Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1890-08-20
SPECULATIVE.
Various Unfavorable Rumors Caused
Traders to Freely Dispose Of Stock.
Prices, in Consequence, We're Lowered But
the Failure of Ger tain Rumors to Nate
rialize Brought Them up Again'
Special to the Gazette.

Special to the Gazette.
NEW YORK, Aug. 19.-The market for
silver was again active to-day, and ad-
vanced rapidly to 81 81 on buying by
Moore s. Schley, W. E. Cannon and
Aulson s. Wells, who together purchased
about 500 900 ounces within the frs
hour. Zimmerman s. Forshay were the
largest sellers, and disposed of $50 200
ounces. After the first movement the
market sold off below 81 20. This was
attributed solely to the rising on the part
of the holders, who also had purchased
at lower prices, and did not in the least
disturb the believers in high figures for
certificates Bullion brokers who sold
professed to be acting simply on GUS
toners orders. New certificates issued
by the treasury on silver purchasers
found their way into circulation to-day.
The Fourth national bank was the first
to receive the new bills on presenting q
check from the government for some
thing over $50, 900. All the bills of the
So 900 200 so far received by the sub
treasury are in denominations of 500
and $1,000. 1t will take several days,
perhaps weeks, to get smaller denomina-
lions printed. Nearly $500, 600 was is
sued within the first hour this morning,
but the sub-treasury officials anticipated
issuing $500 900 or more before the day
was over. These new bills will add just
so much to the currency of the country.
The rumor of the extension of labor
troubles to all Vanderbilt lines, stringent
money market and small offerings OF
bonds to the secretary OF the treasury
yesterday encouraged traders to sell
stocks freely. The London market for
Americans was reported weak at declines
extending to l per cent. Numerous SELL
ing orders were placed on this market for
London account. AS result, the mar
ket opened active and weak, Northwest
dropped l a per cent. on first transact
ton. St. Paul, Rock Island, New York
Central, Lake Shore, c., c. c. and St.
L., Lackawanna, Atchison and Union
Pacific were all quickly deposed l per
cent. or more, and Manhattan 3 per
cent. Silver certificates resumed their
upward movement, and soon
reached Sl.2I on active trading,
but later in the day, on sales to realize
profits, there was reaction of 2 cents.
Sugar trusts were weak in early trading
and declined l g cents; the loss was re-
covered later, but in the last hour the
price again weakened, the closing figures
showing net loss of "a. Lead trusts
were active and firm. The absence of
any definite Information and failure of
the anticipated strike 10 materialize at
the appointed time caused a slight rally
in prices. Further weakness, however,
soon developed throughout the list.
Northwestern was again raided and
natH Of b.
last hour there was a firmer tone to the
speculation, many stocks recovering
early losses. The closing was quiet and
steady at figures current, which
were generally 3I@1 per cent. below last
nights figures with some exceptional
declines extending to % per cent. Ster-
ling exchange was easier, posted rates
were reduced 15c for both sixty day and
demand bills. Money was scarce and
early loaned up to Is per cent. and later
TO 20 per cent. There was somewhat
better supply and the rate eased off 20 10
per cent. In the last few minutes of
business, however, small loans wers
made as high as 80 per cent. Important
net changes were: Declnes-Atchison
q; Cleveland, Columbus Cincinnati and
st. Louis, q; Canadian Pacific, y;
Canada Southern, =; Burlington and
Quincy, q; st. Paul, q; St. Paul pre-
ferred, q; Rock Islard, q; Chicago and
East Illinois, "a; Northwestern, "a;
consolidated gas, "a; Delaware, Lacka-
wanna and Eastern ~; Pacific Erie, y;
Lake Shore, 13s: Long Island. y, Next
can Central, q; Norfolk and Western,
u; Pacific Mail, /; Oregon Transcon-
tinental, "a; Reading, u; silver certif-
Gates, q; sugar trusts, ia; Union Pa
cifc, 20; Western Union, 4; Great
Northern preferred, 21a; Manhattan,
2l5; Toledo, A. A. and n. NJ. q. Ad-
vances-Denver and Rio Grande prefer
red, q; New Jersey Central, Il; Louis
vile and Nashville, y.