Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1895-12-24
MOANING IT'S TONE
..,. STREET RECOVERING FROM
ITS SCARE.
u.cent Pnnic IL over and Prices
Again Move Rapidly ID
the Ladder.

xsw York, Dec. EJ.-Ine Al-impoft-
:, conaideration agitating the stock
-,,ket today was the decision arrived
,by the clearing house committee at
meeting on sunday at the house OF
e,,.Ident Tappen of the Gallatin Ma
,,,aI bank and cabled at midnight
/. London TO recommend that the issue
,f,certiiicates OF clearing house loans
!, made at once II necessary. There
/ rood authority that this timely az
aso turned the sentiment III London 20
d. hull side OF our securities. The dis
srportlonate engagements of gold to
Europe on Wednesday also was at
,1buied to this influence. Operations
exhibited a decided and wholesome
,antrast TO the panic on Friday and
saturday, The volume OF business was
ssll distributed, but the dealings
hfunk to an aEgekate of about $3.50. 900
shares below Fridays grand total. The
main interest before the opening here
entered ia the London prices for our
,ec,ir!ties, and AZ the cables recorded
! sd,ances up 10 3-S per cent good
| rally In the local market was conf
. IDENTIFY expected, II was also known
| mai large buying orders had been re-
. celyed for foreign account to be exec
| tu,ed In this market. Accordingly,
amid considerable excitement the INF
. tal prices were moved rapidly upward,
/ he advances In the frat few minutes
] ranging up to per cent in New Jersey
| Central The rise had been so sudden
q TO prevent the fulfllment of many
I of the London orders, and after the
arst quarter of AN hour realizing sales
checked the Improvement. Sugar and
susquehauhn and Western preferred
sustained losses of H. Western Union
liz IS and Southern preferred, st. Paul
and New Jersey Central lis per cent.
The reaction was short lived, but the
subsequent dealings Were irregular.
The market again took decided up-
turn about / p. nj. The gains at the
top figures We're: Pullman Rubber
preferred 8 IL. Consolidated Gas and
Alton and Terrc Haute S. Chicago Gas
(, Lake Erie and Western preferred
4 III, Rock Island 6 IA. Lnckawanna,
Metropolitan Traction and New Jersey
Central 9. Cordage guaranteed Ia,
louisville New Albany preferred &.
colorado Fuel 5-s. st, Paul 1-2,
Sugar 4, Burlington Q as and North
western Ia per cent
Covering Of shorts were large on the
general rally and also induced by the
cVHlphIhINfll lBnt engagements OF
gold, amounting TO only 100000 II
had been announced that the assay
oihce would be closed at noon tomor-
row. and this encouraged the eNpectn-
ten that the exports would he limited
to that sum Late In the day. how
ever. the order was countermanded
Most Of the gold houses have expressed
unwillDgness to ship at this time. The
call money market was crratic and as
high as IL per cent was paid on a
moderate line of money. Successfully
low figures were quoted eventually and
money was offered freely at per cent
In the late dealings and closed at
per cent.
The successful completion of the
'normous clearings OF Friday and Sat
arday without financial embarrassment
excited decided favorable comment
only single failure. and that a small
one, was announced on the New York
stock exchange. An equally uneN-
pected Suspension occurred on the con-
ioNdated exchange. The opinion that
an Issue OF gold bonds is imminent and
probable before the closing week Is
general In banking circles.
The market left off strong and clCsed
near the best prices of the day.
The speculation In bonds was cgain
o. large proportions. the transactions
aggregating s2,05l 900. The speculative
issues were In good demand and many
seored material advances. The market
vas governed by the influences noted in
the review Of the share speculation.
some OF the less active mortgages have,
however, sustained sharp declines;
eordage first rose II l-2 per cent 10 "a,
reacted TO % and rallied again to 2S l-2
q The close. Among other gains were:
y. and t. seconds. i-2; Atchison I'd
lnstnent 4s, I; Southern and Atcnison
~ "a; Iron Mountain Is. g. Atchi-
.on seconds, . 81; Texas Paclnc hrsts
shd 81. Louis ana Southwestern sec
ends l-2 and Texas Pacific "econds,
J per cent
Government bonds receded sharply
On me probability OF new issue i'm
pending The recesslons amounted TO
from TO LIZ per cent. the last In the
coupon, Of which 10000 bonds we've
.old. The other securities were not
traded In.