banks now hold 81, 2S5, 900 above
legal requirements. Deposits decreased s. NO.
800 according to the statement. An air OF gloom.
even more pronounced than usual OF later per-
vaded the street. As compared with prices q
week ago. the important net declines were: AZ
Jersey Central and Wisconsin Central, 80 in
Canada Southern, in Oregon Short Line, rs IN
Burlington and Quincy, az. in Missouri Pacific
and Union Pacific. IA in Northwestern and Rock
Island, PA in Lake Shore and Delaware
and Hudson. ~. in st. Paul, rs in
Reading Pullman and New York Central.
in Pacific Mail and Manhattan. rs in Lake
ciic. Richmond Terminal and Cotton OIL trust
certificates, fss in Chicago Gas, lss in Texas and
Pacific ~ in Lead Trusts. AtchisOn and North
ern Pacific preferred. in Western Union. q in
Oregon Navigation, and n In Louisville and
Nashville.