Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1893-05-06
TEMpEsT-TosstD.
suFFsrEp BROKERS AND
BROKEN sPEcuLAroas
A Hard Day on Wall Stree, The vandsrbilfs
and prssI, Morgan and Company Turn
Inc TIec--h Deacon sunoeaisd.


| horizon this morning, though tile sun 81
| uaturc was shining brightly through Ia,
| rain-wushed aud wind-bown niniVs
/ pherc that was siere.eOpically clear.
Brokers and bankers did not Idle over
| their breakfast. Every man with a
| dpIcr's interest IN speculative Heidi
knew the bund would begin To DAY at
the drvp Of the gavcl ~ the stock eN-
change and each one WAS anxious at tn
CiIHnEe Hui rHriI Dnr WIS sttttiaii- ~
that time 10 be Ia tie procession aud
close up where the elephants were walk
cDing imagined the stock market might
sanen al the outset was Disappointed.
Every eye was on c0slHge aud thrfr was
movement enough IN The picture within
ten minutes after the booming OF the
gong 10 engage every eye The apIi0ns-
age company NJ a haze hour last night
was ilic occasion for further break
In preferred stock this morning Within
ten minutes II LOST it, balance and
pumped down IL points to .. There IT
cnughi rock for q moment, but the
rock was knife edge. and Conlage
preferred was rafting down the preti.
fice 10 g. Manhattan. however. look
q, notion To tramp down the iill Of spec
MTion. y started frvm 126, scaied
down 10 l 10 ~. then seemed a little
ashamed Of IL gnmbul and climbed M
ngnin 10 l2p, There II stopped for
breathing. Int hecainc weak during H.
a 1, and slid down again, this time 10
Meanwhile the colorcd lights were being
turned On lla Untsidt Of the exchange
building. Before lO,lu O'Clock liiprr had
hcrn revival Of yesterdays rumors that
); " White WAS tangl d IN IN tile weeds
ut'iY, under The spot where Cordagr
hau long"i ~ the brink NJ the close ~
a Al.
ms morning icnewcd aud Colqlage was
blown oil and Ncr the brink where
= clnns Over night, Il was found that tnte
70 riiinor White WIS STRUGGLING directly
In ~ pathway, And also a SMELL OF Chi.
cago sis IN the vicinity. Cunlnrr tangled
aud bounn him fast so-hc could itot moyr
and u was 80 with Corlngp. He ,yos
stricken down tire fourths AZ nm bo"r
alltr opening Of tho whistling storm.
The report that White was Nat erdpi snick
~ into the building were IS citnuleut was
HurRhg 10 hieli-wuter mark The runor
was quickly followed by the official an
nounccmrnt that White was down.
some paused 10 90 where hp lay aud
usl what struck him, and thnurh lis
ahlcl' hc responded That the terrific drop
OF '1rinFe aud the explosion Of CHI
cIgo gns had stunned mud mlfDcaicd linn.
He WAS unable 10 20 on AZ present.
though lp might get up later On and iho
people who looked over the elm 10 whore
White lay down remarked 100 bad.
md lnst when he had gotten on his pins
afrcslt
The * v White sheet weni through
the clearing house all right ~ aight aud
when rHprks are certified
Al II O'Clock the market was sill
fcverislt AZ high noon Tho hattle Of
values siackcned away u irhc In IT,
movement. The nervous strain was still
ihefe' bui we nesh had wcaried some
WHAT anN thus the movement was less
,Inpd. There was a ihuudcrons tone,
however ~ the speculative htmoapher',
aud though there wore fp9slus Of bidding
aug selling; they came like iiHshes OF
ngnulng tniough ihc twnph'F There
were Wider lmnscs between, though the
husl was moro tear.nmr Than the crash
OF lhr elements Flhriualioils 81 noon
tudpy were vide though trille less fire.
pugnt
Nhen some broker lifted his voice aud
nnhs'f 10 my, W. iuVl's rushed M upon
nun nnd instantly the tape which was
carving history mo hundreds Of offices,
rrpNnl'd nn advance oI 10 ' points,
~ wv "lh'V hhhil' lel my man press
hlS ihnlnb against W. fanny and IT.
senuE mhfh,l nhh II NrllW or HnNe
way rue 'lurl hour Of the day bat
ilr was YET young when action again
a Hf'f w
MFn NWnethinE uko y fi.ltA muscular
nrVou ar ono executed 10y electricity,
AZ !h9se were ~ me rush on thr move
mrll' however me speculative 'rnSms
wy, .uulr carry ~ Tue nvcning were 10
Ml lnlehts nnI purposes throcs ni great
interest hEhling deadlock ATTACKS.
lhrsN' " EVER ~ the, history OF the
sln,h ,Nrhnngn were there snch Wild
hurlnnupns wlln"sru' UMr al the larE-
est houses ON Tue street was said 10 he
W. trouble nhd us failure only u matter
ol hp,ls'
~ O'Clock me battle hnd been on
three Hours aud many Of those IN the
carry enlargement hnd gone 1iiisidc 10
ihr Nltlers cnlnps for fuWl. They hcNrl
how l1ndon and other centrrz Wcr' lying
back N comparative sn'ttr aud absorb.
Inf the fruits of their sacrifices.
The result MAS change Tor the better
In the market aud q stpaaicr tone char
ncicriEcd next dealings TIM cxamnlr
SET 10y Foreigners aud The confidence
they displayed In our securities revived
Tho droopiug clurlgr vi simd operators
and general rally cuNtvd
Then came into thu situation another
elan of thunder the sJspension Of Brnl.
or w. l.. Patton WAS announced and AN.
other house was Sttiet 10 have gone
, le,-e ,. announcements , oal further on,