Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1894-06-29
SETBACK 10 SPECULATION.
Depression In sugar stocks on A.
count % Reports From washins-
'op-ssehisan ana taien pa
cssie Reorganization.


BY Associated Press
New York. June u.s. Speculative
values received setback todey Tor
Which the extension OF the Pullman
strike 10 the ST PAU railroad WAS
largely responsible. There was ND.
elfe 10 account for the reaet,onary
movement in prices. II was the in
hue'i''irs tsesiye which led TO the SELL
Ing for London. which swclled the
volume Of husineas during the morn
ins' The trading was light in ali but
three stocks-sugar. st. Paul and bur
hngton and Quincy.
sugar lponed steady reacted lie;
advanced 5-Sc, and then on brisk sell.
ms Tor the Washington as well as for
the local account. broke 2 s-Sc. rally
Ing 1-sc, ana closing ut a reaction
OF Use, a decline OF 7-sc on the day.
The depression In this stock was due
to the reports that the majority
schedule IN the senate ~ rather small
senator sherman was quoted IN the
washington dispatches ns making a
statment 20 this effect,
There was zone selling OF st, Paul
Que 10 the opening OF the strike on the
road, but there were some good sup
pormng orders IN the shares and the
eecilne Was resisted. The depreeln-
ton, however, continued steadily and
az ABOUT . o'clock q decline OF I per
cent from last night was recorded.
1 subsequent recovery OF 34Sc was
made and final reaction OF i-tc, the
last sale being al a loss OF Use on the
day.
Burlington was sympntheticnily de-
pressed, declining Ice and selling up
s-4c during the morning and declining
| gradually IN the afternoon, closing
i-sc below the highest point touched
and scoring u loss Of a-Ic from yes
| terday. Northwest declined / on sales
OF 400 shnros, Rock Island was mod
| erately active, losing 1-Sc at the open
inE and quickly gaining l-4c. then
with the others on the group II de-
clined ] l-se, closing lac above the
lowest figures made, Lake Shore and
| Union Pacific declined IL, and Louis
Vile, New Albany preferred ! 7-Sc.
| General Electric lost Use, and Pullman
! i-4c Michigan Central and Iowa
| Central preferred each advanced lac,
/ Cotton oil preferred / $50 and Louis
/ vile New Albany common, l-ic.
! Arrangements are, II is said, nearly
] completed between the receivers ~ tho
Atchison road and the New York. Lon.
| don one Amsterdam committees by
which all three Of the committees shall
Jointly purchase the January coupons
Of the general mortgage bonds. there
by avoiding an issue OF receivers GER
tlfcates,
J. plerepont Morgan has been CON
ferrlng with his associates. regarding
tho Union Pacific reorganization, since
his return from Europe and a move
ment toward getting AFFAIRS In shape Is
likely 10 occur soon.
The bond market was steady early
in the day but became irreg ular IN
the afternoon and closed easter. The
action OF the governing committee OF
the stock exchange In authorizing thu
committee on stock llat TO place the
Northern Pacific consolidated fives
certlncntes on the list when the or
gGnization committee has received as
sent OF a majority OF the bonds, has
caused some activity In these Issues
900 OF which sold today at 20 i-2 10
2b The reorganization committed
lacks assent OF about 100000 10 have
majority and until II obtains them
the certificates cannot be listed IN
ternational aud Great Northern see
ends sold at COO against CSC on May
IL. The other leading changes are,
Deolines--Chicago, Plttsburg and
North I'm fives, and Union Pacific col.
lateral trusts, and &c; Erie third
r,ortraKe 1 9-tc; Atchison seconds
st Louis and San Francisco ,oonsol.
fours. ST. Paul. NJ, s. NJ, Montana
Central fyes. ] per cent Advance :
sf Zoe and Grand Island frsts. i-4c
Grand Rapids and Indiana four ant
one-halves, 3-ici Des. Moiues nne
Wort Dodge two and one halves, l-2c
Dulnth and Manitoba hrets, lie
vast Tennessee nrsts and BURLINGTON
cedar Rapids and Northern nrs's'