Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1890-04-22
SPECULATIVE.
Old-Timers Predict An Early Revival
of Public Interest in Wall Street.
All Glasses of Stocks Higher Yesterday-Cbi-
cagO Gas Out of Trouble and VIII Be
ReOrganized-siIVer Question.
Special to the Gazette.

Special to the Gazette.
New YORK, April 21.-Stronger every day
grows the conviction among fnanciers that con-
gress viii pass a silver bill which will mean q
decided initiation of the currency. This will mean
an unsettliDg of values, and that, say
old-timers the street, is all that is
needed to produce revival of public interest in
Wall street. Settled values kill specu1ations.
The dull period through which Wall street has
recently been passing, and which. to the short
sighted, means the death of the stock exchange,
this in itself is one of the best proofs that
vival of interest in Wall street is approaching.
Anyone familiar at all with the history of Wall
street knows that its record is a series Of
periods of activity and depression. The
period of dizziness is followed by a period
of activity as surely night is followed by day.
There seems to be no good reason for thinking
that because OF the night now there will be no
succeeding daylight as there always has been
before, and the street is beginning to wake up
and even now thinks it can see on the sky so long
dark first streaks OF the dawning light. After
its own fashion it is discounting the boom
stocks up hand over fist. When the
temptingly high, for it is one of the idiosyn-
crasies OF the dear, long-eared public that it
likes to buy It's stocks very high. 1t will never
come into Wall street until brokers have forced
prices up to the top notch. Then it buys eager
Iy; both public and brokers are happy, and
sDeything goes spinning k9 Eg
above constitute an easy method of
dealing. with a market like to-day's. Following
LondOns lead it was active and very strong.
Hardly security on the list could be found,
which did not show substantial gains. The
most active feature of the dealings sugar
trust. On large transactions prices ed-
a momentous one in sugar trust
dealings. The rises in certificates are apt to be
about that figure, after which there is a turn.
dications that INSIDERS have fixed upon
that figure as the turning point this
time. Indeed, it is very possible that eager
buyers would not allow the certificates to de-
cline, even il it were time for them
to. Other prominent features of the
market we're Louisville and Nashville,
Lackawanna, Reading and Chicago gas.
The latter's troubles seem now to be all behind
it. 1t is making money, legal complications
have been swept aside, and it is to be reorgan-
lied as a corporation this week. Curiously
enough, the cause of all this strength in the
market was itself weaker to-day.
The cause of the decline in silver was said 70
be the lack of agreement at washington on
silver measure. The London price was
lower and the highest sales of bullion by.
dealers recorded in this city weES
at 81. Certificates for few thousand ounces
were sold on the stock exchange for 81. o., de-
cline of nc from Saturdays figures Inasmuch
as anyone may deposit silver in
the Mercantile Safe Deposit COM
pany's vaults and draw certificates
on it, it would seem to be losing game to buy
certificates at $1.03 when you can buy bullion
outside at 81 90. .--