Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1890-05-27
SPECULATIVE.
Americas Imports and Exports
Dickers with London Now Com
pared with the Past
Gould Expected in the Near Future to An
nounee as q BuIl-Texas Securities
will Take Rise.
special to the Gazette.

Special to the Gazette.
NEW YORK, May 26-Our imports of mer-
chandise are now greater than of our EXPORTS
the excess of imports for April being over
IS, 900, 600. Still our exports for that month
were larger than for the same month of any pre-
ceeding year since 1883, and perhaps larger. In
April, May and June last year we exported $685.
900, 600 in gold, but at that time Europe was re-
turning our securities to US, while now nearlv
all Europe seems to be buying Americans. The
movement of yellow metal this spring, If it
moves in either direction, depends upon the
volume our securities which is willing to buy at
ruling figures. The Oregon Transcontinental
plan has been decided upon and a general circu-
lar will be issued to stockholders at the
annual meeting June Is and pub
lished simultaneously here and at Portlsnd
1t will announce the formation Of 9 new COM
pany whose stock will be exchanged share for
share for stock. The new company will have a
dividend fund OF s., 000. 900, and contingent
fund of nearly an equal amount II will also
have enough returns from investments and
business profits to give the expectation of being
able to pay dividends regularly. Three-fourths
of all the stock have already agreed to come in.
This much of preliminary outline is given
by the officials Of the company. The point
given out is to buy Missouri Pacific for
sharp and appreciate rise. Those who were
talking most of the contemplated movement
sought to convey the impression that Gould
would be out this week with interview in
which he would announce himself in unmis-
taxable terms as bull on the situation. In
cidentally it was remarked that Texas securities
will go higher.
BULLS AeREEABEY SURPASSED.
The bank statement Of Saturday was such an
agreeable surprise to the bulls that booming
opening market here was foregone conclusion
The fact that to day was a holiday in London
was looked upon rather as favorable circum-
stance than otherwise, as it was thought that
the operators here would attempt to force prices
up as much possible before the opening
g.
market opened fairly strong, the features being
St. Paul stocks. Bullish talk is heard on this on
every hand. The principal theoretical point on
it is that the Vanderbilts are to be represented
in the directory. The principal practical point
is that the bull pool behind it IS composed of
some of the strongest operators on the
by a broker whose capabilities in his
business amount to genius. A raid on sugar.
refinery, certificates was a feature OF the 9sS
amid the usual excitement to s5h. number Of
crop orders were shaken out and then the price
DistiIiers' and cattle feeders trust, for rea-
sons stated in this column Saturday, were
strong at the opening, although mana
gers 81 one have enc zone into tbs s'i tInss'
deny the soft impeachment, and it is asserted
now that although the nominal price of whisky
has advanced cents per gallon. when the draw
backs are considered the advance is really only
! cent per gallon. a
There was a good deal OF talk about Richmoaas
1ermlnAl MlSSOuEl huu DOLu
these stocks justified the good opinions of then
friends by advancing in falling market, for. in
absence Of any special news, trading was dull
and weak in the morning hours.
Cleveland, Columbus. Cincinnati and St. Louis
was prominent among the stocks which were
sold down by the traders, and st. Paul lost all
its early advance. Union Pacific, on the other
hand, was stiff, and Oregon and Transconti-
mental advanced sharply. 1t is now very close
to what is called its book value aud the an
nouucenaent of the future plans Of the company
s not far off. Chicago gas was another strong
feature of the market.
The sterling exchange market was buoyant,
rejecting an easier money market, and in the
absence of London buying in our exchange
money continues easy, and there no longer
fears Of stringency. Sale OF silver certificates
was made at decline Of 1 per cent. This was
due to an absence of buying orders, as there was
no corresponding decline in the price Of bullion.
THE FINANCIAL PLANS
Of the Baltimore and Ohio road are
arousing much interest at the present.
time. All sorts of rumors are aAfE
concerning what the company viii do and why
it will do it. The most plausible Of these re-
ports is to the effect that increase of capital
stock is contemplated, possibly SO, 900, 600 to
be offered to common stockholders and the pro-
ceeds to be used in buying terminals in num-
It is reported that syndicate has been
held By the city of Baltimore Il Is also re-
ported that attempts will be made to purchase
blocks held BY John Hopkins university and the
Garrett estate. Nothing is ripe for official an
nouncenent as yet, but there are grounds for
placing some credence in the above.