Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1890-04-04
SPECULATIVE.
Reading Stock Most Active OF the List.
Dissatisfaction Changed to Peace.
London Again 8 Buyer OF American Suretles.
Decrease in the Reserve Chicago Still
NIthholds Quotations.
Special to the Gazette.

NEW YORK, April 3.-Resding is
the company has been a series of in
teresting and more or less startling cpl
sodes. The old concern cannot appar-
emily even hope to become staid and en-
tirely respectable. It's latest episode
partakes of The nature of transforma-
ton scene. The curtain OF dissatisfao-
tion and litigation has been raised and q
scene of peace and harmony is re-
ve&led. The announcement that all
pending litigation is ended, that an
arrangement has been made between the
opposing factions, came as q big surprise
TO the financial world. The anti Corbin
faction, so il IS said, is to be represented
by two managers, DOlan and Gibson. 1t
is hardly necessary to refer TO anything
so obvious as the disa strous consequences
which must follow the strife among the
owners Of the property or the compare
lively favorable consequences which must
follow union among men TO whose obvi-
Gus interests it is that the property should
be made as valuable as possibl
AS to the effect on the stock of the COM
pany, however, it should not be forgot
ten that the stock has now, IS compared
with the other securities of the company.
a speculative value owing to manipula-
tions which were brought about by this
very discord among owners. The third
preference income bonds sold this morn
ing at Al p while the stock was selling
at 4215. The report of the compromise
was received with surprise on the
street but it was generally be-
lleved, although no one could be found
-bo inS yUb no
former opponents of MIR. Corbin could
derive. from n minority represe NATION in
the board of managers. Many appeared
also to think that the stock would now
lose portion of the abnormal and tenn
porary value which it has had of late
owing to the prospects of contest for
control. The market reflected this feel
ing in the afternoon, the stock falling
of from yesterdays figures and from
the high prices Of the morning.
Reading stock was by far the most active
of the list. Among the reported short
sellers was the house which recently was
deposed from its position as guardian of
the interests of the pool.
London was to-day a buyer of Ameri-
can sureties at home and on our stock
exchange. Some of Atchison buying
was attributed to London, as well as
part of the buying OF Reading, Louis
vile and Nashville and Lake Shore.
The news OF the monetary situation
in London was not especially encourage
ing, the bank rate of discount remaining
the same and the weekly statement
showing q decrease of 81, 474 900 in the
reserve.
Our own market showed continuance
of yesterday IS healthy tone, although the
fact that tomorrow win be holiday
had the effect of keeping down prices
and activity to some extent; nevertheless
the market was great improvement on
its predecessors previous to yesterday.
At the produce exchange to-day deal
eTs were inclined to make little of the
trouble which is caused them by the &C.
ton of the Chicago board of trade in re-
fusing to supply its quotations. They
claimed that the disturbance OF business
was so slight as to be hardly noticeable,
and that in the early part of the
morning when trading was very lively,
and when, if ever, the inconvenience
would make itself felt, they got along
very well with the aid OF such quota
tons rs arrived by private and such as
came over the public wire TO different
dealers. Such traders as put the best
face on the matter said that they would |
De perfectly wen saIlSneu with the con- /
tinuation of condition of affairs which /
prevailed this morning, but others were
willing to acknowledge that their BUSH |
ness, unless it was conducted |
independently of Chicago which had not |
really been attempted, would lag unless |
much better means of securing early and
constant advices from Chicago, which |
would be available for All members in |
tBrestea wssHQo1anade aaajlable.
sshe are aslssne dssse Va tue sisrsae andsum
harris 5Yiiotig ess ksss c&9snsis pezitsts cure