Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1890-12-18
SPECULATIVE.
The Money Situation as Reflected From
New York and London.
The Indication Prevails that ,ha Government
Is q Bull on the silver Narket-Nhy
Germany Took Gold.

Special to the Gazette.
NEW YORK, Dec. l7.-Money is still
going TO the West, as is shown by the fact
that New York exchange at Chicago Is
GO cents discount for $1,000. Here money
was plenty at 3 to 81 per cent to call .
/ In London the rate was a shade higher
at per cent for discounts, against go
yesterday.
The announcement this afternoon that
the board of directors of Northwestern
and of the Missouri Pacific had unnni-
mously rutitied the plan of the fedora
ton adopted at the meeting OF
the presidents on Monday helped
TO create more confidence that
Western roads would all eventually do
the same, and that the new association
would really amount TO something. This
helped also to strengthen the stock
market. In the afternoon London
was buyer of stocks before the close of
business and there WAS a general i'm
provpment in the tone OK the market
before close here, which placed nearly
all stocks to per cent higher than
last night.
The advance in the price of silver GER
suit OF Secretary Window g conference
on Saturday seemed to indicate that Wall
street had jumped to the conclusion that
the government was q ''bull on
silver The reaction W ich has
since occurred from S1.1O to 81. O731
IN price to-day reflects as clearly the
feeling Of uncertainty which has sue
ceeded in consequence of more recent
developments in Washington affecting
silver.
European finances meanwhile are re-
ported bv agents of foreign houses in this
city to be alarmed in regard to silver
legislation. A foreign banker said: "Ger-
many in three days has taken $500, 900
in gold from the Bank OF England. 1t
has taken gold simply through fear that
steps nearer to silver basis by this
country will convulse the financial ar
rangements of the world. Since the first
effect of the seerstary's conference
passed over, the stock market has been
dull and stagnaIt. To-day the sales of
stocks up to noon amounted to only Co.,
600 shares. How far this coincidence is
cause and effect is matter of con-
jeoture.
ON 'CHANGE-NEw YORK AND LONDON.
Special to the Gazette.
NEW YORK, Dec. l7.-Londou prices
for Americans this morning we're higher
than our closing. The New York stock
exchange opened at advances over yes
terdav's closinRs, but In the last of the
buying the advance was not
maintained. Trading was of q
professional and perfunctorv character,
IL the present state of public feeling f.
nanclers do not zee much immediate hope
1~,,l T-,,t@
weak. Call, money was easy enough,
but the feeling abou, the monetary sit
uation for the next few days is hot par
ticulariy encouraging. New Orleans
and Philadelphia continue to alb
serb gold as u sponge does
hot water. Lackawanua was n feature
of the afternoon, advancing between /
and . points on a traders movement.
The stock market closed strong but dull,
final prices showing good advances oser
yesterday. Pacific mail was a strong
feature.
The importau, net advances were:
Atkinson, "a; Cleveland, Cincinnati,
Chicago and st. Louis, q; Canada
Southern, l; Burlington and Quincy, !;
St. Paul. g; Rock Island. rs; North
western. "a; Delaware and Hudson.
IL; Laokawanna, 21s; Erie, q; Lake
Erie and Western, preferred, l; Lake
Shore. q; lead trust, e; Louisville and
Nashville, IL: Manhattan, ~;
Missouri Pacific. II; Jersey Central, |
IL; New England. /; Northern Pacific,
preferred, ~; Pacific Mail, 4; Reading,
"a; Silver certificates, L; Texas Pacific,
81; Union Pacific, l5s; Union Pacific,
Denver ana Gulf, =; Western Union,
=.
CLEARING HOUSE CERTIFICATES.
NEW YORK, Dec. I7.-ClearIng house
certificates amour ing to $500 200 were
issued to-day and S40o, 200 cancelled,
leaving Sl4 .795. GOO outstanding. The
issued were in anticipation
on receipts Of gold from Europe this |
week, and they will be cancelled as soon |
as the gold comes in.