Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1890-06-21
SPECULATIVE.
Prospective Silver Legislation Holds III
Check Speculation on Wall Street
An UnfavorabIs Bank Statement Expected TO-
Day on Account of Heavy Gold TAX
ings-Important Changes.
Special to the Gazette.

Special TO the Gazette.
New YORK, June 2O.-The possioihtles lna'
the silver bill may not become law, through
too great zeal of radical silver men IN Passihs
law which the president may veto, or throusn
some other of the many uncertainties Oh IesisiH
ton, have been pretty well discounted ourins
the past few days. Stocks are brought oo"n
TO their level before the spring rlSe
No good reason is apparent why there should
he much if any further drop in the event Oh inc
failure of thes liver bill TO pass. II there IS any
reason why stocks should be higher on the pas
sage OF the silver bill, the street expects SH
them go up from present prices. II ~. aH ,bsg
Masses the conditions are surely as goou as tuSy
were previous to the spring rlse: Money -
easier and the railroad SITUATION -
no worse. The feeling among t lhsI9e ever
that the president will veto the Iee CONES
bill This belief was strengthened by the stare
ment recently made that he Will not De ~ !.
dale for rem omination. From mate sources II
is learned that free coinage men are lnse as ue
te-mined as ever. What the outeome Wiii t VI
body dares to predict. It is difficult TO oelleVe
! that free coinage men will rush an e1tfeme
| bill to the president, knowing 't thoso Of
| their constituents who have pracIcAi l@'Ne4
| than sentimental interests at stake -
The tone of the stock market was very per
! ceptibly better to-day. London prices 5 iOr
| Americans were somewhat higher and LONDON
! bought ST. Paul, Louisville and NashVllIe, anu
Atchison in goody quantities: Botn OF Sc
u
| the list also. Chicago gas buying was accom-
| pauied by a report that the executive conhltIee
| would meet to-day and arrange Tor payment Vi
| the July dividend. , ,,,-
| The failure of the Chicago bank was an
nounced. but it was a small affair. Clevelan9'
| Cincinnati Chicago and st. Louis was weak
! because of a large selling order. .-. -,
Silver bullion in London and certlhcateS on
the stock exchange were weaker on the an
nouncement that the secretary OF the treasury ny
Yesterday completed his purchases OF silver io5
the month Wall street construed II 10 De goou
news and the market continued fairy sLFogS
until the close although some stocks ielI on.
Sugar was one of those which dlsplayed ; onie
weakness. In many, however, the Gay Dust-
ness was very encouraging. some oouDt was
| EXPRESSED about the bank statement OF 70
| morrow on account Of the recent shipments Vi
gold. .-, g. H., 5,,, rvere.
| Adyanced-Louisville and Nashville, chicago,
2Is St Paul and Duluth ~, wheeling ahu
! Lake Erie IA, Delaware and Hudson, I Illnoi +
Central Ohio Southern, Flint and PortsmouNL
and Greenbay and Winena, second assesshl zen
paid, each l, Chicago gas and Loulsvllle auS
| Nashville "a, Pacific Mail and tennessee coz
81, St Paul Burlington. Northern PACING pre-
ferred and Lackawanna Is, Missouri Paclnc ant
Canada Southern 4. az, ,,,,i,ob.
and silver bullion certificates, /; sugar tiusI
%; Richmond Terminal, preferred, CltlzenS "a
! and Chesapeake and Ohio rs, preterreu' "a
Western Union, q, ex-dividend.