Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1896-02-16

New York, Feb. 15.-peolded heoy,,.
ness characterized the fnal tra1Inr "a,
the week. This condition resulted part-
~ from the efforts OF the prutessinnaI
dealers anu TO less extent from H.
iuiua'ion LOT poth domestic and for
eign account. Manhattan, Tobacco
and Leather Preferred were the feats
uies OF the Speculation and displayea
notable weakness on modprate ofier.
ings. The emphatic denials OF the re-
cent favorable rumors In clrculatlon
about Manhattan, and the unfaVor-
npleness or quarterly reports of efforts
produced n vigorous and effective at
TACK oy the traders. The stock dropped
Ii per cent. TO l0l "a after an carly
gain of point.
a. decline OF 2 Ia per cent, in
Leather preferred despite reports OF
Improvement In the leather tfalc and
or large reccnt sales By the company
caused some surprise, but the room
scalpers brought out the old are1l.
ment OF the passage OF the dividend
against the stock. The CONCESSIONS in
the general market were mainly frac-
tionul' sugar improved about Il point
on further advances in foreign beet
Mud domestic refined sugars, but even
tually lost the gain in sympathy with
the weakness In other shares. The
closing was moderately active and
heaVy In tone. The weeks speculation
mas been unsatisfactory to all but the
brokers, who devote their exclusive at
tcntion to quick turns In the market.
There has been general complaint
among commission houses over the
dullness of business. The progress
made toward replenishlng the gold re-
serve incidental to the latest govern
ment issue. and the reports and gossip
In relation thereto have been the piv-
otal influence In Wall street. In the
last few days II has become clear to
experienced hnanciers that the net gold
receipts to the treasury from the new
SlD,VOO.OOO Issue VIII fail considerably
short of early anticipations excited by
the exceptionally large overslbscrip-
tlons. This. OF course. is due to the
fact that a fairly large proportion of
the successful bidders Will In all prob
ability draw their gold from the treas
ury and thus defeat the very object of
the loan. Investors have adopted Il
cautious policy until the course OF the
money exchange and mercantile paper
market can be more clearly furecnsted
than at present.. The failure OF the free
silver defeat In congress to stimulate
foreign purchases Of our securities and
the selling from the same interest at
tributed to increased friction over the
Transvaal situation, together with the
- N''~tA'iiN " lAtAAhlNiiA european
nanciers OF an early sharp revival OF
gold exports, exert a depressing in
iiuence upon the local speculative lead
ers. Trade reports are less encouraging
although returns OF railroad traffic
are mainly favorable. The general
market movement has been fairly act
I've In spite Of holiday interruption and
and the course OF prices erratic. The
industrials attracted the greatest spec
ulative attention. with Sugar and To-
bacco foremost and fuctuating widely.
The first named was marked up per
cent. to IFS les. a reaction to ia Ia.
following on the Indication OF bill in
the United States States senate pro-
viding for the removal of the differen-
tial on the staple. Subsequently the
price rallied to ll3 is.
Manhattan jumped points to 1i3 l-2
on reports of lease to the Metropoli-
tan Traction company. Denials OF the
story and the unfavorable report for
December quarter were responsible for
n slump to l0i 80. The final quotations
was 100 Ii. Aggregate sales, l,2Ss50i
shares.
Railway bonds were fairly active.
with downward tendency. Dealings
We're 100000. The speculation of the
week was moderate In volume, and Il
firm tone prevailed, although some ir-
regularity in values was noted. Total
business was t6.71200O.