Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1890-05-28
ON WALL STREET.
The Stock Market was Less Active and
Prices were Irregular.
The Market Closed at Losses Over Monday
and the Lowest Prices of the Day.
Railroad Bonds Show Declines.

and the Lowest Prices of the Day.
Railroad Ponds Show Declines.
COMMERCIAL RESUME.
Special to the Gazette.
| New YORK, May 27.-Money closed at ~ pei
cent; the lowest rate was per cent. and the
highest per cent,
Exchange-steady; posted rates, 81 slBa
4 s61a.
silver-s1 Os per ounce.
coffee-spOt lots closed quiet; fair Rio cargoes
| l9tc. Futures closed firm, to 10 points
higher.
sugar-Raw and refined continue quiet; cut
loaf and crushed. SIC, powdered, s1s96Ac;
COtton-spot lots firm; rniddiing uplands.
12isc. Futures closed firm, to 2 points higher.
Nool-F1rm and at unchanged figures.
Wheat-options were weak and unsettled to.
day; and prices declined throughout, closing /
to Il4c lower Spot lots closed firm.
Hides-Firmly held at previous prices; Buenos
Ayres, dry, l3lsc; dry Texas. slka12.
e5S shares changing hands. Prices were irreg-
ular during the greater part and fluctuated fire.
to per csSEsfsger. with an exceptional decline
OF poiqs9fn Tennessee coal.
AtcntH. 46A.
us no Improvement in the dry goods cit
NJ prices continue undisturbed.
RAILROAD BONDS AND CERTIFICATES.
= Bonds dull and irregular.
Denver, Texas and Fort Worth certificates,
~.
Fort Worth and Denver rs. 1o9.
Gulf, Colorado and Santa Fe rs, 12s.
Gold 6's, 81.
Kansas and Texas rs, llslk.
Kansas and Texas general SIS, 74Ia.
Kansas and Texas general 6's, s5Ih.
Missouri, Kansas and Texas general SIS. e5ik.
Missouri. Kansas
116b.
st. Louis, Arkansas and Texas rs, sl1s.
Texas and Pacific rs, $685..
Texas and Pacific as, 4ps.
COTTON, SPOTS AND FUTURES.
Special to the Gazette.
GALVESTON, TEX, May 27.-The tendency in
the spot markets to-day was decidly upward.
New York and Philadelphia advanced Ao, Bos-
ton 9-16c, Mobile, Savannah, Norfolk and Balti-
more &C. st. Louis 1-l6c; New York, Baltimore
and Galveston closing nominal; Norfolk steady,
Others firm. Transactions were light. Futures
responded 10 the buoyancy in spots and made
decided advances for early deliveries.
New York opened very firm for new months,
points on early. to 4pointS on distant months,
sruled strong at second call and quiet but steady
points higher on May, June, July and August,
land to points on other months over last
closing.
points higher. other months to points adj
vance, ruled steady at further advance on all
months and decline of points on May, closed
Steady TO ~ points higher all around over yes
,terday's close.
s "a. WOOL, COFFEE AND SUGAR.
Wool-The market closed firm and unchanged
with no transactions.
Coffee closed steady at former quotations.
Sugar closed quiet and unchanged.
INDICATIONS OF A CORNER IN COTTON.
New YORK, May 27.-There is every indica-
ton of a corner in the present crop months in
the cotton market, and bears are climbing over
each other in their efforts to cover. The trading
started with the sale in July options at point
advance. Pie month Immediately moved up,
and in the first hour advanced is points. May.
June aud'August were urgently bid for and ad-
vanced 10 points IN the same period. At IL a.. M.
there was an intermission of one hour for
annual meeting but when business was re-
sufned the lost time was made up, and prices
jumped up appoints between sales. Just after
noon July SOLD at 1886, an advance of ~ points
from openings and the rest OF the present crop
mouths were 20 points above laat nights close.
JULY THE OPTION IN POINT.
Special to the Gazette.
NEW YORK, May 27.-There was great excite
ment in the cotton market after the opening to-
day, and indications are plenty that July option
has been cornered. That option opened at one
point advance, and at once started upwards. In
the first hour it had lTdsen eighteen points above
opening; and eTossds q brokers We're bidding
for one hour on account of an annual meeting,
and it thought that some arrangement
would be made IN the interval by which shares
would be allowed to cover. On resumption of
business, however, the bears continued to
climb and prices for the nearby months jumped
ten points at time, July advancing to S12 Sc,
forty two points above opening. Other present
crop months advanced forty points above last
nights prices in the first two hours. The new
crop shared in the advance to the extent of four
to seven points.
GOVERNMENTS, STOCKS AID BONDS.
NEW YoRk, Nay T.-The stock market was
dull during the forenoon, but later became very
active, with a decided weak tone, and the result
of the days operations is to leave almost every
thi1E traded in lower than last evening. The
h4tidsys in London aud the approaching holt
tt$ here, with a tendency to realizations, has
Eansed hesitation in the market, and operators
for the most part are. waiting Developments
This condition has always been an opportunity
of the bears, and when dullness inter7enes after
the market rises raid IS the usual conse-
Quence. The report that Gould had expressed
desire to work in harmonYtWfth, the Atchison
led 70 some strength in the forenoon, but it
had little influence to advance &fehison or
Missouri Pacific. The failure Of the general
list to advance. notwithstanding the strength
shown by leading stocks. engendered realiza-
tions In the afternoon, and bears Immediately
jumped into market and the while list suffered.
No change occurred and prices steadily de-
clined, the market finally closing active and
weak at lowest points of the day.
Railroad bonds also showed more animation
on rather heavy tone, but final changes this
evening show q fair proportion of losses.
though the movements in the general list were
small and insignificant.
Government bonds dull and steady.
State bonds entirely neglected.