Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1890-08-21
SPECULATIVE.
Treasury Officials Ready to Spend the
Entire S15, 900, 900 for Bonds
At the Opening OF the Speculative Market
Rush was Made 10 Cover by Shorts
and Elated Bulls-The Day.
Special to the Gazette.

Special to the Gazette.
NEW YORK, Aug. 20.-Treasury OH
cials announced that they were prepared
to pay out the entire SIS 900 900 to-day
If the bonds were >ffered. London had
evidently received the news early, as
prices for Americans in the London mar
ket were reported strong and higher. At
the opening of the market there was
rush to buy stocks by frightened shorts,
as we'll as by elated bulls. London was
also large buyer. The first prices were
advances of p per cent. over last night 9
final sale, and further gains were
quickly recorded. Vanderbilt and
Changers all scored marked advances, as
did, in fact, nearly all active stocks OF
the list. After the first demand
had been supplied, however, the market
became less active, and prices receded
to about the opening figures. Money was
again scarce, and early loans were made
at l5(920 per cent. and in late dealings
the rate was marked up to So per cent,
closing at so per cent. Chicago advices
report a strong money market there, and
pressing orders for currency from every
part of the country south from Omaha.
Minneapolis bankers say they will re-
quire large blocks of money from Chica-
90 by the first of next week, and possibly
earlier. During the afternoon traders
hammered prices on the stringent money
rate, and succeeded in wiping out a great
part of early gains. The closing was
quiet, with final prices irregularlY
changed from last nights figures Sill
yer certificates we're less act
i've to-day, and considerable
bagging of profits was apparent.
A shipment of $50, 900 ounces of silver
bullion was made to-day for Rio Janeiro,
and further shipments are to follow.
The new Brazilian administration is TO
commence the coinage of new silver,
preparations for which were interrupted
by the overthrow of Dom Pedro. Ship
ments OF 800, 900 or 400, 900 ounces of sill
yer bullion per month will be required
for this purpose.
The suspension of C. G. White was an
nounced on exchange. 1t was stated
that he had no outstanding contracts.
Important net changes we're: De-
clIned-American cotton oil, "a; Erie,
4; Louisville and Nashville, q; New
England, "a; Oregon Transcontlnental
consolidated, "a; Pacific Mail, 1s;
Sugar trusts, =; Texas ana Pacific, u.
ADMINISTRATION, ID; Burlington,
22s; St. Paul, IS; Rock Island, g;
Northwest, u: Delaware, Lackawanna
and Western, u; Lake Shore, q; Lead
trusts. 1s; Missouri Pacihc, e; Read
ing, u; silver certificates, "a; Tennes-
see coal, "a; Union Pacific, 5s.
The amount of silver bullion offered
for sale to the treasury department to-
day was l ,3l4 600 ounces. The amount
purchased was 466 900 ounces, as fol-
lows: Fifty Thousand ounces at 81. 10
45-lO0; 16, 1000 ounces, at 81. 1873; 10 900
ounces, at S1.20; $50, 900 ounces, at
81 POI. Included in the amount offered
is one offer of 400, 900 ounces received an
hour after the regular time at much
higher than the prices paid to-day. 1t
is understood prices asked in this offer of
400 200 ounces was 81 Pig.