Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1890-03-23
SPECULATIVE.
The Market for the Week Closed with
Prices Well Maintained.
Wheat and Corn Strong, in View of the Uncer-
tainty Surrounding the Crops for 90.
Strong SpecIallies.
Special TO the Gazette.

NEW YORK, March 22.-The awaken
ing of the street to the monetary stu
alton, which was fully explained in this
column yesterday, was the cause of q
sharp rally in stocks on our exchange at
the close yesterday. There was nothing
left this morning on which to bull stocks
OF to bear them, consequently they hung
about at the closing prices in the early
hours, such declines as were registered
being results of the all-pervading dull
ress. The street felt confident that the
bank statement would back up the rally
of yesterday; although being q report Of
conditions for the past six days added up
by columns and DIVIDED by six, it could
hardly be expected to fully reflect the
improvement which has been going on in
the condition of bank reserves.
1t is q noteworthy fact that while the
press of the country is ringing with COM
ment on the tariff bill of the ways and
means committee, and while many or
gaus are predicting disaster TO the sugar
refining industry if the bill passes, the
price of sugar trust certificates fails to
reach to any great extent these predic-
many a slip 'twixt an uncompleted COM
mittee bill and a statute, even assuming
the proposed reduction to be against re-
fiuer's interests. The price of certii-
Gates hung slightly below yesterdays
figure.
Louisville and Nashville was traded to
some extent at good prices. 1t is now
announced that the recent floods lid not
damage that road to any great extent,
but on the other hand aided it by giving
to it the business of other roads which
were more seriously affected. Conse-
quentlY those who sold it recently are
now buying it in.
During the last hour the market began
to gather strength, and by the time the
last statement appeared 1t had been
thoroughly discounted, and prices fell off
slightly. Among the specialties which
were exceptionally strong were Tennessee
coal and Hooking Valley.
The crop reports throughout the week
have been in the main favorable, al
though the USUAL quantity of uufavora-
BILE rumors were in circulation. In the
West the situation has been improving
apparently, and the promises of an early
spring were numerCus. The percentage
OF the winter wheat crop that was killed
remains simply guessWOTk. ms RredIesL
damage was experienced in Tennessee,
Southern Indiana, Ohio and Illinois.
The damage in Kansas was slight: in
Southern Dakota the ground Is in ex-
celleut condition, and farmers are max
ing preparations for blowing. The mar
ket throughout the week has been alter
nately dull and active, May delivery
closing last night unsettled with a frac-
tional gain.
The foreign markets have been gener-
ally inactive.
Hutchinson has been a heavy buyer
and rumors of manipulation on his part
were revived. Buyers have sold freely
on the small decrease in stock and in the
first part OF the week they were aided by
the bears.
Corn has been strong, in sympathy
with wheat. The light receipts, which
are only temporary reinforced by spec
ulative buying and covering by the shorts
served to stiffen the market. The re-
ceipts at interior ports were heavy.
Oats were alternately dull and strong.