Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1890-06-01
SPECULATIVE.
The Money Market Getting Into a Very
Satisfactory Shape-Bank
Statement.
Increase of Over Million in the Reserves.
Big Flow of Currency from the Interior.
The Market Strong.
Special to the Gazette.

Special to the Gazette.
NEW YORK, May S1-The Chronicle
says: There has been complete change
in the tone of the money market. The
banks are better able to accommodate
customers than heretofore, and the big
flow of currency from the interior is re-
assuring. The treasury disbursements
too, after June will be large. In April
the merchandise balance against this
| country was IS 400 900.
1t prints a table of twenty roads for
April, which showed gross earnings
Of SIG, 9ol, 585, a gain of Sc, 7o2, 064
while the same roads net earnings were
IS ,424 OPS, gain of 1927 ,234.
1t devotes oyer three columns to a re-
capitulation of the Atchison property
and praises the method of organization
and the way it was carried out.
Special TO the Gazette.
NEW YORK, May 3I.-To-day's stock
market was singularly like its predeoes-
sors. 1t opened strong and fairly active.
This was rather extraordinary in view of
the tact that on half holiday between
two holidays there is not apt TO be an
abundance of buying orders Prices ad-
vanced for while quite strongly. The
chief factor was the general belief that
to-day 8 bank statement would show an
increase in the surplus reserves notwith-
standing the drains of the sub-treasury.
The money market is getting into very
satisfactory shape. The first of July is
only Il month away and after the gov
eminent disbursements " i'll be very large.
But in little while the bears began
boi OF 70 nd
seemed to want to buy. The market
seemed to be entirely in the hands of
professional operators, who put up prices
to sell and put them down TO buy at
their own sweet will.
Louisville and Nashville was about the
worst sufferer to-day. The bears take
hold of stocks one at time and put them
down just as the bulls recently took hold
and put them up. Whether or not the
reaction is over, confidence is not wholly
restored. Those who are long of stocks
are not nearly SO happy as they were.
1t is to be noted, however, that Van
derbilts, Atchison, Changers, Union Pa
cIfic aud a few others have not suffered
greatly from the bears attacks during
the week.
The bank statements showed an in
crease of 81 ,440 1925 in reserves. Ac-
cording TO it the banks now hold 81, 912,-
125 above the legal requirements. Prices
rallied some on this, and the market
closed fairly firm, many stocks being
above Thursdays closing figure.
AS compared with a week ago prices
are generally lower. Among the import
ant net changes are: Advances, Lake
Shore, 138; New York Central, y; Pull
man, l; Pacific Mail, IS; Reading, II.
Declines-Chicagog gas, IL; sugar trust,
1913; Tennessee coal, AZ; cotton oil,
81; cotton oil trust receipts, 33s; Man.
haitian, 234; Missouri Pacific and Della
ware and Hudson, 25E; Louisville and
Nashville, IA Texas and Pacific, IL;
Richmond Terminal and New England,
Ia; Union Pacific and Northern Pacific
preferred, IL; Oregon short line, 216;
Canada Southern, rs; Burlington and
Quincy, Rock Island, Northwestern,
Lackawanna, Jersey Central, each l;
lead trust, IL; Western Union, =;
Oregon TrauscOntiuental,5 "a; st. Paul, p.