Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1894-07-24

New York. July 25.-Irosident
Butcher says in an interview that the
financial condition OF Southern cotton
oil Is perfectly sound. We do not owe
a dollar. and have good fund In the
bank. We did not make any money
cotton oil company We did not pro-
pose paying any dividend out Of sur
plus fund. Dissatisfaction over no
dividend have had something to do with
declincs Prospects for the present
year are encouraging. We look Tor a
big crop OF cotton seed. which means
low prices. IN consequence Of which We
expect to do 4 large business. We deal
almost entirely IN low priced oils"
The Chicago Gas Fidelity certificates
i-g per cent are payable today. The
Sherman bank OF New York has gone
into voluntary liquidation. StocShold-
ers are requested to withdraw deposits.
The amount involved In the Atchlson
rebate matter Is about seven million
dollars. dating from last re-orgoniza-
ton. Full report VIII be presented
Tuesday.
An oficcr Of the United States Rub
her company says that tho company
earned last year about Is per cent on
the common stock, after provluing for
all prior charges, and that the common
stock is likely TO ge dividends Ia 1895
exchange and nominal effort to buy
any considerable amount Of preferred
stock would put the price to par. The
rubber men who took stock I'm payment
for properties are holding with every
confidence IN high prices,
a broker who has large orders In d.
c. f. stock says there Is continued SELL
Ing OF u. G., +. from the West There
IS much less confidence out there ap-
parently Ia the stability of the company
than there is here, and the confidence
here Ia mighty small.
The rumor Of Saturday Of the sale
Of more bonds was vigorously denied
by those who have close touch with the
president The company has 80 900 90 in
escrow 10 secure tho payment OF re-
bate monies, but II Is stated that they
are not Hutticicnt fully to secure the
amount Of rebates now outstanding,
and this give8 rise TO a fear that the
company may be called ON FOR more
mutgln and cnuunt respond. President
Greenhut assures his friends that Moth
ing az all Is the matter In fact with the
company and that the only trouble is
IN Wall street. and the company can
take care uf itself from n trade stand
point 10 is said the decline IN -. c. +.
started hy lSohn d Co. ON Saturday
would not have been $50 great had the
market been normal. II Is considered
lARN'ANl' NlNtNh hNAAA ANNAHf NNAA liaA llAAl
thouHlnl shares Bcnrs ON d. G. r.
| say they sell the stock on exactly the
same argument they buy suEar-that
there VIII be no tariff bill. No tarin
| bill for whisky means no Increase in
the tax, aud Will be badly complicated
London, July 2a, . p. NC. o., l-S
lower; l.. s., unchanged; St. r., L.
lower; l.. NJ. is lower; Erie, is
| higher; u. r., lis down. N. r., pre-
! fcircd UNCHANGED, Atchiugon nm
changed; Reading, 1-S up.
London July Bar silver up 1-1l
| to IS il-lGd.
The effect OF the Atchlson dsclos
/ ures In London has been tho cause o
/ n decline IN the bonds Atkinson A.
are quoted equal TO II 3-S, and Atuhin
son ends equal to 90 is,
| The rest OF the market has not beer
| Infected. chiefly because there Is very
/ little doing
Tho earnings for the month OF Jun,
| OF the N. w, decreased SIZE, 200
Barring Magoun takes 100000 gold.
StoClU opened fevcri8h and itregula
! with some pressure TO sell ID, G. t. an,
! Atkinson bonds. There was a livel,
| whlrl In sugar and the room short
| were squeezed, The pool brokers ais
bid up the price. and the argument wa
advanced that NJ tho senate blll ~ no
accepted There viii be an effort 10 post
pone all LEGISLATION this congress- TN
railroad list was neglected, although
l the CumlnUck brokers were incline,
to renew their attacks against Mis-
sour Pacific. Chicago Chs was barrel,
atsudy but at any concession the Bene
Diet brokers bought while traders wer
Inclined TO take outstanding shorts
London sold some scattering lots OF ~
Paul and Western houses bought on
! apule dawn