Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1890-05-22
ON CHANGE
Spot Cotton Fractions and Futures
One to Ten Points Higher.
Wheat Opened Higher, F1uctua:ed Widely
and Closed at an Advance-wool
Higher-sugAr Unchanged.
Daily Review.
OFFICE OF The GAzErTH.
FORT WORTH. Tx. Nav n. 1890.

OFFICE OF The GAZETTE.
FORT WORTH. Tx. May p, 1890.
Trade to-day was at its best in every respect
All the leading business houses were crowded
the best portion OF the day with buyers who
took time enough from Sightseeing at the
Palace 10 make their purchases, and, too, the
city or home trade in itself was good.
In reviewing the general markets no material
changes are noted, either in supply or quota
tions. Vegetables are in good supply and new
cabbage are now arriving, though lightly. and
the market is cleared almost as soon as dis
played. Strawberries are quoted low, also new
wax-beans. Dealers are paying 1910 for eggs
to-day, and the present dem and is good. There
is gooa supply OF oranges. lemons. bananas,
The weekly financial circular Of Henry Clews
& Co., Nos. 1S and Is Broad street, New York,
May II, says:
Another week has passed without any indica-
tions Of wiser temper in congress respecting
silver legislation. The latest information is
that the speech OF Senator Jones has strength
ened the probabilities in favor of unrestricted
coinage Of that metal. But, assuming that to
be the present feeling Of congress, yet allowance
must be made for the probability of some subse-
quent abatement OF this radical sentiment.
Nevertheless, it can hardly be hoped that the
settlement ultimately agreed upon will fall short
OF decreeing an issue of IS, 600 600 per month Of
silver currency in one form or another. This,
at least, is the result that Wall street now very
generally anticipates.
With the prospect OF an imitation OF this char
acter, and so far exceeding in amount anything
that has until recently been supposed probable,
it is not surprising that speculation should as
sumo the temper and the extraordinary activity
now apparent on the stock exchange. The as
tendency to be given to silver in our mopetary
arrangements needs no exagReration by the
speculative imagination to constitute it most
important factor in the future of values and of
business of every kind. But conceding all this,
it is worth considering whether speculation and
the advance in prices has not sufficiently dis
counted the probabilities suggested by this fac
tor, considering the uncertainties that at pres
ent surround its ultimate settlement. There is
time enough, before the question comes to the
stage of voting. for congressman to modify their
views in conservative direction, and the
public protest, which is every day becoming
change. The Western extremists, whilst
making such absolute demands to
crafty their constituents in the mining sec
tons, are yet known to be willing to
accept what they can get in the final compro-
mise. And it Is very obvious that the results
that established free coinage and one that, like
Secretary WINDOWS, gave silver certificates,
redeemable in bullion at its market value. In
our Judgment there is sufficient probability of
Mr.. Windows saving clause being Introduced
in the final measure to warrant u halt in further
discounting this question until the nature of
the ultimate compromise has been settled;
the more so as the probabilities BEEN
to decidedly preponderate in favor OF
the president vetoing bill providing for free
coinage. 1t could by no means be safely taken
for granted that the prices Of stocks would not
react from the present level quite freely In the
event of the final settlement OF the silver ques-
ton turning out more conservative than might
be expected from the present pretensions Of the
more extreme silver men. Such a result would
be not only disappointing to holders at high
prices but permanently injurious to the market.