Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1886-07-08
Railway Bonds Lower-Slight increase
shown in the wheat Yield and
Decrease In Oats.
UnfsyoraDle Condition OF the Cotton Crop
az shown BY the june Report for
the Memphis District
cnMMEnorAL REsuMR.

Missouri, Kansas & Texas lB AZ llOtj
Texas & New Orleans at 1864.
Wheat quiet and easy.
Cotton higher.
OH closed ut 500.
Coffee points higher
Money llM31.
Governments closed steady.
Sterling weaker.
GOVERNMENTS, STOCKS AID bonds.
NEW YORK, July 7 Government bonds
dull aud unchanged to-day.
Railroad bonds quiet, with prices gem
orally heavy TO weak in the forenoon, re-
covering towards the latter part OF me
day, but the closing figures are generally
loser.
ssocks opened near the closing prices
Of last night There was a movement to
depress grangers on uniavorable crop re-
ports, but after q slight decline the msr-
ket became strong, and was well sus-
talned al day. London helped 10 hold the
market up, and gave It considerable
character By buying freely Of leading
stocks. Well.known brokers claim that the
reduction Of the sterling rate will
cause the outflow Of stocks and bonds
instead Of gold. There were some sales
Of large blocks OF stocks but they were
50. readily absorbed that they did not
check the rise. The market generally
was very dali, the fluctuations being
small with comparatively few GALES. Dur
ing the afternoon there was general up
ward movement and the closing prices
were near the best OF the day, and gem
Grady higher than last nights.
COTTON CROP REPORT
MEMPHIS, TENN., July THE cotton
crop repOrt for the Memphis district,
which embraces West Tennessee, North
Mississippi North Arkansas and North
Alabama, is TO be published tomorrow
By Messrs. Hill, Fontaine & Co. and win
say The weather during the month Of
June was ia the main very untavorable.
Excessive rams fell throughout he dis
tricf, which prevented the cultivation Of
farms, aud The result is shown In the
pre-, ent general grassy condition OF the
cotton crop many localities, especial
~ 10 Mississippi, Tennessee and Ala
bama, lands planted IN cotton have been
abandoned owing to long continued wet
weather and the consequent discourage
ment Of labor.
Injury TO plants from lice and Insects
are reported from several counties in Ala
baina, but the stands as general thing
are good. Considerable complaint is made
of the plant running too much 20 weed,
while In many localities the grass has
stuntCd The growth Of the young plant,
which Is reported small
Arkansas Is the ouly state In which the
plant IS blooming aud forming we'll IN
all others the reverse is reported.
As compared with last years condition
The crops are not good. Favorable
weather will, however, enable the
farmers 20 clean their fields, arC
with propltious seasons an average yield
may yet be secured throughout the dis
trict.
The abandonment of lands makes quite
shortage in average, which Will be de
creased from last year.
Corn has suffered from excessive rains
hui not 70 the extent Of cotton, and iai
yield is anticipated In every portion o
the district excepting Mississippi, wher
the rains drowned out the growing plan
In the lowlands,
SHORT ON COTTON.
Nav YORK, July THE failure Of w
II, Beede, cotton broker, was announce,
this morning in the Cotton exchange
III was said to be short at low prices.
GENERAL cRoP OUTLOOK.
WASHINGTON, July ID, W Sanborn
secretary OF the state board OF agrlcul
AhANf ANlfhAAe hFul AAblo uuklbk Uunt nav
been somewhat affected by drought an
chlnchbugs.
Oats and timothy suffered most ty tn
drought and corn little. Wheat Is we
harvested and is threshing out goo
grain, an average OF 1874 bushels o.
l,si0,49G acres, or 24,SlG, 600 bushels
Corn Is doing more than ordinarily well
Timothy and oats are each 90 per cent. O
full crop. Crop prospects, on th
whole, show more than average promise
rnE GRAIN CROP.
NEw York, July The following 1
summary OF the Rural New Yorker
annual crop report from all parts OF III
country
The Rural New Yorker concludes tina
the winter wheat crop is on the Who'll
good,tho probable yield being 295, 900, 90
bushels, against 2l2,000000 bushels 4
1858, with slight increase In acreage,
Spring wheat Ia considerably injured b
drought aud blight. The yield will prob
ably be i0,000000 bushels, against l46
0oU, 600 bushels last year.
The total wheat crop will probably b
5000, 600, against 1872 600 600 last veal
In oats there has been slight mcreas
Ia acreage. The CROP has been CONSIDER
ably Injured by drought and insect pest
hhN Will lA0Fuhil NANiu hNNtNNVaNuN nuSt
els, against 62a 100000 In 1888.
OF rye aad barley there viii be exec
lent crops on slightly increased area.
There Is a good stand OF corn and goo
out o0k for fine crop.
ALMOST A PANIC.
CmcAGo, I'LL July The advance |
wheat caused the suspension Of John "
Rumsey, an old MEMBER OF the hoard
trade. The size Of the failure cannot sc
h. learnod
During the tlrst hour thera were som
wild scenes IN the wheat pit, opening a
II did at call prices. An avalanche OF O
torlngs Were brought out, which worke
values down, but at s9Ac the shorts cam
out Ia force, and with almost no stor
August advanced to $3.50. There wer
unreported sales az sSac From thi
point II eased back TO s9tc, every bod
buying and the market was greatly %