Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1895-12-25

ntue selling for that account rrrno-
ts ouyihE Tor London IL NOT lonL.a
Ier IN the immediate future 40 ~
snor. interest at that center mas hsa,,
p.ae,lcAiiy eliminated, and invastors
s,,i, ae.erred from this market by mis-.
IN, ss US 10 our currency outlook.
rue features OF today's local tradi,,,.
was the purchasing BY houses MS
Wahhihgton connections due 10 81.
pectation OF an impending Issue a,
government bonds on a basis sn,Is,ao.
WY 70 me treasury department ara
wy gratifying results OF tho timsi,,
,%suon or the clearing house COMMITTEE
~, preventing distressing rates lar
,toney. Although some call loans
Uv nauc at . per cent, the bulk ~
me business was done nj nor cen, -
ana transactions were made ON 80;
nlNeu stock exchange co literal %,
pet cent. The market proved s,ner,,s
70 sharp rise In the sterling exc',a,,,,s
nurket, partly owing to tho etpni az
pnrlty between the amount OF nctuai
susaseihent OF gold for shipment 10.
Morrow anu the previous extraor ilnprv
reports As a matter OF faei ,orn'aSs
uankers are dlsincllned 10 sell exrhans,a
70 large amount where the gold is AZ
s,reu Tor shipment three or foiu. dnv.
uhehu, because of the disposition az Inc
me clearing house to issue eertia.
800. anu the banks would receive
gueoit loans Instead OF legal tender
or ne ioan certificates could not be paid
over 10 foreign bankers. and tha
pankers and the banks would not he
wiring TO pay In legal tender out Of
,nelr own stock, as their reserve would
soon be exhausted. @
Inc market opened active and firm
ana soon became strong, About II
Slock reactions occurred on the sharp
advances In actual and posted rates
OF exchange. The losses soon reeov-
ereu, heavy purchases by the shorts
turning the scale. The UPWARD tend.
ency was thereafter maintained M
rule. the highest figures being reached
between ! and o'clock. The nppre-
clatlohs at the extreme point as COM
pared with last nights closing prices
are:
st. Paul and Omaha preferred wheel.
ing. Lake Erie preferred, 4 "a; Tobacco.
Rock Island and Consolidated Gas.
: -, Delaware and Hudson, 4; Sugar,
b-s; Chicago Gas. l-2; Denver and
hlo TRANCE, 3-S; Lake Erie and West
ern preferred, Louisville and Nashville
ana Lead preferred. 2 81: Northwest-
ern. SIS; burlington, Missouri Pacific.
southern preferred and Tennessee
Coal. 1-2, and Kansas and Texas pre-
terred and New Jersey Central, 2 i-2
per cent
The best figures today recorded fol-
lowing gains from the extreme panic
prlces' Consolidated Gas, ~. Lead pre-
ferrod. 49, Pullman. II. Rubber pre-
ferred and Rock Island, 10, Chicago
Gas, Delaware and Hudson, Tobacco
and Lake Erie preferred. .: New Jer-
sey Central Ii; Lead S; Sugar aud
Distllling, rs: st. Paul and Burling-
ton, 10; Kansas and Texas preferred.
and Louisville and Nashville, 7 IL per
cont.
Around delivery hours there was n
disposition on the part OF traders to
take profits on the advance ana sharp
slump resulted In which Manhattan,
Chicago Gas, Tobacco and c. c. G. and
st. l.. were most conspicuous, The
pressure was soon overcome and the
upward tendency was resumed. the
market closing stronger.
The appearance Of heavy purchas-
ing orders for Investment caused
sha-p advance in the railway and mis-
cellaneous bond markets throughout
the day, Sales S2,276 900.
Among the net gains are Rock ISL
and extension rs. 10; Kansas and
Texas lists. H.; do seconds, ? IL;
Reading 4s. 2 1-2; Southern IS and
Atchlson Adjustment n, Ia; Rio
G-andc Western lists and Wabash
ENDS. l-2 per cent,
Government bonds broke sharply on
the anticipated new issue of bonds
New fourS receded i-2 aud the old
As IL.