Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1894-07-18
FINANCIAL.

New York. July i've understand
that about t2O.OO0.eo0 OF Atahison stock
hss already signifle1 its assent TO the
plan OF the reorganization committee.
Domlneck & Diekermsn and Jones 6
Aaury were large sellers OF d c. +.
The rumor that the tax would be only
81 Fer gallon had considerable Influence
on the theory that the income tax and
sugar were stronger in congress than
the d. c. = company, and the weakest
would naturally be the one TO suffer.
Goodhart & Co. bought D. c. F. all
day. and were supposed to have had
irtide buying orders. Scale support
seemed 10 be given at q and around
20 H. The action Of the distilers Is
gradually making bears out OF old-tims
bulls on the stock, and 1t needs very
little further decline TO bring out some
little blocks OF the stock which have
been carried and have been nursed Tor
a long time. This Is the opinion u
some expert traders In the stock.
The presence here OF President Green
hut Las not enthused bulls on the stock
much because. although he is very
confident OF the ultimate outcome Of
the business Of the company. he is not
able TO control the situation at Wash
ington, and from that center the news
has ceased 10 be encouraging. Dis
tillers' management has been laying a
great deal VI stress upon the import
ance to the company Of the increased
tax. and now that the promise OF il Is
growing DINNER In realization, the
principal bull argument IS taken away.
London. p. m.-Chesapeake and
Ohio unchanged. Lake Shore is lower.
st. Paul unchanged. Louisville and
Nashville unchanged, Erie is, Union
Pacific s-s higher: Northern Pacific pre-
ferred is lower. Reading Us. Atchison
IA higher.
The conditions Immediately confront
ing sugar ought, I'm the opinion of good
Judges, TO depress the stock. The house
IS set In its attitude against the sugar
combine. and there is reason for believ-
ing that the efforts Of the conference
COMMITTEES have been nullitied by set
opinions on this point. When dis
agreement OF the committee Is reported
certain members OF the house will GER
talnly take ground In favor Of in
structing the conference not 10 change
over to the senate plan. Whether
enough members hold this view remains
to be seen. on the other hand. the
present strength OF sugar Hes in the
fact that the senate seems to be as
resolute as the house, and the old
statement OF bill satisfactory to the
sugar people or no bin is again heard.
should the senate bill fail the house
viii act directly against the sugar COM
pany. but here again senate protection
IS promised. so that there are people
enough who believe that the senate VIII
carry the day 10 keep operators on Ions
{ side confident.
stocks were extremely feverish al
the opening and about the only strong
feature was sugar. which was bid VI
by tho pool brokers on the assurance
that the sugar men are thoroughly
satisfied with the outlook.
Chicago Gas was attacked by this
room traders, and a number OF stoI
orders were disclosed on the raid. which
was based entirely upon the granting
I Of a franchise to new gas company In
I Chicago.
%. c. f. was weak because the tax
has been Lowered In the joint confer,
Z ence 20 the house rate OF 81 per gallon
with graded tax ON spirits kept In
( bond from ave to eight years,
The Changers We're dull. but We're in
I clined to rally as soon as the selling
pressure was withdrawn
The good buying Of r. T. was re,
sumed at higher level.
l In view VI the rumors against ID. c
+ the following point Is pertinent The
l great bulk OF the goods which the com.
pUny has taken from bond In the past
( two weeks has gone into second hands
4 and has been paid Tor. They Were
; purchased at price which wars an ad-
{ vance OF from ! 20 10 cents over tn,
J lowest quotations which ruled in June
/ The company IS a good deal better
[ on financially in consequence Of these
I Withdrawals and sales than II wa.
before they were made.
Moore & Schley bought 1900 sugar
+ Sellers scattering General morke
quiet and steady Very little doing
( London bar silver steady and un.
. changed at IS 7-lG
Bar silver SO is,
Mexican dollars, 81 -
The market for sterling and CONT.
mental bills Is steady on limited vol.
3 ume OF business
I II Is stated that the strength OF Read.
I ing this morning is caused by the de,
{ cision ot the Rice and Hartshorp parts
{ 10 postpone the Issue Of Mr. Rices' IN.
terview Of Reading affairs for severs
I months
A privat, dispatch from Cincinnati
/ SAYS The papers here state that tn.
! decline In d. c. F. Is unwarranted. In
d view " tAt CONDITIONS OF the trade. VI
TO July ~ the company had shipped
I 10000 gallons at the advanced prices
and Il Is making Just now at the rat,
OF S2,000,010 per annum.
New York. July l7.-With the excep
tinu Of ID. c. Il. and c. O., which wer,
{ Influenced by special causes, the mar,
! ket held flrm through the morning ses
sion.
d. c. +, was the feature, and opinion
was divided as TO whether the bulk OF
seiiiag came from the insiders or tbs
bears.
The pool brokers took stock openi,
on the way down TO IS. c. c.. declined
on the familiar strike ordinance OF tn.
city council OF Chicago, which has be
come 50 threadbare that but llttl,
eject was produced. The feeling IL
the general list was more huilIsh, AM
weakness OF Chicago gas and ID. C. +
alone prevented a material advance II
the railroad list.
GRAIN AND PRODUCE.