Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1886-07-29
ON WALL STREET.
The Closing Prices of the General stock
/ List show Material Advances.
GOVERNMENTS. STOCKS AND RoNns.

dONEhNMENIS, STOCKS AND BONDS.
NEW YORK, July 2s.--Goyornment
bonds dull but firm.
Railroad bonds quiet, generally firm.
Texas Pacific issues were active and
strong. The final prices IN the general
list were almost invariably higher.
The first prices in the stock market
at the opening this morning showed ir
regular changes, but they were generally
within ! to per cent. of last evenings
final figures. Missouri, Kansas & Texas
and Northern Pacific preferred were down
per cent In early trading, unfavorable
crop news and the passage of the forefeit.
ure bill by the house Of representatives
at Washington, created an unsettled and
rather heavy market, but the buying of
trunk lines soon rallied the list. Prices
continued to advance with only slight re-
actions throughout the day, and the
market finally closed strong at about the
best figures reached. The final prices
generally show material advances. Lack
awanna is up H. Lake Shore and New
York Central each, and others fractional
amounts.
DAVIs's TRADE CIRCULAR.
The industrial and commercial outlook
has not been as favorable for three years
as 1t Is this week. The encouraging fea-
lures are briefly these; The iron trade is
in healthy condition; demand is equal
to the supply, in some cases in excess.
The rail makers have increased their al.
lotment to ! 400, 900 tons for the year,
and report that demand will be far Ia ex-
cess of this supply. Nearly all the rail.
road companies throughout the country
are extending their lines, making repairs,
putting in side tracks, and otherwise ex-
tending their mileage. This wonderful
activity is eXerting an excellent effect
upon the outside industries. The
wrought iron pipe and tube makers will
shortly advance prices again. Bar iron
is firm; sheet and plate are active. The
10000 weekly production of pig iron is
all taken up at strong prices.
The very latest crop reports from the
Northwest are all of an encouraging char
acter, and to all appearances the export
demand will be quite heavy, sufficiently
to maintain high home prices. The cot
ton crop will be exceptionally large, aud
command better prices than last year
The home consumption of cotton is in
creasing, and the demand for all kinds of
cotton goods is very heavy, at this time,
IN all Eastern textile markets. The mills
are we'll supplied with orders, not only
for cotton goods, but also for woolens,
worsteds and silks. Besides this the ex-
pert manufacturers are overcrowded with
orders, and all their recently increased
capacity is now busy, aud new mills are
under way.
Wool has advanced from | TO cents
per pound within ten days, and the week
ly sales in the three great wool mar
kets foot up 100000 pounds. Tele-
graphic advices within forty eight hours
Indicate an increasing demand from
manufacturers, who begin to apprehend a
scarcity.
Large orders have been given out with
in ten days for rolling stock OF all kinds
and locomotive builders are now negoti.
ating for large orders for engines TO be
during the coming four
months
The anthracite coal production for
August will be nominalIy 100000 tons,
but really more Prices are declining, |
and the combination is feeling the !
effects of internal discussions. 1t is
probable, however, that demand will
prevent break. Bituminous production
is heavier than since the opening OF the
year, and all mines are busy east of the
Considerable idleness pre-
walls In mines In the Western states,