Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1890-05-29
SPECULATIVE.
puIIion, the Supply Exceeding
Sl'' The Demand, Declines Here
and in London
n Wheat Crop PrObabilities-An
l'1's'' Winter Crop Shortage Reported
hoi- rs,c, on Railway Earnings

sTscisi, t 70 Nv Nav 2s.-The bull point urged on
NE" i .o - common with other coal shares
he ReaalH ls.nce of I5a25 per cent. per ton on
FSs 81 rrices for coal over last month
,sIes0f sgenI55 stilI average half dollar pc
s,bedule, ft,,,,r ago, but Reading IS believed
~ those o. q GAMER from the advance IN
70 be ne go share Of the morning ouylns
p1ss..sina was done By n !; 6 6So sbare at' '''
gbo parehasss,uo, drawn up by Chairman Walker
TIE az giIIrrasfern Granger roads was signed
oi the NyyioI7 by President Miller OF the ~.
tbs aisLl:o' insnres the maintenance OF rates IN
ps.l. IAls -P5T~sumably, the Wisconsin Cen
iii district. d;fferen.ial, and the demanded
iral Is az Nv ~est9red June 10. The missouri
rs,es vii " cot participate in the arrangement,
pacific COG Southwestern companies.
Ia - to he Gazette. H.. :.
Nav tsIi on to AID per ounce IoTaay. me me
L6n19n ~ -rire went OF corresponclhgly, anu
Neg ,te nrice Of bullion certincstes. ,!1I
sold 1le p Tor this EXCEPT that the silver bill
vs. 70 Ie@ST 10 on the shelf so long that
LIS beel, - - no longer so much inclined
silver ho w. brllion and the supply exceeds
% hoAL - Advices from Washington lnt-
TIE ri the agreement between TUG al Ing n
NAE ~ silver men is nearer at nalq thaIl tne
factions " FTrr believes. For the sake OF the
genera {l5.n street II is to be hoped that this
balls OF The force given to the market
is So first breath from washington
T the new bill has spent H seI;
I5ogt .- s Is an ephemeral community, and
VAL Sc The TACT unless the fact Is kept per-
g0on igIso 80 its notice There is nothing else
Peillttf5, ~ boo1a the stock market at the pres
sni time. a -sro-ts Of increased railroad earn
CcnIl1G:.. sbdpld be remembered, based upon
ibgs 4ls, Dhepomenally large wheat crop.
81 5e1--5r.ar wheat crop is much short of the
Nov '1S tbe preceding winter. Some
Gop .-itjes Mace the shortage al as hlgh
s4'IS S-Bre as .5.gOO,gjJ bushels- me
ls-. ,Thsat crop is in danger, we are
sPins he corn crop is late. In August the
iol, an ,rest crop viii begin to move, and we
V.L.t h,-1Iv look for man. more reported IN
NJ, 10 al earnings. No wonder then that the
eIy4 -..et yaarning Clances towards Washington
1l l-.a n ibe arbiters of their destinies.
49, - was general impression this
a..iSy that any change IN the
L .S.L market must be for the better.
T.s.s-5sv's slump was depressing IN the ex-
.s7a but it was supposed 70 De the Tall emu OF
....i,, which has been looked upon as nee
Is-..- iSr continuance OF the bull market. A
Gs-ifs If stop orders had been reached, and
IT, -, holders had been compelled to lie down.
y, T,s thought that now everything was ready
In another upward movement.
ne results Of yesterdays Trunk line execu-
~. committee meeting were favorable beyond
s-tginations as regards their effects on Trunk
In ma Northwestern rates; in view OF these
,Eirgs II was not surprising that the whole mar
Es opened strong and active. LONDON was ouy-
-, ltrhisOu. and St. Paul advances extended
~ ,IoBr the line The tremendous raid on Chi
80 gas was the feature of the day. Transac-
i'6Bs were on very large scale ana
rrires went of 3. points Mt very rapid rate.
T5irsgo houses sold stock on the announcement
hat Igd0e Collins had decided to appoint re-
seirer FOR the trust and had enjOined the
transfer Of trust certificates for the
cas- company. This was in connection with the
mi, brought against the trust by the Charles
ton The most varying opinions as to the real
effect on the value Of the property were ex-
rfassed Some of the directors say that as all
lie old assets were transferred to the new COM
nav about two months ago, and most of the
certificates have been exchanged, the decision
amounts 10 very little but tape told a very diff
and fell =. points from the highest.
Many stop orders were unearthed
Both Chicago gas and sugar closed at lowest
points. The general market was, of course,
lfscled by the slump, but 1t held up wonder
fully we'll, considering. Il was announced that
81 Paul, Wisconsin Central and all other
goIthwestern roads had agreed to restore rates
Is they existed December - for sixty
dSys, with no withdrawal except on
tbir,y DAYS notice. Atchison was in
i.short were eager for it that the loaning rate
went dcwn to per cent. 4 quotation was made
fat. but it was stated that no loans were made
that rate The price advanced steadily on
1uyiHg by shorts, and for long account as well.
Reading was very strong ana active.
The annual report OF the Pacific Mail steam
EhipCOmpany shows net earnings of 2I2 per
rent. President George Gould says in
The report that in January last he
nSie a contract with the Northern Pacific
company 10 run a monthly line between Tacoma
and Japan and China. He regrets that GER
tain railroad influences in our board prevented
he confirmation Of the contract - The directors
were elected according to the programme printed
Yesterday