Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1890-09-18
Action OF the Treasury Depart
ment-Stringency Relieved.
The Situation More Satisfactory.
There was Unnecessary Fright.
Manipulation Caused 1t.
Uncle sam will Deal Out $4,000, 900 at Once.
S16,774.0O0 OF Bonds Purchased and
sIi,OOO,OOO More offered.
BOND PURCHASES.

! WASHINGTON, Sept. 1.-THE treasury
| department to-day accepted the follow
| ing offers of 4 per cent. bonds made to
circular OF Saturday, September ID,
| IS. III ZOO at I26 or less; 81, 113, 900 at
| l2G1@; IS 500, 200 at 1876 74-1OO; So, $780,
| 600 at 1888 and 1868. Offers to the
! amount of Sll 900 900 were received at
| figures at about 1853.
A number of other offers were made at
| prices below the highest price paid, but
| they were rejected because they were re-
| ceived after noon.
Secretary Window, at Williamstown,
Mass. was in direct communication by
wire with notwithstanding Batcheler
| and Assistant Secretary Nettleton while
offers were being received and acted on.
One official of the treasury department
this afternoon called attention to the fact
that, including the purchase of bonds
to-day, the disbursements by the treas
uTy i'll thirty-two days had exceeded the
| receipts by Sos, 900 900.
The total offers of the ~ per cent.
| bonds 20 treasury yesterday for the entire
| country amounted to 81 ,057 800, making
a total so far of Sl2 $50, 300. The pre-
terday aggregated 1851 Up, making q
total so far of 81 ,2l2 ,OGO- Offers to-day
for the entire country, so far as heard
from, aggregated S34l ,250.
THE POST.
Special to the Gazette.
NEW YORK, Sept. 1.-THE Post says:
The recovery which began in the stock
market yesterday, owing to the belief
that the crisis in the money market had
been passed, was continued this forenoon
and the improvement was even more
positive in this market than in London.
In the latter the early prices were higher
for the majority of stocks than the clos
ing figures last night, but money was
also little higher there, and held the
upward movement of stocks in check.
After the adjustment of the bond pur-
chases by the treasurer, the bears, fore
seeing that there would be some
selling in order to realize on
the favorable news, raided the mar
ket, and for half an hour, from $50
to 2 CLOCK prices were lower. But in
the last half hour money was down to
4 % per cent. and stocks were higher
again, some stocks making their high
est prices in the last half hour. Grang-
ers were depressed most, and did not re-
cover to the same extent as the general
market. The net result for the day on
the whole list was an advance of to
D with exceptional advances of l to
per cent. on few specialties.
THE COMMERCIAL ADVERTISER SAYS:
The market opened stronger il antici-
patton of the bond purchases by tbs
treasury to-day. Most of the active
stocks made gains of "A to l point.
During the afternoon the announcement
was made that the full SIG, 900, 600 of
bonds had been accepted by the sscre-
tary aud sigh of relief was experienced.
Still there was no Immediate response to
the good news and i'll some cases prices
were softened off, but it was considered
only p temporary and manipulated
movement.
THE MAIL AND EXPRESS
commenting on the result of the bond
purchases says: The immediate effect
of these purchases was never decided on
the share list, partly for the reason,that
the market had already improved con-
slderably in anticipation that tile gov
eminent would obtain the full amount
for which it invited proposals. Stocks
sold fractionally higher than before, ex-
C6DL III h lew IustduCco. 1uO
of the list around l 'clock recorded the
last quotations.
SITUATION SIZED UP.
Shortly before l 0 clock the news came
from Washington that SIG, ia 200 As
bad been purchased, as follows: SSH, 900
at 81 &c; 81 lib 900 al 81. 261s; IS, $780,
600 at S1.26 $3.50 and So, $50 ZOO at
S1.2631. 1t was also announced that
Sill 900 900 had been offered above
S1.2634. The sub will at once
begin payment for those bonds offered
from New York. Over $40, DOC 900 will
come out into circulation at once. This
successful conclusion of MIR. Window 8
plans, of course, caused O further ad-
vance in stocks. OF the total bond pur-
chases over S25, 800 900 are said to have
been from New York offerings.
The Missouri Pacific railway company
declared quarterly dividend of per
cent. payable October 10.
Silver offered to the government to-day
aggregated 519 200 ounces. The amount
purchased was 1876 200 ounces, as fol-
lows: Thirty thousand at 81. I6L; go
600 at 81 1634, 5000 at 81. 1872; rs, 900 at
81. 1874; 12l 200 at 81 .l634.
Stocks fell off after rallying, following
the announcement of the bond purchases.
Changers especially were attacked and
many closed below last night y figures.
Money was very easy.
Important changes were: Advanced
Tennessee coal PA; Pacific Mail, Man.
haitian, Chicago and Eastern Illinois,
Central Pacific and Chesapeake and Ohio
firsts preferred, each l; Cotton Oh trust,
"a; Lackawanna, "a; Canada Southern,
st. Paul preferred, Lake Shore, each %
Declined-Oregon Short Line, IL;
Rock Island and Delaware and Hudson,
each 1; Burlington and Quincy and st.
Paul, "a; Louisville and Nashville and
Canadian Pacific, q; Union Pacific, y;
Atchison and Northwestern, 3s; New
England and North American, d.