Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1894-09-28
LONG STOCK BROUGHT OUT.
,ucu CAUSED WEAKNESS ron A
TIME.
u,,h sugar the HenvIes, Drag.
eranEerr Were Firmer at the
c,o.e-noom Traders Gave some
sapport-The Money Markets.

New York, sept 1.-THE EVENING
p,st says; While two, or three rash IN.
a,ddual spectators were bidding u-
,.ar stock. the Sugar Trust authorl.
~ kept silence. But the dividend
nce fixed and the outside operators
hirly gathered in, the trap was
.prung and along with heavy INSIDE
,euing came the most dolefui inter
,lSvs Imaginable regarding the cor
.nratlons future. This Is really nil
ihat the G point break in sugar stock
signifies.
New York, Sept. 27.--To +. G.. Nc
PEAK & Co. stock and bond brokers
Ihe stock market at opening was irreg-
,arly changed from yesterday. There
vas considerable pressure In sugar
d the first trading. which caused
decline Of 3-4 per cent. G. g. was
| higher on moderate transactions and
n c. f. recovered a 3-Sc decline. Aside
l rom the industrials there was little
. .olng.
The conviction Is growing that d.
|c. f. must be recognized and IA
I sow In fear of assessment which seems
. Il control the market position OF the
. fock The positive statements Of
| anne prominent houses to this effect
lis believed TO be the result of in
iounation. The fact that the COM
panys position Is being Investigated
" wealthy men in the trade is In
nrpreted by some people as indient-
| lng Organization. Some other houses
however, think that reorganization
may mean change Of management
more than anything else, because Of
hallef In the trade that alone Is the
mason for weakness OF the company.
| ii Is stated by good authority that
he company quick assets consist OF
$4,000 cash and an equity Of S500.-
M In spirits on hand. Against thIs IL
has 100000 bonds outstanding on
which interest Is due In December and
H.s000O0 rebates OF which about 5000
~ are asserted to be due and un
paid. The reception which the Read
hg plan received In Phlladelphia
nd London caused good deal OF
plling Much OF the Philadelphia sun
jort OF the plan has been half heart
a and inspired utterances IN the
Philadelphia papers indicating consid
gable Jealousy that New York should In
iay way he identified with the scheme
Traders In Louisville and Nashville
Fought there wsre Indications yester-
lay OF further sales OF Louisville and
Nashville by the pool and also bv
Gordon. The earnings for the third
reek were admitted to be favorable
although they We're $4,000 less than
BUR estimate, made September 20, on
he Increases the road was then show
hg. The appearance Of the annual re-
port Is awaited this time with more
nan usual curiosity as being likely
o afford some idea as to the pros
isct or an early resumption OF dlvi-
lends. When st. Paul touched GA "a
yesterday near the close, which is
the lowest price which the stock has
rald In the month Of September. the
point was current that at length tho
stock would 80 down. considerably |
Il was believed by trades that the |
pool marketed some Of Its stock IN |
london on the strength of the New |
York Central dividend at the usual .
nte.
Undoubtedly long stock from some
pufces came out about that time
The reaction In St Paul has been
less pronounced than IN any active
lock with the exception. perhaps u |
Louisville and Nashville, statement /
4 tair inepease in the net had been
discounted
London, Sept. 27.--9 p. nc. o., N.
z. preferred unchanged; ST. Paul. lis
ip; Atchlson, Ia; Reading, is off; l.. &
", 3-Si l.. s., l-2 higher.
Omaha earnings for month OF Au- |
Nst, Increase, $4,000.
A Philadelphia special says: Read |
ng apparently receiving some support |
from friends OF the reorganization |
,ommlttee and from covering OF shorts |
put out yesterday"
The market closed barely steady hut !
4 shade tirmer for grangers on "a dis
position to cover shorts by Cammack
and Wheeler. St Paul was ham
mered TO permit closing OF contracts
BY bears In Rock Island. The delay
y publishing the St Paul statement
Tor August also stimulated some SELL
ing for the short account.
SuEdr continued TO be the weak
feature and all the brokers who us
ually act for the Havemeyer interests
we're free sellers at the low point OF
he day The only support came from
NE room traders, who We're moderate
buyers to cover shorts. Chicago gas
moved some resistance 10 bearish at
lacks and Western houses were In
.llned to buy the stock for a turn. ID.
{. II. trust was feverlsh but llqulda-
Hon seemed to be completed for the
moment. 1t is believed that the dlrec-
tors VIII submit a proposition next
week for n radical REORGANIZATION Of
ihe compGny, and II new capital can
ee secured pay of the rebate vouchers.
All the low priced specialtles were
sluggish, but there was fair sub
,ianiial rally in Reading and MISSOURI