Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1894-07-04
ACME OF STAGNANCy.
pIrIoN or THE SPECULATIVE
MARK ET YESTERDAY.
senate Vote on suRnr Did Not
>prove the Price of the stock.
locks Were Firm-Conhdence
of the Foreign Spectators.


tyE Fsoclated Press.
Nav York. July s.-speculatlon
'eached the acme OF stagnancy on the
s,ock exchange today, the aggregate
III be transactions being less than
'*;o.ooe shares, a point lower. perhaps.
s;,l,an has ever before been touched on
y run days business. The fluctuations
a,ou. were in keeping with the small
Y IN IN the trading and the changes
3ll he day are confined to the smaller
y sfuctions except in the cases of a
9 lew pf the inactive stocks.
- But there was a tone OF frmness to
4. The market which was remarkable
NC n viev. OF the strike situation. which
iA(< ytt shows no signs OF Improvement.
tfhcte seems to be. however. no desire
IN Die part OF holders OF shares OF
n tklIHa avs affected by the strike to saori-
= Ice them and under the circumstances
II remarkable with what flrmness
y The fgrangers and trunk lines are held.
ll;Nall street appears to look upon the
IA lefeat. of the strikers as certainty
~ reason of the lack Of justice of
heir cause.
IN The London market reflected the con-
v Iidence of foreign holders In the sta
Y a.3ility OF values and there was good
Y foreign buying in this market. ST.
- Paul. Atehison. Louisville and Nash
!. sillc and Union Pacific, and moderate
4 x 'pufchases were made OF some other Of
N The hrbitrage specialtles.
y y The vote in the senate by which the
aiur1f schedule went through did not
Il, lnaprove the price Of sugar stock per-
rs1laansntly, Although the shares opened
l5-Sc{ higher. u selling movement was
! llnaugurated in the early dealings
Ceased on the adoption OF the amend
l|iutpt putting the schedule into effect
psr3n the passage of the tarlff bill which
a Ne BOXED upon as unfavorable TO the
hifAmsrican Sugar Refining company. A
hs1ecline OF 1 l-2 per cent was recorded
amlh the morning with a rally during the
OF is and final reaction
'cof IL making loss on the day OF Ia
4 iptr bent.
''s chicago gas after an opening de-
sline Of 49, rose sharply ON buying for
at an Inside clique. making n gain OF
i-o, OF which s-s was lost at the
as lose an advance OF "a on yester-
...iays closing prices.
~ The grangers fluctuated with limits
y ~ 1-4G5-s and closed at an improve
y nent OF l-sdl-2. the latter for the st,
<. paul which led the group in the trad
IA f1k: Erie rose Id. appearing In the
nd ItHVHhNtlpllH ipi Niit Aiillt ~ NpiiS
+ hiays reaoting Ia: Erie preferred adj
Tor fonced Ia on the purchase OF a hum
hired share lot. Wheeling and Lake
to Erie recorded an advance Of ia per
7, rent Minneapolis and St Louis pre-
attcrred broke 8 per cent to 20, rallying
ar 20 25 l-2 with sales of only
Q01fhares In all. Long Island traction
n Void down TO 9 per cent to H. l-2. re-
y hIcvering to l13; Norfolk and Western
craction declined /. The other changes
IN l<ere very slight. Though intensely
i 5uN the market was firm In the late
ae jenlings and closed in fairly good tone.
{ ~ The railway and miscellaneous bond
ntcket was generally firm all day, the
haIg es IA a rule being light. Notable
ihHdvhnces- and Eastern firsts, l;
.on ,reEon Navigation frsts. ] LIS, md
! h.'..Iprthwest twenty-five year debentures
!. cs,ves, per cent.
utA ps clines--Georgia frsts, 2 1-2; Du-
I'M nth and Manitoba nrsts and Richmond
Of rnd Danville stamped fives, / per cent.