Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1896-03-01

New York, Feb. ga renewal OF the
heavy selling movement inaugurated
Yesterday In anticipation OF a vote in
inc henate favoring the recognition
OF the independence and belllgerency
OF the Cubans marked the resumption
OF trading today. London prices for
americans were shaded and foreign
sales In this market were fairly large
The early declines extended to point
or Whereabouts and We're most impOr-
tant In Sugar b. & o., L.. Il NJ, st
Paul, Chicago Gas and Leather prefer
red. The reaction was soon stemmed
by the execution of fairly large pur-
chasing orders for both accounts. re-
/ sultlng In smart advances above yes
teruay's final sales in a number OF
cases, Leather preferred scored an
exceptional rally from the low point
OF per cent and Sugar and l.. q n.
/ recovered l-2 per cent each. The dis
/ turblng reports and assumptions re-
garding the outlook Of the b, a. o. to-
gether with the positive statement that
the March interest had not been pro-
vlded for up to the beginning Of bust
ness on the stock exchange resulted
In an outpourlng OF stock depressing
the stock . 5-S, with AN insignificant
rally. The mortgages Of the company
were also oonspicuously weak. The
ives OF 1895 fell to SO as against "a yes
terday and the consul hves of 1888 were
offered ut 81. Seller 2J' ps against
LOG the last previous sale. There was
renewed pressure against the market
In the final hour and nearly all of the
early improvement was lost Spe ula-
ton left OFF active and weak in tone
at general net losses Of fractional ex-
tent.
Speculative conditions at the opening
and close of the week were In marked
contrast. illustrating the proverbial
uncertainty attending operations In
Wall street. A decidedly bulllsh tone
prevailed at the outset based upon lib
eral purchases OF our securities Tor for
elgn account.
The cheerful sentiment was height
ened by the large Increase In the treas
ury gold reserve bringing the figures
up to Sl23, .31s. Confidence was also
derived from the easier tendency OF
money and commercial paper markets.
lie good showings of railroad earnings
and from predictions that the treasury
operations for February would show a
small gain in revenue apart from re-
suits on bond account. An upward
movement was started which attained
liberal proportions In the Vanderbilts
prominent International stock and
some of the industrlals. Commission
houses bought literally and the dis
ly good.
owing to a series OF important dis
turning clements the favorable inilu-
ences noted were subsequently, over
cast and prices began downward
trend, which, toward the end OF the
week gained much force In certain SCI
curlucs as TO arouse considerable APP
pIehenslon regarding the possible sym
nathetic effect upon the general specr-
iation. The annual reports OF the uni
led states Leather company created n
storm of hostile comment and ite pub
iIrntlon precipitAted a Hood OF selling
orders. Then gloomy forecasts OF the
outcome OF the expert examination IN
progress regarding the finances OF the
II. q o.. railroad and finally an appre-
hensIon as to the probable effect 81 the
nrartieaily unanimous vote In the Uni
led states senate IN favor OF the rec
ognttion OF Cuban belllgeren-y and In
densndence provoked wholesale hquld
alton and persistent and effective raids
by the bears. 80, T..
The severest losses were scored In
sugar. the Changers Leather prefer
red. Tennessee Coal. l.. a. y. and few
other shares.
Tho breaks In Il. & o. and Leather
,,raforred wore sensational The FIRST
,a,ned fell to 20 as against &c last week
80 eventually receded 10 81 5-s With
AZ az anal transactions at % IA. Leath-
or preferred slumped 10 50 IL as
against IS 1-2 per cent. other, inpor-
tant losses were In cotton oil prefer
"a a 10 Laciede Gas preferred, ~.
tennessee Coal and Western Union
5.s. New Jersey Central, Tobacco and
81 paul 2 SIS. c. c. c. & 81 T. Bur
iington and Rock isiano, ,cnt sales
47giT7 shares. -,
railway bonds were affected by tne
depresgion in sto-ks with me mere re
Important losses in the spe s,,ass Vas ,s
ahove The usual aggregate and Was
We'll distributed Dealings were si'Oso'-
600. -, .a.,,nd- :
: od 10 the course OF stock prices mn
Gu ei ~ r,oyernents were noted In some
Instances, particularly IL .. < 9; IS
, sues. The consul 5s o. 1888 were eHs ,s-
ed down to 81 sellers 80 against w