Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1886-07-07
coMMERcIAL RgsuME

NEW York, July Railway bonds
sold as follows; Kansas & Texas general
Ga AZ g5I ditto SIS AZ 81; Houston
Texas Central atli3; Gulf, Colorado &
Santa Fe ~ ~ l243; Galveston, Harris
burg & San Aatlni0 at %; Texas Pa
clAc Rioe * 81; Fort Worth & Denver
City at s5l
Money iCd8 per cent.
Governments steady.
Sterling walker.
Wheat higher aud strong.
Cotton was s@4 points higher
Oil closed ~ G5ic.
Coffee, 90 which there was heavy trad
ing, advanced 20 points above Fridays
prices.
II is now plain that none Of the plans,
already blolched, for the reorganization
OF the Texas Pacific will go through,
least Of all hat formulated by the Wister
committee, on behalf Of the Eastern
division bOadholders.
GovERNaIgNfs, STOCKS AND BONDS.
NEW YoRK, July G.--Goyernment bonds
dull and steady to-day.
Railroad 5onis dull.
Stocks opened strong. Great interest
was manifested in Western Union on &C
count OF ~ excited rlsc on Saturday. The ,
opening r. was az 40, or ! higher than |
Satnrday's closing, aud the price slowly
sagged OF an day long A multitude OF
points wore gwen both bulls and bears /
the former cl4imDg that the stock would /
20 up 10 so betore August, aud the latter I
claiming tHt developments were near az
hand which would reduce the price much |
below WHIST IL il. Erie was also |
fayorlte s re opening, II being believed /
by many ra !er5 that London was a large /
purchaser me Graugers gradually lost
ground on reports Of new cut ~ ROCK I
Islaud and the drought in the North 4
west. Ch.eago was said to be filling I
these stocks freely. The statement OF 1
railroad earnings for the month OF June |
shows a general increase.
The steniug exchange rates slightly 4
reduced aud gave something Of a stronger /
feeling ~ lie market. The active list at
the close showed general decline Of
to 81. Western Union lost the latter
figure ard Northwestern lost "a, Pacific |
Mail Ia, Omaha ! 4 ard N0rthern Pacific
u per cent
FoREIGN WHEAT.
LoNDOh, Jlue l0-With a fair amount
Of SUNSHINE during the last fortnight we
have stln lad preyalencs Of east wind
and cold nights, 50 that progress In yege-
tation as rapid as Is desirable has been
impossible. The crops have made nota-
bic advaGc since the late wet weather,
but they are extremely backward, aud
wheat VII not be In ear for at lesst
Gnother fortnight All hope Of an
average Wteat crop must now be
given up There are not enough tends"
for fair crop, even If the plants were
as vigorous MS they arc weak, as q whole.
late hsIy g. is very rarely prolific
one, and his year we shall have u very
late harvest, unless drought occurs, sim
liar TO that Of last July, aud that would
cause premature ripening and thin
samples Barley and oats are exceedingly
variable, looking well in some districts
and the reverse 10 others, but everywhere
they are backward
The same remarks apply TO tine pulse
crops. The prospect for the root crops
is very roor one. Mangolds come up
fairly, but baye not grown we'll, as the
weather has no. been hot enough for
them. They may Recover yet, however,
AS for turn,ps most farmers had not sown
them when he late rainy weather set In,
and II was not til last week that the land
was dry enough TO work. On the other
hand, the seed sown before the rains was
in some cases washed out Of She land.
Potato planting, too, was delayed In some
parts of the country by the wet weather.
Tho only crop generally regarded as high
ly promising is the hay crop, which VIII
be very abundant one.
Our VIII NJ markets are stlll in state
of prostra ton, and there seems no hope
of a recovery before harvest, Indeed
unless some catastrophe on an extensive
scale occurs to diminish the expected
Weld In Europe and America, we may
probably have to resign ourselves to an
other year OF extremely low prices
Yet, at the best, the worlds crop o
wheat cannot be large one. The Aus
trallan contribution Is practically nothing
Egypt has ceased for time TO be an eX
porting country. There IL reason to cX
pect poor crop in South Russia ant
Roumenla aud Ia the rest Of Europ
the crop viii almost certainly be beloy
average. The United States and Canad
may produce full crop, but In lndl
realization has fallen somewhat beloN
expectation.
ON the whole there seems to be no rea
son for the extremely low level OF prices
The average price Of wheat here last wee
was los "a per quarter, or 90 pc
cent. less than II was In the correspond
ing week OF $780, when the crop prospect
were very much better throughout tn
world as c whole tAan they are to-day.
What Is needod Is reduction OF II.
worlds wGaat area by scent 20 py2 rea5
and peThs2E snother gssr OF unFemdIera
tive prices will lead NJ 60 that result w
shall have natural selection aud the SUI
vivsl OF tue httest In the struggle for eN
lsttBce among wheat-growers and whea
growing countries, aud the weakest wi
90 tp tha wall. II is painful process, bt
not more cruel than that OF nature la III
animal word
AIose Trouble NJ Rred.