Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1890-06-04
ON CHANGE
Spot Cotton Fractions and Futures
from 1 TO Is Points Lower.
Wheat Opened Lower, FIuctuated Widely
Closed at an Advancs-COffee and Wool
Unchanged-Sugar Revised.
Daily Review.
OFFICE OF The GAzETrB.
FoPT WORTH, TEx.. June 8. $3.50.

OFFICE OF The GAZETTB,
FORT WORTH, TEX. June 3. 1890.
somewhat quieter aspect is witnessed now
In business circles in the city, more noticeable
from the fact that for the past three or four
weeks everybody was rushed, and to-day bust
ness is not the least dull, but quiet, steady
trade is being carried on in all departments. It
being the first of the month there is great dea,
of ''settsing up'' going on, and collections are
reported as fair.
The city's general markets are in good con-
dition, and there are no important changes in
quotations TO note in any commodity.
Bradstreet's comments as follows on the
condition of the money market; During the
past two weeks the New York loan market has
experienced an appreciable relief from what at
one one time threatened to become condition 10, OF
activity in Wall street, colnclding with an abb
normally low condition of the bank reserves,
could not but result in pressure and general
Tightening of the financial situation. With call
loans tending from day to day to mount up to-
wards 10 per cent, with time money in demand
at high figures for long dates, and with the
virtual stoppage Of business IN mercantile pa
per which followed, there is always danger of
the appearance of disturbing symptoms, either
in business or in speculation, or both. But
any evil effects. The extreme activity
and the demand for funds for speculative pu.-
poses is consequently much less severe, while
at the same time there has been q steady though
moderate return of money from the interior to
New York resulting in an appreciate increase
in the available supply of funds at this center.
In three weeks the surplus reserve shown by the
bank statement has increased over s., 600, 900,
while the indications are that the actual gain in
funds to the banks from interior shipments do
not fall much short OF 81, 0OO OOO the return flow
so far as be observed being still in progress.
There is consequently much easier feeling, as
indicated by the fall IN call loan rates to a per
cent. basis during the present week, and
manifestation of more liberal tendency on the
part of buyers in the commercial paper market.
Sat the same time it must be owned that the
present more favorable aspect Of affairs does
not, in the opinion of many, offer very satisfac-
tory guarantees for the future of the market.
The most striking point in the situation is the
fact that the New York reserves are abnormally
weeks, the surplus reserve held by the clearing
house banks is less than 81, 900, 900, against
SIS 900 900 year ago and SIS, 600, 900 at the cor
period Of 1883. In fact, at season
business, be expected to accumulate in the
New York banks, it comes back from the
interior slowly and scantily. In fact,
the increase of the reserves seems to be
due much If not more to the high rates OBJ
tainable for money on stocks and collateral
tendency in this respect. The fact that the
West and South retain money for longer periods
and in more active use acts in the direction of
the volume of the demands that may
movement. OF course the crop movement sea-
is still far in the distance, and the approach
Of July with its interest and dividend dIsburse-
ments has tendency to accumulate funds at
New York. This may be relied upon to aid in
the reserves to point more COM
them, which may be expected to commence in |
the month of August.